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Milner Road, Gillingham, Kent, ME7

South East

£220,000

Listed on 09/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
1063 sqft

Description

This spacious three-bedroom Victorian terraced house presents a compelling renovation opportunity in a well-established residential area. The property is spread over three floors, offering a traditional layout that can be modernized to fit today’s lifestyle. Upon entry, you are welcomed by an inviting hall leading into a bright living room accentuated by a bay window. Adjacent is a separate dining room, which provides direct access to the kitchen—a space ripe for transformation into a contemporary area with dining facilities. Beyond the kitchen lies a utility room and separate WC, ideal for reconfiguration to meet contemporary family needs. On the first floor, you’ll find three bedrooms; the principal bedroom is particularly spacious, while the other two offer versatility for guests or as home office spaces. A shower room completes this level of accommodation. Additionally, the basement offers excellent potential for conversion into usable living space such as an office, gym, or entertainment area—subject to necessary approvals. With its private rear garden and attractive Victorian facade, this property holds significant potential for enhancement and value increase through refurbishment. It stands as an exceptional project for those eager to create their dream home or invest in a property with promising rental appeal in a high-demand locale.

Investment analysis

(ME7 area)

Below Market Value

This property is priced -31.0% below area average per sq ft

-31.0%
Potential saving
This Property
£207/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£283
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£350,556
10% above area average per sq ft
Potential ROI
+25.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (ME7)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +0.3%
5 year growth: +10.7%
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

Milner Road, Gillingham, Kent, ME7
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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
£831
Based on a loan of £165,000 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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