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High Street, Gillingham

South East

£150,000
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Flat
Area
639 sqft

Description

This top floor apartment, located centrally within Gillingham High Street, represents a promising investment opportunity. Featuring two spacious double bedrooms and an expansive open-plan kitchen and lounge area, the layout is designed for both comfort and social interaction. While the apartment is well-presented, it does await some minor repairs, offering a chance for buyers to personalize the space to their taste. Its position on the top floor enhances privacy and minimizes noise from the street below. This property holds potential not only as a comfortable residence but also as an excellent option for first-time buyers or investors seeking to capitalize on a vibrant location with easy access to local amenities. Additionally, there are 79 years remaining on the lease, which prospective buyers should consider in conjunction with mortgage requirements.

Investment Analysis

(ME7 area)

Below Market Value

This property is priced -22.0% below area average per sq ft

-22.0%
Potential saving
This Property
£235/sq ft
Area Average
£301/sq ft
Avg Rent (weekly)
£271
Avg Yield
5.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£3,000 - £8,000
Target Value
£211,467
10% above area average per sq ft
Potential ROI
+33.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +5.1% over the last 12 months
3 year growth: +2.8%
5 year growth: +19.1%
Investment Disclaimer: Analysis based on ME7 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

High 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
£541
Based on a loan of £112,500 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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