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Skinner Street, Gillingham, Kent ME7 - Image 1
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Skinner Street, Gillingham, Kent ME7

South East

£199,995
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

Located in the central area of Gillingham, this mid-terrace home provides a noteworthy opportunity for cash investors looking to capitalize on the potential for renovation. The property spans two levels and features flexible living arrangements; the ground floor includes two reception rooms that can be easily reconfigured for both living and dining purposes, making it suitable for future tenants. While the existing kitchen is no longer functional, there is ample space that could be utilized to install a modern kitchen and possibly add a bathroom on the ground floor, enhancing the property's usability. The upper floor accommodates two spacious double bedrooms with plenty of natural light, which can be revitalized to boost their appeal. Outside, a rear garden of approximately 30 ft offers private outdoor space that can be transformed into an inviting retreat. This property not only represents a promising investment with anticipated rental returns of around £1,300 per month post-renovation but also benefits from its prime location near Gillingham Railway Station, offering swift access into London—ideal for commuters. Local amenities including shops and cafes are conveniently accessible, further enhancing its investment value.

Investment Analysis

(ME7 area)
Area Average
£300/sq ft
Avg Rent (weekly)
£273
Avg Yield
5.2%

Renovation Potential

Medium 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
51
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +3.6% over the last 12 months
3 year growth: +2.0%
5 year growth: +16.0%
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

Skinner Street, Gillingham, Kent ME7
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£708
Based on a loan of £149,996 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.

Stamp Duty Calculator

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