Worst House on the Street Logo
Octave Terrace, Queen Street, Gillingham SP8 - Image 1
Octave Terrace, Queen Street, Gillingham SP8 - Image 2
Octave Terrace, Queen Street, Gillingham SP8 - Image 3

Octave Terrace, Queen Street, Gillingham SP8

South West

£160,000
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
958 sqft

Description

This two-bedroom mid-terraced Victorian house presents a valuable opportunity for those looking to invest in a property with renovation potential. Conveniently situated within walking distance to the town centre and mainline train station (Exeter-London/Waterloo), this home retains many original features such as fireplaces and floorboards, which add character and charm. While the property requires modernisation throughout, it offers ample space arranged over two floors. The ground floor includes a welcoming entrance hall leading to a cozy living room with an original brick fireplace, a dining room with a similar feature and sash window, and a kitchen equipped with Shaker-style units. Off the kitchen is a utility area housing the boiler and plumbing for laundry appliances. The first floor accommodates two spacious double bedrooms and a family bathroom fitted with essential amenities. Outside, the small front garden is low maintenance, while the rear garden features a lawn, patio area, greenhouse, and shed. With gas central heating and double glazing already in place, this house is primed for someone to put their personal stamp on it, making it an excellent investment opportunity in the South West.

Investment Analysis

(SP8 area)

Below Market Value

This property is priced -46.3% below area average per sq ft

-46.3%
Potential saving
This Property
£167/sq ft
Area Average
£311/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£327,890
10% above area average per sq ft
Potential ROI
+77.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SP8)

Area prices are rising by +12.3% over the last 12 months
3 year growth: +2.8%
5 year growth: +12.5%
Investment Disclaimer: Analysis based on SP8 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

Octave Terrace, Queen Street, Gillingham SP8
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£567
Based on a loan of £120,000 over 30 years at 3.91% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Finance for Buy-to-Let, Bridging & Development