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Bingham Road, Rochester, Kent. ME2

South East

£200,000

Listed on 06/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
821 sqft

Description

Located in a central area that offers convenience with close proximity to the High Street and Strood Train Station, this two-bedroom mid-terrace house is an excellent prospect for buyers interested in a renovation project. The property features a functional layout with two spacious double bedrooms and a bathroom on the upper level, while the ground floor includes two sizable reception rooms that can be adapted for different living needs. A generous rear garden adds further appeal, making it suitable for those desiring outdoor space. Although sold as seen, the home provides significant potential for modernization and personalization. This can attract first-time buyers eager to embark on their home ownership journey or investors looking for an opportunity to enhance value through refurbishment. With direct rail links to St Pancras within approximately 33 minutes, this location is also ideal for commuters seeking efficient transport options. The property will be sold without forward chain, ensuring a straightforward purchase process. It's crucial for prospective buyers to consider necessary repairs, including potential damp issues and upgrades to electrical systems. Interested parties are encouraged to perform surveys at their own cost to assess required works thoroughly. This is a promising blank canvas in an advantageous setting that affords numerous possibilities for improvement.

Investment analysis

(ME2 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£244/sq ft
Area Average
£348/sq ft
Avg Rent (weekly)
£304
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,505
10% above area average per sq ft
Potential ROI
+31.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (ME2)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -0.7%
5 year growth: +12.6%
Investment Disclaimer: Analysis based on ME2 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

Bingham Road, Rochester, Kent. ME2
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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
£756
Based on a loan of £150,000 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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