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Wallace Road, Rochester, ME1 2TA

South East

£400,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
1133 sqft

Description

This three-bedroom terraced house in Rochester presents a remarkable opportunity for both family living and potential investment. Spanning 114 sq m (1,227 sq ft), it combines practical space with character features, making it ready for immediate occupancy while still allowing room for personal touches. The property's exterior boasts attractive kerb appeal with off-road parking on the driveway. Inside, the main reception room offers versatility, suitable for various family activities and enhanced by an inviting log burner. The heart of the home is a spacious open-plan kitchen and dining area that flows seamlessly into a secondary lounge, also featuring a log burner. This area not only accommodates daily living needs but presents an excellent opportunity for future extensions subject to planning permission. Upstairs, two generously sized bedrooms share a family bathroom that, while functional, invites modernisation according to individual tastes. A standout feature is the loft conversion which enhances the property’s versatility; this additional spacious third bedroom can serve multiple purposes such as a guest suite or home office. Outside, the sizeable rear garden is perfect for families and gardening enthusiasts alike, offering possibilities for further development at the back end of the plot (subject to necessary approvals). Additionally, a timber workshop provides valuable space for storage or hobbies. Located within reach of reputable schools and convenient transport links to London via Chatham and Rochester stations, this property holds significant long-term value alongside immediate comfort.

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Investment analysis

(ME1 area)

Below Market Value

This property is priced -1.6% below area average per sq ft

-1.6%
Potential saving
This Property
£353/sq ft
Area Average
£359/sq ft
Avg Rent (weekly)
£286
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£446,985
10% above area average per sq ft
Potential ROI
+2.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (ME1)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -3.5%
5 year growth: +0.6%
Investment Disclaimer: Analysis based on ME1 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

Wallace Road, Rochester, ME1 2TA
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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
£1,511
Based on a loan of £300,000 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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