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Lakewood Drive, Wigmore, Gillingham ME8 - Image 1
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Lakewood Drive, Wigmore, Gillingham ME8

South East

£400,000
Listed on 14/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
692 sqft

Description

Situated on a desirable road known for its long-term residences, this property offers the opportunity for single-level living while presenting numerous investment possibilities. This bungalow is available with no onward chain and features a private driveway alongside a garage, enhancing convenience. The extensive 50-foot garden provides ample space for landscaping projects or potential extensions, making it ideal for those with aspirations of creating their dream outdoor space.<br><br>Internally, the layout flows seamlessly from the entrance hall to a spacious lounge, perfect for relaxation or entertaining guests. The kitchen is functional and well-designed, with views that encourage connection with the garden. A conservatory adds extra living area and enhances the overall appeal by integrating indoor and outdoor spaces throughout the year. Both bedrooms are generously sized doubles, allowing for versatile usage as a main suite or guest room/home office. The family bathroom rounds out the accommodation; while in decent condition, there's room for personalized upgrades to enhance its functionality and aesthetic.<br><br>The garden stands out as a significant asset, providing privacy along with plenty of lawn space suitable for children or pets and opportunities for planting borders or adding storage solutions like sheds or even a studio (subject to permissions). With both driveway and garage facilities, everyday life is simplified—ideal for storing vehicles, bicycles, tools, or even setting up workshops.<br><br>Lifestyle in Wigmore combines tranquillity with accessibility. With local shops and cafés just moments away, excellent schools nearby, and green spaces perfect for leisurely weekends within reach, this area offers great community living. Excellent transport links make commuting easy to Medway Towns and beyond via road and rail.<br><br>This rare find presents an excellent chance to secure a bungalow in a prime location that boasts both generous outdoor space and practical parking options—definitely worth viewing.

Investment Analysis

(ME8 area)

Above Market Value

This property is priced +62.0% above area average per sq ft

+62.0%
This Property
£578/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£302
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£271,596
10% above area average per sq ft
Potential ROI
-36.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (ME8)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 1.1%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on ME8 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

Lakewood Drive, Wigmore, Gillingham ME8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE