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Phoenix Road, Lordswood, Kent, ME5 - Image 1
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Phoenix Road, Lordswood, Kent, ME5

South East

£240,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This spacious two-bedroom home in the desirable area of Lordswood presents a promising opportunity for first-time buyers or investors looking to capitalize on renovation potential. The property features a generous entrance hall that welcomes you into the main living spaces, including a lounge and a kitchen/diner, both of which offer ample room for redesign or modernization. Upstairs, you will find two double bedrooms along with a bathroom and a separate toilet, providing convenient amenities for daily living. The layout lends itself well to improvements that can enhance both comfort and functionality. Outside, the property boasts front and rear gardens with the added benefit of potential off-road parking at the back, which is particularly valuable in this neighborhood. While the home does require some modern updates, it offers an excellent canvas for those looking to create their ideal living space or investment property. Located in a sought-after part of Lordswood, this house not only benefits from its peaceful residential setting but also provides easy access to local amenities and transport links. With its combination of space, location, and potential for enhancement, this property is an attractive proposition for those ready to invest their vision and creativity.

Investment Analysis

(ME5 area)
Area Average
£356/sq ft
Avg Rent (weekly)
£315
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (ME5)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 2.9%
5 year growth: 20.7%
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

Phoenix Road, Lordswood, Kent, ME5
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Mortgage Calculator

£
£
£
%
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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