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The Ridgeway, Gillingham

South East

£230,000
Listed on 10/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
839 sqft

Description

This three-bedroom semi-detached home, dating back to the 1930s, presents an exciting opportunity for renovation enthusiasts and investors alike. Situated with no onward chain, the property includes off-street parking and a sizeable rear garden that could be transformed into a family-friendly outdoor space. Inside, the layout features a lounge and separate dining area, along with a kitchen on the ground floor. The first floor hosts three bedrooms alongside a family bathroom. While the interior requires comprehensive updating, it boasts generous proportions throughout, making it ideal for those looking to personalize and enhance its value. Additionally, its location offers convenience just a short stroll from Gillingham town centre, providing easy access to local amenities and transport links.

Investment Analysis

(ME7 area)

Below Market Value

This property is priced -8.3% below area average per sq ft

-8.3%
Potential saving
This Property
£274/sq ft
Area Average
£299/sq ft
Avg Rent (weekly)
£279
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£276,039
10% above area average per sq ft
Potential ROI
+2.2%
After renovation
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

The Ridgeway, Gillingham
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£830
Based on a loan of £172,500 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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