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4 bedroom end of terrace house for sale
Wickham Street, Rochester, Kent, ME1
£370,000
Wickham Street, Rochester, Kent, ME1
£370,000
Our Summary
- Property Overview Pure Investor is delighted to present a rare and lucrative investment opportunity - a mixed-use freehold property comprising both a spacious four-bedroom residential house and a self-contained commercial unit, each with long-term tenants already in place
- Situated in the popular and well-connected area of Wickham Street, Rochester, this property offers dual rental streams, excellent yield potential, and strong prospects for future capital growth
- ________________________________________ Accommodation Breakdown Residential Unit - 2 Wickham Street * Well-proportioned 4-bedroom terraced house * Spacious attic with conversion potential (STPP) * Large basement ideal for storage or further development * Private garage * Separate access * Tenancy in place at £1,360pcm as of August 2025 * Annual income: £16,320 Commercial Unit - 4 Wickham Street * Ground floor retail/commercial premises * Currently let to a dog grooming business * Approved usage: A1 (Retail) and A2 (Professional Services) * Long-standing commercial tenant * Let at £705pcm as of June 2025 * Annual income: £8,460 * Independent entrance from residential unit ________________________________________ Investment Summary Income Stream Monthly Rent Annual Rent Residential Tenancy £1,360 £16,320 Commercial Tenancy £705 £8,460 Total Gross Income £24,780 * Asking Price: £370,000 * Gross Yield: 6
Description
This mixed-use freehold property in Wickham Street, Rochester, offers a rare investment opportunity with dual rental streams. The property comprises a four-bedroom residential house with a long-term tenant paying £1,360 per month, and a self-contained commercial unit, currently let to a dog grooming business, generating £705 per month. The property has a total gross income of £24,780 per year, with a gross yield of 6.7%. The asking price is £370,000, making it a low-maintenance, ready-to-go investment with no void period. The property benefits from its location in a vibrant and well-established area, with easy access to Rochester High Street, train station, and major roads. With a freehold title and no service charges or ground rent, this property presents an attractive opportunity for investors seeking a stable and lucrative investment in the Rochester area.