Richmond Road, Gillingham, Kent, ME7 1 bed terraced house for sale

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Richmond Road, Gillingham, Kent, ME7 1 bed terraced house for sale

Richmond Road, Gillingham, Kent, ME7
£120,000

Our Summary

  • With an estimated rental value of £900–£950 PCM, this property offers a strong potential gross yield of 9
  • In addition to the flat itself, there is a rare investment opportunity to acquire all three converted flats within the building, along with the freehold—offering even greater long-term potential
  • Potential Investment Opportunity:

Description

Robinson Michael & Jackson presents a one-bedroom basement flat in the heart of Gillingham, ideal for first-time buyers or buy-to-let investors. With an estimated rental value of £900-£950 PCM, this property offers a strong potential gross yield of 9.0%-9.5%, making it an attractive option for those seeking solid rental returns. The flat is located just 0.6 miles from Gillingham Train Station, 1.3 miles from Medway Maritime Hospital, and 1.0 mile from the University of Kent's Medway Campus. The property also offers a rare investment opportunity to acquire all three converted flats within the building, along with the freehold, providing even greater long-term potential. The location is surrounded by picturesque landscapes, excellent transport links, and a variety of shopping and recreational facilities, including schools, pubs, restaurants, and open spaces.