Gillingham Road, Gillingham
RE

Gillingham Road, Gillingham

By Red Door Homes

£ 175,000

Reviews

2 out of 5 stars

Red Door Homes says ..

**TENANT IN SITU** **POTENTIAL YIELD 7.89%** **FANTASTIC INVESTMENT** This is a fantastic investment opportunity to buy a property with a longstanding tenant in situ. There is scope to make this even better too, with a potential yield of 7.89%. The property is in a building of 2 flats. Th...

Property Oracle says ..

This two-bedroom property located on Gillingham Road in Gillingham, Kent, is currently listed for £175,000. The property’s proximity to Gillingham train station and well-regarded primary schools presents a positive aspect for potential buyers. However, the property requires some attention. The images reveal that the property is cluttered and in need of modernisation and refurbishment. The bathrooms show some signs of wear and tear. The small rear yard offers limited outdoor space. The lack of precise square footage for the plot and the mixed condition of the nearby properties makes a conclusive price per square foot analysis impossible. While the price appears reasonable, potential buyers must factor in the costs of renovation and any necessary repairs. The property’s suitability would depend on whether the potential buyer plans to undertake significant refurbishment, or if they are an investor and can cover renovation costs. There is an opportunity for added value through improvements, making this a potentially worthwhile investment for those with the time and resources for renovation. The property is conveniently located and is close to vital transport links and schools which are crucial for families. However, the property’s current condition is a significant factor to consider before purchasing.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
6
Land
2
Bedrooms
2
Bathrooms
1
Sqft (est)
778.23
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Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
353,081.00 £
Unchanged by 0.00 %
from 353,081.00 £
Est sale value
284,053.95 £
Unchanged by 0.00 %
from 284,053.95 £
Average area rental value
1,320.00 £/mo
Unchanged by 0.00 %
from 1,320.00 £/mo
Est letting value
778.23 £/mo
Unchanged by 0.00 %
from 778.23 £/mo
Est rental Yield
4.49 %
Unchanged by 0.00 %
from 4.49 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Red Door Homes created the listing.

Nearby Schools

NameTypeOfstedDistance
St Mary'S Catholic Primary SchoolVoluntary Aided SchoolGood0.32 KM
Barnsole Primary SchoolAcademy Converter0.35 KM
The Gfc SchoolOther Independent SchoolGood0.54 KM
Saxon Way Primary SchoolAcademy Sponsor LedGood0.56 KM
Saxon Way Primary School And Children'S CentreChildren's Centre0.56 KM

Images

Photo 1 Photo 2 Photo 9 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 10

Nearby Streets

NameAverage PriceAverage SqftDistance
Redfern Avenue £ 300,00000.00 KM
GB38 £ 000.00 KM
School Avenue £ 000.00 KM
Toronto Road £ 000.00 KM
Cleveland Road £ 232,75000.00 KM

Nearby Transport

NameNLCTLCDistance
Gillingham (Kent)5169GLM0.84 KM
Chatham5199CTM4.06 KM
Rochester5203RTR5.21 KM
Rainham (Kent)5177RAI6.35 KM
Strood (Kent)5191SOO6.44 KM

Nearby Listings

AddressPriceTypeScoreDistance
Gillingham Road, Gillingham £ 175,000BUY5 / 100.00 KM
Gillingham Road, Gillingham £ 175,000BUY4 / 100.00 KM
Gillingham Road, Gillingham, Kent, ME7 £ 220,000BUYUnknown0.04 KM
Gillingham Road, Gillingham, Kent £ 290,000BUY5 / 100.05 KM
Gillingham Road, Gillingham, ME7 £ 260,000BUYUnknown0.06 KM

Nearby Properties

AddressPriceDistance
285 Gillingham Road £ 62,0000.01 KM
279b Gillingham Road £ 126,0000.01 KM
291 Gillingham Road £ 120,0000.02 KM
291b Gillingham Road £ 115,0000.02 KM
289 Gillingham Road £ 100,0000.02 KM