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40 Melbourne Road, Chatham ME4 - Image 1

40 Melbourne Road, Chatham ME4

South East

£90,000
Listed on 06/03/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This freehold terrace house presents a significant opportunity for renovation, located conveniently near Chatham Town Centre and local transport links including Chatham Train Station. The property comprises two floors with a layout that includes three rooms on the first floor, while the ground floor features a living room, dining room, and an unfitted kitchen along with a shower/WC area that also requires installation. A cellar provides additional space for potential use, and there is a garden at the rear that could be transformed into an outdoor retreat. Currently vacant, this house is ideal for investors looking to craft a modern family home or rental property in the South East. While it requires substantial updates, the investment potential in this desirable location makes it worth exploring.

Investment Analysis

(ME4 area)
Area Average
£313/sq ft
Avg Rent (weekly)
£290
Avg Yield
6.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (ME4)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -3.7%
5 year growth: +8.9%
Investment Disclaimer: Analysis based on ME4 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

40 Melbourne Road, Chatham ME4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£325
Based on a loan of £67,500 over 30 years at 4.06% 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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