7 Bed HMO, Gillingham, ME7 2YQ £495,000

10 Watling Street, Gillingham, ME7 2YQ - 21 views - 8 months ago
HMO
Planning
ROI: 8%
161 m²
Property image
Property image
Property image

ValuationUndervalued

Sold Prices£225K - £770K
Sold Prices/m²£1.9K/m² - £7.7K/m²

 

 

Square Metres

161 m²
Price/m²£3.1K/m²

Value Estimate

£531,875
BMV7%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£40,700

Total Cash In

£164,450

 

 

Cash Out

 

Room Rate

£633

Gross Rent

£4,431

Running Costs/mo

£3,291

Cashflow/mo

£1,140

Cashflow/yr

£13,675

ROI

8%

Gross Yield

11%

Local Sold Prices

50 sold prices from £225K to £770K, average is £380K. £1.9K/m² to £7.7K/m², average is £3.3K/m².

Price
Date
Distance
Address
Beds
 
£360K07/230.05 mi18, Park Avenue, Gillingham, Medway ME7 4AG4
£320K11/210.1 mi29, Stuart Road, Gillingham, Medway ME7 4AB4
£418K12/240.11 mi22, Stuart Road, Gillingham ME7 4AB4
£380K10/220.14 mi47, Cleave Road, Gillingham, Medway ME7 4AX4
£470K09/210.14 mi10, Corral Close, Chatham, Medway ME5 7EQ4
£770K07/230.16 mi41, Park Avenue, Gillingham, Medway ME7 4AQ4
£320K06/210.18 mi25, Malvern Road, Gillingham, Medway ME7 4BA4
£650K08/220.27 mi218, Barnsole Road, Gillingham, Medway ME7 4JB4
£390K01/230.28 mi7, Seaton Road, Gillingham, Medway ME7 4BH4
£320K10/210.3 mi19, First Avenue, Gillingham, Medway ME7 2LH4
£440K06/230.32 mi4, Darland Avenue, Gillingham, Medway ME7 3AA4
£277.5K12/220.32 mi53, Queens Road, Chatham, Medway ME5 7JS4
£375K08/210.33 mi5, Rowland Close, Gillingham, Medway ME7 3DJ4
£420K12/240.35 mi38, Leyton Avenue, Darland, Gillingham ME7 3DB4
£225K02/250.39 mi2, Keeley Mews, Gillingham ME7 2NB4
£225K02/250.39 mi2, Keeley Mews, Gillingham ME7 2NB4
£370K01/250.39 mi230, Napier Road, Gillingham, Medway ME7 4HL4
£445K02/230.42 mi124, Third Avenue, Gillingham, Medway ME7 2LY4
£425K01/250.43 mi151, Barnsole Road, Gillingham ME7 4EE4
£450K11/240.45 mi100, First Avenue, Gillingham ME7 2LQ4
£575K01/230.47 mi79, First Avenue, Gillingham, Medway ME7 2LF4
£350K11/210.47 mi3, Rotary Gardens, Gillingham, Medway ME7 2AB4
£462.5K10/220.48 mi260, Canterbury Street, Gillingham, Medway ME7 5XR4
£402.5K01/250.49 mi74, Darland Avenue, Darland, Gillingham ME7 3AP4
£367K06/210.5 mi11, Hunters Way, Gillingham, Medway ME7 3BS4
£375K11/210.5 mi51, Alexandra Avenue, Gillingham, Medway ME7 2LP4
£585K07/230.51 mi30, Woodlands Road, Gillingham, Medway ME7 2BG4
£295K06/230.54 mi86, Barnsole Road, Gillingham, Medway ME7 4DY4
£422.5K12/240.57 mi7, Audley Avenue, Darland, Gillingham ME7 3AX4
£410K07/250.58 mi202, Windmill Road, Gillingham ME7 5PE4
£260.5K01/230.6 mi205, Sturdee Avenue, Gillingham, Medway ME7 2HH4
£326.3K09/210.6 mi127, Sturdee Avenue, Gillingham, Medway ME7 2HG4
£305K06/210.6 mi121, Sturdee Avenue, Gillingham, Medway ME7 2HG4
£320K06/210.65 mi6, Downsview, Chatham, Kent ME5 0AR4
£330K11/220.66 mi66, Napier Road, Gillingham, Medway ME7 4HD4
£390K03/230.68 mi33, Heritage Drive, Gillingham, Medway ME7 3EQ4
£407.5K06/210.71 mi8, Priory Road, Gillingham, Medway ME8 6AR4
£250K02/250.72 mi127, Luton Road, Chatham, Medway ME4 5AE4
£380K01/230.72 mi97, Luton Road, Chatham, Medway ME4 5AE4
£270K06/210.73 mi83, Broadway, Gillingham, Medway ME8 6DP4
£250K02/250.74 mi127, Luton Road, Luton, Chatham ME4 5AE4
£250K02/250.74 mi127, Luton Road, Luton, Chatham ME4 5AE4
£320K01/250.75 mi68, Canadian Avenue, Gillingham ME7 2DW4
£340K09/210.75 mi64, Canadian Avenue, Gillingham, Medway ME7 2DW4
£515K10/220.77 mi11, Embassy Close, Gillingham, Medway ME7 3EN4
£420K08/230.77 mi37, Broadway, Gillingham, Medway ME8 6BA4
£487K10/210.8 mi4, Hamelin Road, Gillingham, Medway ME7 3EX4
£520K11/220.81 mi5, Cox Gardens, Gillingham, Medway ME8 6BF4
£475K01/250.81 mi20, Chicago Avenue, Gillingham ME7 2DR4
£380K03/250.82 mi7, Hotel Road, Gillingham ME8 6AF4

