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Cambridge Road, Wigmore, Gillingham, ME8 - Image 1
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Cambridge Road, Wigmore, Gillingham, ME8

South East

£450,000
Listed on 15/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1037 sqft

Description

This spacious detached bungalow represents a prime opportunity for renovation enthusiasts and investors in the desirable Wigmore area. Nestled on a generous plot, the property is conveniently located near local amenities, bus routes, and reputable schools, making it an attractive option for families or individuals looking to create a personalized living space. The home features a large entrance hall that leads to a bathroom and a smaller yet comfortable double bedroom, alongside two additional well-sized double bedrooms. The expansive sitting room provides a versatile area for relaxation, while the kitchen/diner offers ample space for family gatherings. A modest extension at the rear includes a utility room with direct access to the wrap-around garden. The property is set back from the street and boasts extensive outdoor space at both the front and back, complete with parking for two vehicles and a detached single garage. Although in need of comprehensive renovation, this bungalow presents significant potential for value enhancement and customization according to your vision. Early viewing is encouraged to fully appreciate what this property can offer.

Investment Analysis

(ME8 area)

Above Market Value

This property is priced +22.5% above area average per sq ft

+22.5%
This Property
£434/sq ft
Area Average
£354/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £75,000
Target Value
£404,093
10% above area average per sq ft
Potential ROI
-23.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (ME8)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -0.2%
5 year growth: +17.8%
Investment Disclaimer: Analysis based on ME8 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

Cambridge Road, Wigmore, Gillingham, ME8
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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
£1,623
Based on a loan of £337,500 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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