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Pagitt Street, Chatham, ME4

South East

£240,000
Listed on 25/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
893 sqft

Description

This two-bedroom terraced house in Chatham represents a promising project for those looking to enhance their investment portfolio or find a home that can be tailored to their personal taste. The property is in need of comprehensive modernization, but it offers spacious accommodation spread over two levels, making it ideal for both first-time buyers eager to take on a renovation task and seasoned investors seeking value-add opportunities. The ground floor features a generously sized front lounge that connects seamlessly to a kitchen/diner at the rear, along with practical storage options and a ground floor WC. This layout not only maximizes functionality but also provides potential for reconfiguration according to contemporary living standards. Upstairs, the property hosts two well-proportioned bedrooms along with a family bathroom accessible from the central landing. This arrangement allows for flexibility—whether it’s utilized as a main bedroom with an additional guest room, a dedicated home office, or even a nursery, the possibilities are plentiful. With approximately 772 sq ft of internal space, this residence holds significant potential for improvement. Once renovated, it could transform into an inviting and modern home suitable for various lifestyles. Centrally located on Pagitt Street, residents will benefit from easy access to local shops, schools, and amenities. The proximity to Chatham town centre and mainline railway station facilitates quick journeys into London via high-speed services—making this location particularly attractive to commuters. Additionally, road connections via the A2 and M2 ensure broad accessibility across Medway and further afield.

Investment Analysis

(ME4 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£269/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£288
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£308,884
10% above area average per sq ft
Potential ROI
+10.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (ME4)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -3.2%
5 year growth: +8.9%
Investment Disclaimer: Analysis based on ME4 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

Pagitt Street, Chatham, ME4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% 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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