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Gerrard Avenue, Rochester - Image 1
Gerrard Avenue, Rochester - Image 2
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Gerrard Avenue, Rochester

South East

£300,000
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
635 sqft

Description

This 2-bedroom detached bungalow presents an excellent opportunity for renovation and investment within a desirable residential area of Rochester. While the property requires updating, it sits on a generous plot that allows for potential extensions, subject to planning permission, making it an appealing prospect for those looking to enhance its value. Entering through the porch, you are welcomed into the hallway that connects to each room. The main lounge is naturally bright, featuring a large double-glazed bay window that invites in ample light. The adjoining kitchen and breakfast area offers significant space, providing a solid foundation for modernization or redesign. The bungalow includes two bedrooms: a good-sized double at the rear with lovely views of the garden and a compact single bedroom at the front. The bathroom is equipped with essential fixtures—a bath, low-level WC, and wash basin—allowing for straightforward updates. Outside, the rear garden promises to be a versatile space awaiting transformation. With ample room for landscaping or even additional structures, it's an ideal blank canvas for gardening enthusiasts or those seeking outdoor entertainment options. Additionally, the property features a garage and parking space for two vehicles—an important consideration in this area. The bungalow benefits from gas central heating for comfort throughout the year. Its prime location is another key advantage; just a short walk from both Rochester and Chatham mainline rail stations, residents can access high-speed services to London in approximately 40 minutes. Rochester itself is rich in history and culture, boasting attractions like the historic Rochester Castle and Cathedral. Residents can enjoy charming shops and eateries on Rochester High Street or participate in local festivals throughout the year, such as the renowned Dickens Festival celebrating Charles Dickens's legacy. In summary, while this bungalow may need some work to reach its full potential, its size, location advantages, and investment opportunities make it worth considering for those looking to create their ideal living space.

Investment Analysis

(ME1 area)

Above Market Value

This property is priced +30.9% above area average per sq ft

+30.9%
This Property
£472/sq ft
Area Average
£361/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£252,054
10% above area average per sq ft
Potential ROI
-23.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME1)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 0.5%
5 year growth: 7.6%
Investment Disclaimer: Analysis based on ME1 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

Gerrard Avenue, Rochester
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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
£1,099
Based on a loan of £225,000 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