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Penfold Way, Maidstone, ME15

South East

£550,000
Listed on 25/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1102 sqft

Description

This two-bedroom semi-detached bungalow, situated on a desirable corner plot in a tranquil cul-de-sac, presents an appealing opportunity for both homeowners and investors. While the property is currently in excellent condition and ready for immediate occupancy, it also boasts significant potential for enhancement. Options include upward extension, the possibility of creating a separate side annex, or dividing the title (subject to necessary permissions). Notably, the current owner has already secured planning permission to expand the living area into the conservatory, offering a seamless way to increase space and value. This residence perfectly suits those looking for low-maintenance living while also providing a platform to elevate the property further.

Investment Analysis

(ME15 area)

Above Market Value

This property is priced +33.6% above area average per sq ft

+33.6%
This Property
£499/sq ft
Area Average
£373/sq ft
Avg Rent (weekly)
£296
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£452,696
10% above area average per sq ft
Potential ROI
-24.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (ME15)

Area prices are rising by +3.3% over the last 12 months
3 year growth: -3.7%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on ME15 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

Penfold Way, Maidstone, ME15
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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
£1,984
Based on a loan of £412,500 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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