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Lesley Place, Maidstone, ME16

South East

£85,000
Listed on 05/03/2026

Property Details

Bedrooms
2
Type
Flat

Description

This ground floor two-bedroom apartment presents a promising renovation opportunity for investors or first-time buyers looking to create a personalized living space. Located conveniently within walking distance of Maidstone Town Centre, as well as Maidstone Barracks and Maidstone East Train Station, the property offers both accessibility and potential for value enhancement. The layout includes a living/kitchen area that connects to two spacious double bedrooms along with a separate bathroom, allowing for various reconfiguration possibilities. With approximately 58 years left on the lease and an annual service charge of around £1,020, the property is in need of updating but has significant potential to increase in value through thoughtful renovations.

Investment Analysis

(ME16 area)
Area Average
£361/sq ft
Avg Rent (weekly)
£273
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (ME16)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -1.7%
5 year growth: +12.7%
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

Lesley Place, 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
£307
Based on a loan of £63,750 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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