Local Area Statistics

Population in ME7

51,293

Population in Gillingham

115,061

Town centre distance

1.01 miles away

Nearest school

0.30 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-64%

Sales demand

Seller's market

Capital growth (5yrs)

+21%

Property History

Price changed to £495,000

April 5, 2025

Listed for £550,000

February 24, 2025

Floor Plans

Property image

Description

  • 7 BEDROOM SEMI DETACHED +
  • ALL EN SUITE BEDROOMS +
  • PLANNING APPROVED & LICENCED 7 BEDROOM HMO +
  • POTENTIAL FOR 8 BEDROOMS SUBJECT TO PLANNING PERMISSION +
  • CELLAR +
  • LARGE REAR GARDEN +
  • CLOSE TO LOCAL SCHOOL, TRANSPORT LINKS & AMENITIES +
  • CHAIN FREE +
  • CTAX BAND: D +
  • EPC RATING: C +

Harrisons Reeve are pleased to present this rarely available seven bedroom semi detached home in Watling Street in Gillingham. Boasting generously sized bedrooms, each with its own en suite bathroom, this property is perfectly suited for investors looking to capitalise on the rental market.

One of the standout features of this residence is the expansive rear garden, offering a delightful outdoor space for leisure and recreation. Whether you envision hosting summer barbecues, cultivating a garden, or simply enjoying the fresh air, this garden is a true asset.

Located in Gillingham, the property benefits from a vibrant community and convenient access to local amenities, schools, and transport links.

Don't miss out on this superb investment opportunity, book a viewing today.

EPC Rating: C

Porch - 0.98m x 1.04m (3'2" x 3'4") -

Entrance Hall -

Bedroom 1 - 3.92m x 4.27m (12'10" x 14'0") -

Bedroom 1 En Suite - 1.18m x 2.05m (3'10" x 6'8") -

Bedroom 2 - 3.46m x 3.96m (widest points) (11'4" x 12'11" (wid -

Bedroom 2 En Suite - 2.28m x 0.70m (7'5" x 2'3") -

Kitchen - 2.45m x 3.09m (widest points) (8'0" x 10'1" (wides -

Dining Room - 3.32m x 3.41m (10'10" x 11'2") -

Landing -

Bedroom 3 - 3.50m x 2.98m (11'5" x 9'9") -

Bedroom 3 En Suite - 0.70m x 2.17m (2'3" x 7'1") -

Bedroom 4 - 2.45m x 3.19m (8'0" x 10'5") -

Bedroom 4 En Suite - 0.72m x 2.3m (2'4" x 7'6") -

Bedroom 5 - 3.31m x 3.40m (10'10" x 11'1") -

Bedroom 5 En Suite - 1.10m x 2.06m (3'7" x 6'9") -

Bedroom 6 - 3.76m x 4.20m (widest points) (12'4" x 13'9" (wide -

Bedroom 6 En Suite - 1.90m x 1.20m (6'2" x 3'11") -

Bedroom 7 - 4.80m x 5.68m (15'8" x 18'7") -

Bedroom 7 En Suite - 0.70m x 2.14m (2'3" x 7'0") -

Cellar - 5.14m x 4.23m (16'10" x 13'10") -

Garden -

Important Notice - Harrisons Reeve, their clients and any joint agents give notice that:

1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive.

2. It should not be assumed that the property has all necessary planning, building regulations or other consents and Harrisons Reeve have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise

Nb - HARRISONS REEVE recommend a panel of solicitors, including V E White And Co, Burtons Solicitors, Hawkridge and Company and Apex Law as well as the services of Henchurch Lane Financial Services, for which we may receive a referral fee of £150 plus VAT per transaction.

Agent Details

Harrisons Reeve, Rainham

01634 563441

Next Steps?

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