Millfields, Kent, ME5
South East
£230,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
2Type
End Of TerraceArea
558 sqftFeatures
- Garden
Description
This two-bedroom home in Lordswood is described as requiring modernisation, offering scope for a buyer to update the interiors and make changes to suit their needs. The accommodation includes two bedrooms, a family bathroom and a through-lounge with natural light. Its end-of-terrace position is described as providing a larger-than-average plot, with potential to explore changes subject to the necessary permissions and checks.
The property is in a quiet cul-de-sac, with the Ash Tree Shopping Centre, local schools, Lordswood Woods and Capstone Farm Country Park nearby. The listing also notes access to the M2 and M20 and local bus services to Chatham, Medway Hospital and surrounding areas.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
41out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a light, manageable project in a quiet Lordswood setting, with a usable through-lounge, two serviceable bedrooms and an enclosed, established garden. The dated finishes offer scope for cosmetic modernisation, while the end-of-terrace position and larger plot add appeal; the listing also mentions possible extension potential, subject to permissions and feasibility. The visible kitchen and bathroom are functional but dated, and the garden path could be improved.
The main drawback is the price: at £412 per sq ft, the £230,000 asking price is above the local average of £353 per sq ft. The asking price plus the £6,600–£18,000 refurbishment range also leaves the purchase-and-works cost stretched against the local benchmark for this floor area. That comparison is with current local average value, not a forecast of the value after renovation, so the project needs careful buying discipline.
Key opportunities
- Modernise the dated through-lounge finishes and flooring to create a fresher main living space.
- Refresh the functional but dated kitchen and bathroom to suit a contemporary style.
- Make modest improvements to the established garden, including the worn central path; explore any extension ideas only subject to permissions and feasibility.
Key risks
- At the asking price, adding the quoted refurbishment budget leaves the purchase-and-works cost stretched against the local average benchmark for this floor area.
- Plan on something close to £242,300 when purchase and the £12,300 refurb range are added together — around 19% above what similar-sized stock commands locally today; post-works value sits outside our data.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£869
Based on a loan of £172,500 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.
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