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Rochester Drive, Bexley

South East

£195,000
Listed on 17/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
689 sqft

Description

This two-bedroom first-floor maisonette presents a promising opportunity for buyers looking to invest in a property with significant renovation potential. While the interior requires thorough modernization, the layout provides ample living space that can be transformed into a comfortable home or rental unit. Entering the home, you will find an entrance hallway leading to a functional bathroom and two well-proportioned bedrooms. The reception room is spacious and offers flexibility for various furnishings and configurations, while the kitchen has the potential to be updated to meet contemporary standards. The property features double glazing and gas central heating, which are advantageous for energy efficiency. A private rear garden spans approximately 26' 3'' x 16' 5'', providing outdoor space that could be revitalized into a personal retreat or recreational area. Located in a community-oriented area, this maisonette benefits from nearby amenities and transport links, making it accessible for both residents and future tenants. Notably, there is no forward chain, allowing for a straightforward transaction process. With 77 years remaining on the lease and council tax falling under Band B, this property holds considerable promise for those willing to undertake renovations. It’s an ideal candidate for investors seeking to create value through refurbishment in a sought-after location.

Investment Analysis

(DA5 area)

Below Market Value

This property is priced -42.9% below area average per sq ft

-42.9%
Potential saving
This Property
£283/sq ft
Area Average
£496/sq ft
Avg Rent (weekly)
£468
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£375,615
10% above area average per sq ft
Potential ROI
+53.3%
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
16%
Properties sold annually

Local Market Trend (DA5)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 3.6%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on DA5 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

Rochester Drive, Bexley
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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
£714
Based on a loan of £146,250 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