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Banks Road, Strood, Rochester, ME2 4EA - Image 1
Banks Road, Strood, Rochester, ME2 4EA - Image 2
Banks Road, Strood, Rochester, ME2 4EA - Image 3
Banks Road, Strood, Rochester, ME2 4EA - Image 4
Banks Road, Strood, Rochester, ME2 4EA - Image 5
Banks Road, Strood, Rochester, ME2 4EA - Image 6
Banks Road, Strood, Rochester, ME2 4EA - Image 7
Banks Road, Strood, Rochester, ME2 4EA - Image 8
Banks Road, Strood, Rochester, ME2 4EA - Image 9
Banks Road, Strood, Rochester, ME2 4EA - Image 10
Banks Road, Strood, Rochester, ME2 4EA - Image 11

Banks Road, Strood, Rochester, ME2 4EA

South East

£375,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
990 sqft

Description

This semi-detached residence in the desirable Frindsbury neighborhood presents a noteworthy opportunity for renovation and investment. Overlooking expansive green space, the property boasts scenic views of the River Medway and historic Rochester, making it a pleasant environment for future enhancements. Upon entering, you'll find a welcoming living room that flows into a bright dining area, complemented by a convenient downstairs cloakroom. The layout supports comfortable everyday living while allowing for potential modifications to optimize space according to your vision. The upper floor features two spacious double bedrooms alongside a well-sized third bedroom. The family bathroom, equipped with a shower bath and separate WC, offers functional amenities with room for updates. Notably, the front bedroom serves as an attractive focal point thanks to its impressive river views—an appealing aspect for any homeowner. Convenience is key, as this location is just a short walk from both Strood and Rochester town centers. Residents will benefit from access to local shops, dining options, and efficient commuter links. Strood's mainline and High-Speed station are within easy reach, providing swift connections to London in under 40 minutes. Outside, the property includes a driveway capable of accommodating up to three vehicles and directly faces Church Green Park, enhancing its tranquil setting. A newly installed boiler (2024) adds comfort and energy efficiency to the home. This property not only offers immediate livability but also significant potential for those looking to invest in an area with growth prospects while enjoying stunning views and essential amenities right at their doorstep.

Investment Analysis

(ME2 area)

Above Market Value

This property is priced +9.5% above area average per sq ft

+9.5%
This Property
£379/sq ft
Area Average
£346/sq ft
Avg Rent (weekly)
£311
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£376,740
10% above area average per sq ft
Potential ROI
-3.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (ME2)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 1.1%
5 year growth: 17.8%
Investment Disclaimer: Analysis based on ME2 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

Banks Road, Strood, Rochester, ME2 4EA
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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
£1,374
Based on a loan of £281,250 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