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Grove Road, Chatham

South East

£250,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
738 sqft

Description

This three-bedroom residence presents a solid investment opportunity for those seeking to inject their personal touch into a well-located home. Positioned conveniently near Chatham town centre and mainline station, this property boasts separate reception areas and a private garden, making it an excellent choice for both first-time buyers and investors alike. The ground floor features a bright lounge that flows into a separate dining room, creating an adaptable space perfect for everyday living or entertaining guests. The kitchen at the rear offers functional storage and preparation areas with access to the family bathroom. On the first floor, you'll find three bedrooms, including two spacious doubles and a single room, catering well to families or those who work from home. The property maintains a clean and utilitarian state, with considerable potential for cosmetic updates that could enhance value without requiring immediate major renovations. The private rear garden holds promise for landscaping or modernization, allowing future owners to create an outdoor space that meets their needs. Located within a residential area of Chatham known for its accessibility to shops, schools, and green spaces like Great Lines Heritage Park, this home benefits from ongoing local regeneration efforts that promise increased amenities and housing opportunities in the region.

Investment Analysis

(ME4 area)

Above Market Value

This property is priced +9.2% above area average per sq ft

+9.2%
This Property
£339/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£288
Avg Yield
6.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£251,861
10% above area average per sq ft
Potential ROI
-3.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (ME4)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -6.0%
5 year growth: +7.0%
Investment Disclaimer: Analysis based on ME4 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

Grove Road, Chatham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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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