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Whitmore Street, Maidstone, Kent, ME16 - Image 1
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Whitmore Street, Maidstone, Kent, ME16

South East

£140,000
Listed on 02/11/2025

Property Details

Bedrooms
1
Type
Flat

Description

This first-floor apartment, spanning two levels, offers an intriguing opportunity for renovation and investment, ideal for either first-time buyers or seasoned investors. The layout consists of a spacious reception area, kitchen, and bathroom on the lower level, while the upper floor accommodates a generously sized bedroom that benefits from natural light through multiple windows and skylights. The property is in need of modernization, providing a perfect blank canvas for buyers looking to customize their living space according to their tastes and needs. A private rear garden enhances the appeal by offering outdoor space that could be transformed into a lovely retreat or entertainment area. Convenience is a key feature here, with allocated parking available at the rear and easy access to local schools and transport links. The proximity to Maidstone town centre means residents can enjoy a vibrant mix of shops, restaurants, and amenities just a short distance away. Additionally, there's potential for a significant investment opportunity as the option exists to acquire the ground floor flat alongside this unit. This could pave the way for creating two separate rental units or further developments in the future. Overall, this property represents not just a home but a promising project for those looking to invest in real estate with the potential for substantial returns.

Investment Analysis

(ME16 area)
Area Average
£362/sq ft
Avg Rent (weekly)
£273
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (ME16)

Area prices are stable by +1.7% over the last 12 months
3 year growth: 4.3%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on ME16 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

Whitmore Street, Maidstone, Kent, ME16
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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
£513
Based on a loan of £105,000 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