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Gloucester Close, Rainham, Gillingham, ME8 - Image 1
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Gloucester Close, Rainham, Gillingham, ME8

South East

£240,000

Listed on 11/10/2026

The listing

Property details

Bedrooms
2
Type
End Of Terrace
Area
952 sqft

Features

  • Garden

Description

This two-bedroom end-of-terrace home is offered with no onward chain and has a generous wrap-around garden, with scope to update and explore further changes subject to the necessary consents. The ground floor includes an entrance porch, a good-sized lounge and an open-plan kitchen and dining area, which opens onto a substantial lean-to. Upstairs are two well-proportioned bedrooms and a family bathroom; the main bedroom has dual-aspect windows and built-in storage. The listing notes that neighbouring homes have divided the larger bedroom to form a third bedroom, although any reconfiguration would need to be assessed for this property. Outside, the rear and side garden combines lawn, patio and decking, and includes a brick-built shed. There is also a paved front garden. The property is described as being within walking distance of Rainham precinct and railway station, with local schools and major road links nearby. The advertised guide range is £240,000 to £260,000.

WHOTS analysis

Our WHOTS verdict

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

78out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £240,000, this is priced well below the local average per square foot, making the asking price a clear acquisition opportunity. The dated finishes offer a manageable scope for redecoration and flooring, while the generous wrap-around garden gives the project a distinctive outdoor canvas. The kitchen’s older fittings and exposed pipework are also worth assessing as part of the improvement plan.

The strong price and economics support a good overall opportunity, with the main appeal beyond the house itself being its substantial side and rear plot. The listing suggests possible extension or layout changes, but these would need to be checked for feasibility and permissions; the lean-to also merits closer inspection.

Key opportunities

  • Acquire at an asking price around 29.7% below the local average £/sqf.
  • Refresh the dated interior finishes and improve the worn garden paving, planting and fencing.
  • Explore the substantial side and rear plot for possible extension or layout improvements, subject to feasibility and permissions.

Key risks

None recorded.

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Map

Location

Gloucester Close, Rainham, Gillingham, ME8
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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
£907
Based on a loan of £180,000 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.

Tax

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

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