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Bay Lane, Gillingham, Dorset, SP8

South West

£525,000

Listed on 28/02/2025

Property details

Bedrooms
N/A
Type
Detached

Description

This three-bedroom detached house presents a significant opportunity for modernization and investment, featuring a range of outbuildings and a substantial residential development site with outline planning permission for the construction of three open market dwellings. Located approximately 500 meters east of the town center in the area known as 'Bay', the property encompasses a two-storey dwelling (Kentom House), three dilapidated outbuildings—including a two-storey stone-built cottage—and a garden, all set on approximately 0.25 hectares (0.61 acres). The location benefits from accessible connections via Bay Lane, which leads to Bay Road and provides a pedestrian route towards Gillingham School and the town center. Surrounded by residential homes to the north and south, agricultural land to the east, and Bay Lane to the west, this property offers ample space for redevelopment and potential for increased value through thoughtful renovation.

Investment analysis

(SP8 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£267
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SP8)

Area prices are rising by +6.7% over the last 12 months
3 year growth: -1.7%
5 year growth: +7.1%
Investment Disclaimer: Analysis based on SP8 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

Bay Lane, Gillingham, Dorset, SP8
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,983
Based on a loan of £393,750 over 30 years at 4.45% 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.

Stamp duty calculator

Price History

-16.0% since listed
£525,000£25,000(-4.5%)
30/08/2025
Current price
£550,000£75,000(-12.0%)
23/07/2025
£625,000Initial listing
11/03/2025

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