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341(A) Canterbury Street, Gillingham, ME7 5XS - Image 1

341(A) Canterbury Street, Gillingham, ME7 5XS

South East

£40,000

Listed on 11/06/2026

Property Details

Bedrooms
1
Type
Flat

Description

This first-floor leasehold flat presents a promising renovation opportunity, situated conveniently on Canterbury Street in Gillingham. With close proximity to local amenities and transport links, including Gillingham Train Station and Gillingham Park, the location is practical for both residents and potential renters. The flat itself comprises a living room, kitchen, bedroom, and bathroom/WC, all of which require modernisation to unlock their full potential. The property has approximately 62 years remaining on its lease from July 1989, offering plenty of scope for enhancement. Given its vacant possession status, investors can quickly begin improvements to capitalize on the area's rental demand.

Investment Analysis

(ME7 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£287
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (ME7)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +0.8%
5 year growth: +12.2%
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

341(A) Canterbury Street, Gillingham, ME7 5XS
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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
£151
Based on a loan of £30,000 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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