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33, Derwent Way, Gillingham, Kent ME8 0BT - Image 1
33, Derwent Way, Gillingham, Kent ME8 0BT - Image 2
33, Derwent Way, Gillingham, Kent ME8 0BT - Image 3

33, Derwent Way, Gillingham, Kent ME8 0BT

South East

£75,000

Listed on 25/06/2026

Property details

Bedrooms
1
Type
Flat
Area
441 sqft

Description

This one-bedroom first floor flat presents a promising renovation opportunity in the sought-after Rainham area of Gillingham. While it requires some refurbishment, there are renovation works that have already been initiated, allowing for the potential to add significant value. The layout includes an entrance hall, living room, kitchen, bedroom, and bathroom, offering a functional space ready for updates. Conveniently located near local amenities and just a mile from Rainham railway station with regular services to London, this property is ideal for investors looking to enhance its appeal or first-time buyers willing to undertake a project. This leasehold flat benefits from a long lease of 125 years, making it an attractive option in today’s market.

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Investment analysis

(ME8 area)

Below Market Value

This property is priced -53.0% below area average per sq ft

-53.0%
Potential saving
This Property
£170/sq ft
Area Average
£362/sq ft
Avg Rent (weekly)
£309
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£175,509
10% above area average per sq ft
Potential ROI
+75.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ME8)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -2.1%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on ME8 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

33, Derwent Way, Gillingham, Kent ME8 0BT
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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
£283
Based on a loan of £56,250 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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