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Coverdale Close, Chatham, Kent ME5 - Image 1
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Coverdale Close, Chatham, Kent ME5

South East

£245,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1472 sqft

Description

This three-bedroom family home presents a promising investment opportunity, featuring a conservatory and two toilets. Nestled in a quiet cul-de-sac, it is conveniently located near local shops and reputable schools. The property boasts a spacious dual-aspect through lounge and a large kitchen area, perfect for family gatherings. While the upstairs includes two generous double bedrooms, a single bedroom, and a recently updated family shower room with vanity unit and WC, the overall aesthetic could benefit from some cosmetic updates to unlock its full potential. Additionally, this home offers practical features such as double glazing, ample storage solutions including two cupboards and a spacious loft, along with a low-maintenance garden showcasing scenic views. As it stands chain-free and requiring minimal structural work, this property is ideal for those looking to add value through renovation. Note that due to its non-standard construction, most lenders will require a 10% deposit.

Investment Analysis

(ME5 area)

Below Market Value

This property is priced -53.2% below area average per sq ft

-53.2%
Potential saving
This Property
£166/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£326
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£575,464
10% above area average per sq ft
Potential ROI
+117.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (ME5)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +2.9%
5 year growth: +16.7%
Investment Disclaimer: Analysis based on ME5 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

Coverdale Close, Chatham, Kent ME5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£868
Based on a loan of £183,750 over 30 years at 3.91% 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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