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Coverdale Close, Chatham, Kent

South East

£245,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1464 sqft

Description

This three-bedroom family residence presents a compelling opportunity for investors or those looking to create their ideal home. Positioned in a quiet cul-de-sac, it offers a desirable layout featuring a spacious dual-aspect lounge that flows into a conservatory, enhancing the living space. The large kitchen and convenient downstairs WC add to the practicality of this home. Upstairs, you’ll find two well-sized double bedrooms and a single bedroom, complemented by a recently updated family shower room with modern fittings. While the property is equipped with double glazing and features such as ample storage and a low-maintenance garden with pleasant views, it does require some cosmetic upgrades. This presents an opportunity to add value through renovations, largely reflecting the competitive pricing. Potential buyers should note that it falls under non-standard construction, necessitating a larger deposit from most lenders. With council tax band B and an energy efficiency rating of D, this home is not only practical but also holds significant potential for improvement.

Investment Analysis

(ME5 area)

Below Market Value

This property is priced -53.3% below area average per sq ft

-53.3%
Potential saving
This Property
£167/sq ft
Area Average
£358/sq ft
Avg Rent (weekly)
£313
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£577,006
10% above area average per sq ft
Potential ROI
+113.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ME5)

Area prices are rising by +4.6% over the last 12 months
3 year growth: +3.0%
5 year growth: +18.2%
Investment Disclaimer: Analysis based on ME5 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

Coverdale Close, Chatham, Kent
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£884
Based on a loan of £183,750 over 30 years at 4.06% 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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