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Wingrove Hill, River, Dover, CT17 - Image 1
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Wingrove Hill, River, Dover, CT17

South East

£450,000
Listed on 28/12/2024

Property Details

Bedrooms
5
Type
Detached house
Area
1551 sqft

Description

This spacious five-bedroom detached home offers significant renovation and investment potential, set within the desirable Wingrove Hill area of River Dover. While the property serves as an excellent family residence, it also presents a unique opportunity for those looking to enhance or expand their living space. Inside, the layout includes a bright and airy lounge/dining area that provides a welcoming atmosphere. The kitchen and utility room are functional and await modern updates that could further maximize their efficiency. A large conservatory extends your living space, ideal for entertaining or relaxing while enjoying views of the expansive rear garden. The property features five bedrooms of varying sizes, each with the potential for reconfiguration or renovation to suit individual needs. Two bathrooms provide practicality for family living, while additional storage options may be found in the garage and throughout the house. One of this home’s standout features is its large rear garden, which not only boasts beautiful far-reaching views but also offers ample room for outdoor activities. This space could easily accommodate future extensions (subject to planning permission) or outbuildings such as log cabins. Additional amenities include off-street parking for two vehicles and a garage equipped with power. The inclusion of owned solar panels presents an attractive financial incentive, as they contribute to lower energy costs and potential annual returns. Set in the village of River, residents benefit from nearby conveniences such as shops, schools, and local eateries. Excellent transport links provide easy access to the A2/M2 and M20 via Alkham Valley; Kearsney train station is just a short distance away, offering direct services to London Victoria among other destinations. Overall, this property not only meets current family needs but also offers exciting possibilities for enhancement and investment in a highly regarded location.

Investment Analysis

(CT17 area)

Above Market Value

This property is priced +14.7% above area average per sq ft

+14.7%
This Property
£290/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£230
Avg Yield
5.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£431,387
10% above area average per sq ft
Potential ROI
-10.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CT17)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -4.5%
5 year growth: 16.2%
Investment Disclaimer: Analysis based on CT17 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

Wingrove Hill, River, Dover, CT17
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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
£1,648
Based on a loan of £337,500 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