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Mill Lane, Chatham, ME5

South East

£285,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
882 sqft

Description

This three-bedroom semi-detached house presents an excellent opportunity for buyers seeking to personalize their living space. Located in a pleasant residential area, it is ideally suited for first-time buyers or families looking to expand. While there are some areas in need of updating, the property boasts a solid layout that allows for creative enhancements and modernizations. The ground floor features an entrance hall leading into a kitchen equipped with various units and work surfaces, along with a spacious lounge/diner that opens up into a conservatory. Moving upstairs, you will find three well-proportioned bedrooms and a family bathroom, providing ample accommodation. The outdoor space includes a generous garden with several shrubs and a summer house—a blank canvas ready for landscaping and personal touches. With no onward chain, this property invites visionaries to transform it into their ideal home.

Investment Analysis

(ME5 area)

Below Market Value

This property is priced -8.9% below area average per sq ft

-8.9%
Potential saving
This Property
£323/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£297
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£344,130
10% above area average per sq ft
Potential ROI
+7.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ME5)

Area prices are stable by -0.4% over the last 12 months
3 year growth: +1.0%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on ME5 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

Mill Lane, Chatham, ME5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,077
Based on a loan of £213,750 over 30 years at 4.45% 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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