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Hanover Lane, Gillingham

South West

£300,000

Listed on 10/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1234 sqft

Description

This four-bedroom detached residence in the Wyke area offers a valuable opportunity for those looking to renovate and personalize a family home to their liking. The spacious entrance leads into a generous living room, with double doors connecting to the dining area. This space holds potential for an open-plan design, which could enhance the flow of the home for modern living and entertaining. The kitchen, located at the front, includes a practical utility area that houses the gas-fired central heating boiler. A conservatory at the rear adds additional reception space with lovely views of the garden. The ground floor is conveniently completed by a W.C., providing practicality for families. On the upper level, you will find four well-proportioned bedrooms, including a principal suite equipped with its own en-suite shower room. The remaining three bedrooms share a family bathroom. Outside, the enclosed rear garden is perfect for children and pets, while a single garage and driveway provide ample off-road parking options. This property requires comprehensive modernisation throughout, making it an ideal project for buyers eager to invest in creating their dream space in this desirable area.

Investment Analysis

(SP8 area)

Below Market Value

This property is priced -21.8% below area average per sq ft

-21.8%
Potential saving
This Property
£243/sq ft
Area Average
£311/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£421,744
10% above area average per sq ft
Potential ROI
+11.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SP8)

Area prices are rising by +7.2% over the last 12 months
3 year growth: -1.7%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on SP8 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

Hanover Lane, Gillingham
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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
£1,133
Based on a loan of £225,000 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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