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Grecian Street, Maidstone, Kent, ME14

South East

£225,000
Listed on 04/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
947 sqft

Description

This two-bedroom property presents a valuable opportunity for renovation enthusiasts or investors looking to create a personalized living space. The layout includes a reception room, a kitchen, and a bathroom, all of which are ready for reimagining. A notable feature is the double cellar, offering additional storage options and the possibility for conversion into functional living areas. While the interior requires updates—such as window replacements—the lounge provides a comfortable foundation from which to build. The kitchen-dining area has significant potential to be reconfigured into an open-plan environment, enhancing both functionality and flow. The outdoor space is another highlight, featuring a sizable garden that awaits revitalization. With some creativity and effort, this area could be transformed into an inviting garden retreat suitable for relaxation and social gatherings. Situated in a location with convenient on-street resident parking and within council tax band B, this property not only benefits from its residential characteristics but also the potential for future appreciation through renovation. With an EPC rating of D, there is ample scope to improve energy efficiency while modernizing the home. This property is ideal for those who are ready to invest time and resources into creating a unique home tailored to their preferences. The opportunity to enhance both the interior and exterior spaces makes it an appealing prospect for anyone looking to make their mark in the housing market.

Investment Analysis

(ME14 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£238/sq ft
Area Average
£356/sq ft
Avg Rent (weekly)
£277
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£370,689
10% above area average per sq ft
Potential ROI
+37.3%
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

Grecian Street, Maidstone, Kent, ME14
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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
£824
Based on a loan of £168,750 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