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Bourne Way, Gillingham

South West

£230,000
Listed on 16/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
754 sqft

Description

This semi-detached bungalow presents a promising opportunity for those interested in renovation and investment. Located in a desirable residential area, the property is characterized by its welcoming entrance and well-sized living spaces. With two bedrooms and a shower room, it offers ample accommodation that can be tailored to one's personal style. The layout includes an entrance porch leading into a spacious kitchen equipped with essential units, providing a functional starting point for updates. The living room is light-filled and offers flexible space that can easily be designed for both relaxation and dining. A conservatory at the back enhances the living experience by providing serene views of the garden—a space ripe for landscaping or outdoor gatherings. Externally, the property boasts front and rear gardens, while a driveway leads to a single garage with convenient access to the backyard. While the bungalow requires some modernization, this provides a unique chance to increase its value through thoughtful improvements. Situated in Gillingham, this home benefits from proximity to local shops, amenities, and transport connections. The town's blend of historical charm and modern convenience is evident in its variety of supermarkets, independent retailers, healthcare facilities, and leisure options. Additionally, Gillingham’s direct rail links to major cities like London and Exeter make it an attractive location for commuters. With its solid foundation for transformation and advantageous location, this bungalow holds significant potential for buyers looking to invest or create their perfect living space in an established community.

Investment Analysis

(SP8 area)

Above Market Value

This property is priced +0.5% above area average per sq ft

+0.5%
This Property
£305/sq ft
Area Average
£303/sq ft
Avg Rent (weekly)
£262
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£251,681
10% above area average per sq ft
Potential ROI
-6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SP8)

Area prices are rising by +10.2% over the last 12 months
3 year growth: 2.6%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on SP8 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

Bourne Way, Gillingham
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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
£843
Based on a loan of £172,500 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