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Magdalen Close, Hempstead, Gillingham, Kent ME7

South East

£600,000

Listed on 12/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1776 sqft

Description

Located in the desirable Magdalen Close area of Hempstead, this distinctive detached bungalow sits on a spacious corner plot, providing considerable outdoor space along with privacy. With approximately 1,776 sq ft of living space, this home has been adapted from its original three-bedroom layout to offer two generously sized bedrooms, though it can easily revert back to three if desired. The principal bedroom stands out with its ensuite bathroom, separate washroom, and walk-in wardrobe. While the interiors boast fresh carpets throughout that give it a move-in-ready ambiance, there is ample potential for modernisation or expansion, depending on planning approvals. The double garage features an electric up-and-over door and additional parking possibilities, enhancing convenience. With a wrap-around garden ripe for landscaping or development opportunities and no onward chain (pending probate), this property presents an excellent investment prospect in a well-connected and family-friendly neighbourhood.

Investment Analysis

(ME7 area)

Above Market Value

This property is priced +12.5% above area average per sq ft

+12.5%
This Property
£338/sq ft
Area Average
£300/sq ft
Avg Rent (weekly)
£284
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£586,861
10% above area average per sq ft
Potential ROI
-8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME7)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +2.0%
5 year growth: +13.2%
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

Magdalen Close, Hempstead, Gillingham, Kent ME7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£2,141
Based on a loan of £450,000 over 30 years at 3.97% 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

Price History

-7.7% since listed
£600,000£50,000(-7.7%)
26/04/2026
Current price
£650,000Initial listing
12/04/2026

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