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

South East

£190,000
Listed on 29/01/2026

Property Details

Bedrooms
4
Type
Terraced house

Description

This four-bedroom mid-terrace house presents a promising opportunity for those looking to invest in property or undertake a renovation project. Located on Richmond Road, the home enjoys proximity to high street amenities and convenient transport links. Spanning three floors, the layout is adaptable, catering well to families or potential HMO configurations, pending the necessary permissions. On the ground floor, you will find two spacious rooms that can function as either additional bedrooms or reception areas, allowing for customization based on your needs. The first floor hosts two sizable double bedrooms filled with natural light. Meanwhile, the lower ground offers a practical storeroom which could be transformed into a functional home office or study space for remote work. The property features a generous main reception area, a separate kitchen, and a family bathroom. A private rear garden adds to the appeal, providing an outdoor space that can be further enhanced. Notably, modernisation is required throughout, offering buyers the chance to imprint their personal style and vision onto this residence. Given its desirable location and potential for strong rental yields or family living, this property is a rare find in today's market. It invites discerning buyers who are ready to make it their own.

Investment Analysis

(ME7 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£279
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +6.7% over the last 12 months
3 year growth: +3.6%
5 year growth: +20.1%
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

Richmond Road, Gillingham, Kent, ME7
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 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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