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Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12 - Image 1
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Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12 - Image 4
Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12 - Image 5
Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12 - Image 6
Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12 - Image 7

Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12

South East

£240,000
Listed on 18/11/2024

Property Details

Bedrooms
2
Type
Detached house
Area
721 sqft

Description

This semi-detached bungalow presents a promising opportunity for both renovators and investors seeking a property with character and potential. Although it may require some modernization, the home offers a solid foundation for those looking to add their personal touch. Featuring two bedrooms, the spacious master bedroom is filled with natural light, creating a welcoming atmosphere. The second bedroom, while cozy, can serve as an excellent guest room or a functional home office. The kitchen provides a practical layout and benefits from direct access to the conservatory, which invites plenty of sunlight—a delightful space for meals or relaxation throughout the day. Additionally, the property includes two reception rooms; the larger one is particularly notable for its generous windows that overlook the garden and provide direct access outside—ideal for entertaining guests or enjoying quiet evenings. Externally, the property boasts a well-maintained garden that enhances outdoor living potential. A unique fireplace inside adds charm and warmth to the home, making it feel inviting even during colder months. Located in a peaceful neighborhood with convenient public transportation options, this bungalow is close to schools, local amenities, green spaces, and various walking and cycling routes. The combination of tranquility and accessibility adds significant value to this location. This property falls under council tax band B and represents an ideal investment for those eager to transform it into their dream home or capitalize on its rental potential. Don't miss this chance to explore what this bungalow can become through your vision and effort.

Investment Analysis

(ME12 area)

Above Market Value

This property is priced +11.1% above area average per sq ft

+11.1%
This Property
£333/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£261
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£237,652
10% above area average per sq ft
Potential ROI
-8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (ME12)

Area prices are rising by +5.7% over the last 12 months
3 year growth: 0.3%
5 year growth: 25.1%
Investment Disclaimer: Analysis based on ME12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Summerville Avenue, Minster on Sea, Sheerness, Kent, ME12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE