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Wheeler Street, Maidstone

South East

£240,000
Listed on 19/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1248 sqft

Description

This two to three-bedroom terraced home offers a unique opportunity for renovation in the heart of Maidstone. Spanning four floors, the property is characterized by spacious rooms and an adaptable layout, making it ideal for someone looking to invest in a project with significant potential. The ground floor features a generously sized lounge that could be transformed into a modern living space, alongside a utility room and a convenient WC. Descending to the lower ground floor, you'll find a kitchen and separate dining room, both of which are ready for updating and personalization. The first floor hosts a large double bedroom and bathroom, while the second floor includes another sizable bedroom that connects to an additional room that could serve as a nursery or dressing area. Outside, there's a low-maintenance garden perfect for enjoying outdoor time without extensive upkeep. Moreover, there is potential to rent a parking space from the landowner at the rear of the property, which could add further convenience for residents. Located centrally in Maidstone, this home is within walking distance of local amenities and Maidstone East railway station, enhancing its appeal for both personal use and rental possibilities. With no onward chain complications, this property presents an excellent canvas for those looking to implement their design vision or capitalize on investment opportunities in a desirable town center location.

Investment Analysis

(ME14 area)

Below Market Value

This property is priced -46.0% below area average per sq ft

-46.0%
Potential saving
This Property
£192/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£277
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£488,511
10% above area average per sq ft
Potential ROI
+74.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME14)

Area prices are rising by +5.7% over the last 12 months
3 year growth: -3.9%
5 year growth: 17.1%
Investment Disclaimer: Analysis based on ME14 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

Wheeler Street, Maidstone
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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