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Albany Road, Gillingham, Kent, ME7 - Image 1
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Albany Road, Gillingham, Kent, ME7

South East

£240,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
903 sqft

Description

This two-bedroom mid-terrace property on Albany Road in Gillingham presents a promising opportunity for renovation and investment. Located within walking distance of Gillingham High Street and the train station, the home offers a spacious layout and considerable versatility, making it an attractive option for first-time buyers, growing families, or savvy investors looking to enhance value. Upon entering, you are greeted by a bright reception room that serves as a comfortable space for relaxation or entertaining guests. The heart of the home is an expansive kitchen/diner at the rear, perfect for family gatherings or social events. Additionally, an extension currently configured as a home office provides significant potential; it includes access to an extra shower room—ideal for accommodating guests or creating a small studio. The rear garden is a blank canvas ready for your creative vision, whether that involves landscaping, a children's play area, or establishing a tranquil outdoor retreat. On the upper floor, two generously sized double bedrooms benefit from ample natural light alongside a family bathroom. The property features full double glazing and gas central heating throughout. With its chain-free status and close proximity to local amenities and transport links, this property combines convenience with substantial renovation potential—a valuable prospect for those aiming to invest in their future.

Investment Analysis

(ME7 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£266/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£284
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£298,387
10% above area average per sq ft
Potential ROI
+6.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME7)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +2.0%
5 year growth: +13.2%
Investment Disclaimer: Analysis based on ME7 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

Albany Road, Gillingham, Kent, ME7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£856
Based on a loan of £180,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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