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Rainham Road, Gillingham, Kent, ME7

South East

£170,000
Listed on 28/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

Located in a sought-after area of the Medway Towns, this three-bedroom home offers a remarkable chance for those inclined to undertake a comprehensive renovation project. The property is devoid of any forward chain, appealing particularly to investors and individuals eager to enhance their living space with modern updates. Currently requiring extensive refurbishment, this residence can be transformed into a desirable asset or family home. With an abundance of local amenities including popular shopping centres and recreational parks, coupled with excellent transport connections to London, the location adds significant value to this investment. The layout consists of a welcoming entrance hall, a living room with a bay window, a dining room featuring fitted storage, and a functional kitchen. The bathroom is positioned conveniently on the ground floor. Upstairs are three well-proportioned bedrooms, each offering potential for creative reimagining. The outdoor space includes both patio and lawn areas alongside rear access, providing further possibilities for improvement or landscaping.

Investment Analysis

(ME7 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£273
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £65,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +3.6% over the last 12 months
3 year growth: +2.0%
5 year growth: +16.0%
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

Rainham Road, Gillingham, Kent, ME7
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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
£602
Based on a loan of £127,500 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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