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Melville Road, Maidstone, ME15

South East

£240,000
Listed on 20/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
689 sqft

Description

This two-bedroom terraced house, located in a well-established and convenient area of Maidstone, presents an appealing opportunity for investors or first-time buyers looking to create their perfect home. The generous layout features a comfortable lounge that leads into a separate dining area with access to the rear garden, alongside a practical kitchen and ground floor bathroom. The first floor is home to two spacious double bedrooms filled with natural light, while a cellar adds valuable storage space and could be transformed into additional living space with the appropriate permissions. Outside, the manageable rear garden offers potential for landscaping or outdoor entertaining. Located just a short distance from Maidstone town centre, residents will enjoy easy access to shops, dining options, and essential amenities, as well as excellent transport links including mainline train services to London and road connections via the M20. With reputable schools and parks nearby, this property combines convenience with potential for enhancement.

Investment Analysis

(ME15 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£348/sq ft
Area Average
£369/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £30,000
Target Value
£279,855
10% above area average per sq ft
Potential ROI
+3.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (ME15)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -5.0%
5 year growth: +7.5%
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

Melville Road, Maidstone, ME15
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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
£850
Based on a loan of £180,000 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.

Stamp Duty Calculator

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