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Cromwell Terrace, Chatham

South East

£185,000
Listed on 28/08/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached home presents a fantastic opportunity for renovation and investment. Ideal for couples, young families, or landlords looking to diversify their portfolio, this property features a separate lounge and a spacious kitchen on the ground floor, along with a family bathroom. The upper level hosts two well-sized double bedrooms that offer plenty of room for comfort. While the property requires some cosmetic updates to bring it into modern standards, it holds significant potential for personalised improvements that can enhance both living space and market value. The rear garden provides a quaint outdoor area perfect for leisure or entertaining guests. Conveniently located within walking distance to the town centre and railway station, this home also benefits from close proximity to local schools and key transport links, making it an appealing option for buyers seeking accessibility alongside renovation prospects.

Investment Analysis

(ME4 area)
Area Average
£318/sq ft
Avg Rent (weekly)
£296
Avg Yield
6.3%

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
29
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (ME4)

Area prices are falling by +5.2% over the last 12 months
3 year growth: -3.5%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on ME4 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

Cromwell Terrace, Chatham
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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
£678
Based on a loan of £138,750 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