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Quinnell Street, Rainham, Gillingham, ME8

South East

£240,000
Listed on 16/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
701 sqft

Description

Situated within a short stroll of Rainham precinct, this three-bedroom terraced house presents an attractive opportunity for those looking to invest in a property with significant renovation potential. The location is convenient, with easy access to local shops, cafes, schools, and the train station, making it ideal for both families and commuters. The ground floor features a spacious lounge equipped with an electric fireplace, providing a cozy area to relax. Adjacent to this is a kitchen/breakfast room that offers ample space for culinary creativity and family gatherings. A practical utility cupboard adds convenience, while the family bathroom completes the lower level. Moving upstairs, you'll discover three well-sized bedrooms; the main bedroom includes built-in storage solutions. One of the standout features of this property is its generous south-east facing rear garden. This outdoor space not only offers room for family activities and entertaining but also holds potential for future development (STPP). Additionally, there is a sectioned rear area accessible by road that could provide an opportunity for off-street parking. The front garden is currently laid with mature shrubs but also has the possibility for conversion into driveway space (STPP). It's worth noting that the property requires a new heating system as the existing one is non-functional; this presents an opportunity for new owners to implement their preferred heating solution during renovations. With its prime location and scope for improvement, this home is poised to attract keen interest from buyers looking to capitalize on its investment potential.

Investment Analysis

(ME8 area)

Below Market Value

This property is priced -4.0% below area average per sq ft

-4.0%
Potential saving
This Property
£342/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£275,128
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (ME8)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 1.1%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on ME8 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

Quinnell Street, Rainham, Gillingham, ME8
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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
£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