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Coverdale Close, Chatham, Kent ME5

South East

£245,000

Listed on 24/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1472 sqft

Description

This three-bedroom family home presents an appealing investment opportunity, located in a quiet cul-de-sac close to local amenities and reputable schools. The property features a spacious dual-aspect through lounge that leads into a conservatory, providing ample living space. A large kitchen and downstairs WC enhance the practicality of the layout. Upstairs, there are two generously sized double bedrooms alongside a single bedroom, complemented by a recently upgraded family shower room with modern fixtures. While the property benefits from double glazing, additional storage solutions, and a low-maintenance garden with scenic views, it does require some cosmetic upgrades to maximize its potential. Given its chain-free status and competitive pricing reflecting necessary improvements, this home is ideal for buyers looking to create their own vision or enhance its value through renovation. Please note that due to its non-standard construction, most lenders may require a 10% deposit.

Investment Analysis

(ME5 area)

Below Market Value

This property is priced -53.1% below area average per sq ft

-53.1%
Potential saving
This Property
£166/sq ft
Area Average
£355/sq ft
Avg Rent (weekly)
£317
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£574,978
10% above area average per sq ft
Potential ROI
+117.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (ME5)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +2.6%
5 year growth: +16.2%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£874
Based on a loan of £183,750 over 30 years at 3.97% 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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