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Meresborough Road, Rainham

South East

£475,000
Listed on 20/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for savvy investors and developers looking to engage in a renovation project. Set within a desirable Conservation Area, this former school building spans approximately 4,100 square feet (380 square meters) and is accompanied by outbuildings on an expansive plot of 0.71 acres (0.28 hectares). With existing services such as mains electricity, water, and drainage already connected, the groundwork is laid for transformative development—subject to any required planning permissions. Additionally, potential buyers should note that the seller retains overage rights concerning development on the designated playing field area. The location's growth potential makes it an attractive prospect for those interested in residential or commercial projects. It's essential for buyers to conduct their own due diligence regarding planning changes with Medway Council prior to submitting offers.

Investment Analysis

(ME8 area)
Area Average
£357/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Meresborough Road, Rainham
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE