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41 Mills Terrace, Chatham, ME4 5NY - Image 1
41 Mills Terrace, Chatham, ME4 5NY - Image 2
41 Mills Terrace, Chatham, ME4 5NY - Image 3

41 Mills Terrace, Chatham, ME4 5NY

South East

£235,000Guide Price

Listed on 09/10/2026

The listing

Property details

Bedrooms
5
Type
Semi Detached
Area
1432 sqft

Features

  • Garden

Description

Offered at auction, this freehold semi-detached house is vacant and has been in the same ownership for approximately 24 years. The accommodation is arranged over four floors and includes five bedrooms, a living room, separate dining room, kitchen, bathroom/WC and a lower-ground-floor store room. The property occupies a substantial plot stated to extend to approximately 10,098 sq ft. There is a large front garden, where off-street parking for multiple vehicles may be possible subject to the necessary consents, together with a substantial rear garden. The seller also notes possible development potential, subject to the relevant consents being obtained. Chatham town centre, Chatham railway station and Gillingham Park are nearby. The property is described as requiring modernisation. Buyers should review the auction legal documentation, including any special conditions and fees.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

75out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £200,000, this five-bedroom freehold is priced at about £140 per sq ft against a local average of £308, making the asking price a standout acquisition opportunity. The house spans four floors and sits on a substantial plot with front and rear gardens, giving the project plenty of scope to reshape and improve the accommodation and outdoor space. The dated kitchen and bathroom, worn finishes across several rooms, and heavily overgrown gardens make this a substantial renovation rather than a cosmetic update. The visible roof shows no obvious major failure, though its detailed condition cannot be established from the photos.

The stated renovation range is £85,000–£145,000, so the scale of the work and the condition of the lower-ground area and gardens deserve careful budgeting and inspection. This is an online auction guide: bidding can take the hammer above the guide, so the eventual price may not stay this cheap.

Key opportunities

  • The four-floor, five-bedroom layout offers scope to rework and refresh a substantial amount of accommodation.
  • A 10,098 sq ft plot with front and rear gardens creates room for a major garden-clearance and landscaping project.
  • The low asking price relative to local £/sq ft provides an attractive entry point for improving the dated kitchen, bathroom and worn interiors.

Key risks

  • The £85,000–£145,000 works range reflects a full-gut-scale programme: damaged finishes and debris across several rooms, exposed structure and rough masonry in the lower-ground area, and substantial garden clearance could stretch budget and programme.

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Map

Location

41 Mills Terrace, Chatham, ME4 5NY
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£888
Based on a loan of £176,250 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

+34.3% since listed
£235,000+£35,000(+17.5%)
25/10/2026
Current price
£200,000+£25,000(+14.3%)
21/10/2026
£175,000Initial listing
09/10/2026

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