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Ernest Drive, Maidstone, ME16

South East

£400,000
Listed on 15/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1152 sqft

Description

This three-bedroom semi-detached chalet bungalow, extended for added living space, presents a promising investment opportunity in the desirable area of Allington. The property features a flexible layout with a spacious reception area that includes a lounge, dining area, and snug—perfect for both family life and entertaining guests. Upstairs, there are two generous double bedrooms that provide practical accommodation. Set on a sizable plot, the home comes equipped with driveway parking and a garage, along with potential to enhance parking options at the front (subject to planning permissions). The well-established rear garden boasts mature shrubs and offers side access. Furthermore, there is capacity to extend the property sideways, again pending necessary approvals. With conveniences like double glazing and gas central heating already in place, this home not only meets essential needs but also has potential for further value addition. Its prime location near Waitrose, various bus routes, and quick access to the M20 motorway and Maidstone town centre makes it an attractive proposition for investors or families looking to personalize their living space.

Investment Analysis

(ME16 area)

Below Market Value

This property is priced -4.8% below area average per sq ft

-4.8%
Potential saving
This Property
£347/sq ft
Area Average
£365/sq ft
Avg Rent (weekly)
£276
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£462,021
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (ME16)

Area prices are stable by -1.0% over the last 12 months
3 year growth: 0.0%
5 year growth: +15.9%
Investment Disclaimer: Analysis based on ME16 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

Ernest Drive, Maidstone, ME16
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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
£1,443
Based on a loan of £300,000 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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