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Octave Terrace, Queen Street, Gillingham

South West

£160,000
Listed on 24/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
958 sqft

Description

This charming two-bedroom mid-terraced Victorian house presents an excellent investment opportunity for those looking to put their own stamp on a property. Situated within a short walking distance to the town centre, key amenities, and the mainline train station (Exeter-London/Waterloo), this home is ripe for transformation. While it boasts some original Victorian features such as fireplaces and floorboards, it requires comprehensive modernisation throughout. The layout is arranged over two levels, beginning with an entrance hall leading to a cozy living room that features an original brick fireplace and exposed floorboards. The adjacent dining room highlights similar attributes with its own fireplace and sash window, creating a warm atmosphere. The kitchen includes Shaker-style cabinetry and ample space for appliances, along with access to a utility area housing the boiler and plumbing for laundry facilities. Upstairs, you'll find two generous double bedrooms—one featuring its own Victorian fireplace—alongside a family bathroom equipped with essential amenities. Outside, the small front garden is low-maintenance gravel, while the enclosed rear garden offers space predominantly laid to lawn, complemented by a patio area and additional storage options like a greenhouse and shed. This property benefits from gas central heating and double glazing but awaits your vision to revitalise it into a stunning home.

Investment Analysis

(SP8 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£167/sq ft
Area Average
£306/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£322,621
10% above area average per sq ft
Potential ROI
+65.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (SP8)

Area prices are rising by +7.5% over the last 12 months
3 year growth: -1.5%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on SP8 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

Octave Terrace, Queen Street, Gillingham
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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
£577
Based on a loan of £120,000 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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