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Norrington Road, Maidstone, ME15 - Image 1
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Norrington Road, Maidstone, ME15

South East

£490,000
Listed on 17/05/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1214 sqft

Description

This three-bedroom detached home is situated on a desirable corner plot in the Loose area of Maidstone, presenting an exciting opportunity for both renovation and investment. While the interiors are well-maintained and tastefully decorated, there exists significant potential for extension or reconfiguration (subject to planning permission), making it an appealing choice for those looking to customize their living space or enhance the property's value. Upon entering, you are greeted by a spacious hallway that leads into a bright living room filled with natural light from large windows. Adjacent to this area is a dining room with direct access to the rear garden through substantial doors, creating great potential for indoor-outdoor living. The kitchen is functional and comes equipped with stylish cabinetry and ample counter space, along with room for appliances. It also provides access to the private garden, which holds promise for landscaping or additional outdoor features. The first floor houses three generously proportioned bedrooms. The master bedroom includes built-in wardrobes, while another double bedroom also benefits from similar storage solutions. The third bedroom is versatile enough to serve as a guest room, children's room, or home office. A well-designed family bathroom completes this level, featuring a bathtub with an overhead shower. The outdoor space offers a good-sized private rear garden that boasts a patio area suitable for outdoor dining alongside a lawn and various shrubs providing greenery and privacy. The property further benefits from off-road parking on the front driveway and an attached garage, which could be utilized for additional storage or parking needs. Located in a family-friendly community, this home enjoys close proximity to local schools such as Loose Primary School, as well as shops and recreational facilities. Maidstone town center is only a short drive away, providing access to diverse shopping and entertainment options. Excellent transport links are available through nearby train stations and major roadways (M20 & A20), making it convenient for commuters. With its combination of solid foundational elements and potential for enhancement, this property represents an attractive investment opportunity in a sought-after location.

Investment Analysis

(ME15 area)

Above Market Value

This property is priced +8.6% above area average per sq ft

+8.6%
This Property
£404/sq ft
Area Average
£372/sq ft
Avg Rent (weekly)
£294
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£496,101
10% above area average per sq ft
Potential ROI
-5.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME15)

Area prices are rising by +4.2% over the last 12 months
3 year growth: -4.1%
5 year growth: 12.9%
Investment Disclaimer: Analysis based on ME15 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

Norrington Road, Maidstone, ME15
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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
£1,795
Based on a loan of £367,500 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