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Balmoral Road, Gillingham,

South East

£240,000

Listed on 20/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1097 sqft

Description

Discover a remarkable investment opportunity in Gillingham with this spacious three-bedroom Victorian home, ideally positioned on Balmoral Road and offered with no onward chain. Spanning 1097 square feet (102 square metres), this property presents a blank slate for those looking to undertake comprehensive modernisation, transforming it into an impressive family dwelling. Upon entry, the charm of the Victorian era is evident, featuring expansive living areas across three reception rooms that can be reimagined to align with modern living needs. Whether it's creating an open-plan layout or establishing a dedicated home office, the versatility of these spaces is significant. Additionally, a sizable basement offers further potential for adaptation—perfect for storage solutions or conversion into extra living quarters, pending planning approval. The first floor comprises three generously sized bedrooms that provide comfortable retreats for family members. The existing bathroom, while in need of complete refurbishment, opens the door for designing a contemporary suite that meets personal style preferences. The renovation prospects here are extensive and could substantially elevate the property's worth. Externally, the property showcases a quaint courtyard at the front and an enclosed garden at the rear, both of which invite creativity in landscaping and personal touches to create a tranquil outdoor escape. The advantageous location of this residence places it within walking distance to Gillingham High Street's array of local services and amenities. Commuters will appreciate proximity to Gillingham mainline station, offering swift connections to London and surrounding areas—ideal for those seeking convenience alongside their investment. Despite its current condition, this Victorian house represents an exceptional chance for buyers eager to inject their vision into a project that harmoniously marries historical character with modern functionality. With spacious interiors and ample scope for enhancement in a prime location, prompt viewing is encouraged to grasp fully what this property has to offer.

Investment Analysis

(ME7 area)

Below Market Value

This property is priced -27.2% below area average per sq ft

-27.2%
Potential saving
This Property
£219/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£284
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £80,000
Target Value
£362,493
10% above area average per sq ft
Potential ROI
+13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME7)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +2.0%
5 year growth: +13.2%
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

Balmoral Road, Gillingham,
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£856
Based on a loan of £180,000 over 30 years at 3.97% 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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