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Bingham Road, Rochester, Kent. ME2

South East

£200,000

Listed on 26/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
821 sqft

Description

This two-bedroom mid-terrace house offers a substantial renovation opportunity in a prime central location. Situated within walking distance of the High Street and Strood Train Station, this property benefits from fast rail connections to London, making it an attractive option for commuters. The layout includes two generously sized double bedrooms and a bathroom on the upper floor, while the ground level boasts two adaptable reception rooms that can be configured for both leisure and dining. A sizable rear garden adds further appeal for potential buyers looking for outdoor space. While the home is sold as seen, it presents significant potential for modernization, ideal for first-time buyers keen to stamp their personal style or investors looking for a rewarding project. There are areas needing attention, including damp issues and necessary electrical upgrades, which will require careful planning and execution post-purchase. With no chain involved in the sale process, new owners can swiftly begin their refurbishment journey or occupancy without delay. This property combines ample living space with an enviable location, making it a worthy consideration for those seeking to invest in a customizable home.

Investment Analysis

(ME2 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£244/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£326
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,098
10% above area average per sq ft
Potential ROI
+30.9%
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
20%
Properties sold annually

Local Market Trend (ME2)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -3.3%
5 year growth: +9.9%
Investment Disclaimer: Analysis based on ME2 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

Bingham Road, Rochester, Kent. ME2
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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
£714
Based on a loan of £150,000 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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