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117 Castle Road, Chatham, Kent, Kent ME4 - Image 1
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117 Castle Road, Chatham, Kent, Kent ME4

South East

£85,000Guide Price

Listed on 18/06/2026

Property details

Bedrooms
2
Type
Terraced
Area
574 sqft

Description

This vacant freehold two-bedroom terrace house presents a substantial opportunity for refurbishment and value enhancement. Situated in a convenient location in Chatham, Kent, the property is ideally suited for investors or developers looking to modernise a well-placed residential property. The internal layout includes two reception rooms and a fitted kitchen on the ground floor, alongside two bedrooms and a family bathroom upstairs. The home requires significant updating throughout, offering considerable potential to optimise its accommodation and future worth. Externally, the property features a rear garden that provides valuable outdoor space, ripe for landscaping and enhancement. Local amenities are readily accessible, with Chatham town centre boasting shops, supermarkets, cafés, and restaurants. Transport links are excellent too; Chatham Railway Station offers frequent services to London, including high-speed options to St Pancras. With easy access to the A2 and M2 motorways, this property is particularly appealing for those commuting or exploring nearby Maidstone, Rochester, Canterbury, and beyond. Offered at auction with an opportunity to make prior offers through our website, this property is one not to miss for those looking to invest in a promising project.

Investment analysis

(ME4 area)

Below Market Value

This property is priced -51.9% below area average per sq ft

-51.9%
Potential saving
This Property
£148/sq ft
Area Average
£308/sq ft
Avg Rent (weekly)
£299
Avg Yield
6.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£194,503
10% above area average per sq ft
Potential ROI
+44.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (ME4)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -6.4%
5 year growth: +4.6%
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

117 Castle Road, Chatham, Kent, Kent ME4
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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
£321
Based on a loan of £63,750 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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