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Otway Street, Gillingham ME7 - Image 1
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Otway Street, Gillingham ME7

South East

£190,000
Listed on 15/01/2026

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace property presents a promising renovation opportunity in a serene residential area of Gillingham. With proximity to essential amenities and Mainline Railway Station, this home is ideally situated for both investors and first-time buyers looking to transform it into a warm family residence. The efficient layout includes a lounge with a UPVC front door and double-glazed windows, which offers potential for modern updates. The kitchen, while functional with gas hob and integrated electric oven, could benefit from contemporary finishes. The ground floor bathroom features essential amenities but may require refurbishment for improved comfort. Both bedrooms are well-sized, boasting built-in storage to maximize space. The rear garden stretches approximately 52ft, providing ample outdoor space that can be enhanced for relaxation or entertainment purposes.

Investment Analysis

(ME7 area)
Area Average
£302/sq ft
Avg Rent (weekly)
£283
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 3.5%
5 year growth: 20.5%
Investment Disclaimer: Analysis based on ME7 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

Otway Street, Gillingham ME7
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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
£696
Based on a loan of £142,500 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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