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The Ridgeway, Gillingham ME7

South East

£230,000

Listed on 24/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
839 sqft

Description

This three-bedroom semi-detached home, dating back to the 1930s, presents a promising opportunity for renovation in a sought-after area of Gillingham. With no onward chain, the property is ready for a new owner to introduce their vision. The home features off-street parking and a generously sized rear garden, which could be further enhanced for family use or potential landscaping projects. Inside, the layout comprises an inviting lounge, a separate dining area, and a compact kitchen on the ground floor. Upstairs, you'll find three bedrooms along with a family bathroom. While the overall condition indicates that updates are needed throughout, the spacious rooms and classic design offer ample scope for modern improvements and personal touches. This property’s location provides easy access to Gillingham town centre, making it convenient for local shopping, amenities, and transport options—ideal for families or investors looking to tap into the area’s potential.

Investment Analysis

(ME7 area)

Below Market Value

This property is priced -8.7% below area average per sq ft

-8.7%
Potential saving
This Property
£274/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£287
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£277,239
10% above area average per sq ft
Potential ROI
+2.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (ME7)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +0.8%
5 year growth: +12.2%
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

The Ridgeway, Gillingham ME7
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Mortgage Calculator

£
£
£
%
%
years

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.

Stamp Duty Calculator

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