Hamond Hill, Chatham, Kent

Attractive HMO Investment Opportunity

Address: 3 Hamond Hill, Chatham, ME4 6AP
Property Type: 8-Bedroom HMO, 5 Bathrooms (3 Ensuite)
Year Converted: 2000
Tenant Type: Working Professionals

Investment Overview

Located in Chatham, one of Kent's most dynamic and evolving towns, this 8-bedroom HMO represents a lucrative opportunity for property investors. Chatham is a key area within the Medway Towns, benefiting from substantial regeneration projects that are transforming the town into a hub of economic and residential growth. The property’s proximity to local employment hubs, universities, and transport links ensures consistent tenant demand, making it an ideal investment for those seeking strong and steady rental returns.

Prime Location and Tenant Demand

Chatham is home to major employers, including the University of Kent and University of Greenwich, which attract both students and professionals to the area. The town also benefits from its strategic location near London, allowing easy access to the capital’s employment market and cultural offerings. The Chatham Design Code, a comprehensive regeneration initiative, is further enhancing the town’s appeal by improving infrastructure, public spaces, and amenities.

The property is well-situated to attract tenants, offering convenient access to Chatham’s railway station, bus station, and local amenities such as the Pentagon Shopping Centre, Historic Dockyard Chatham, and nearby Dockside Outlet Centre. These factors make the property highly appealing to professionals and students alike.

Financial Summary

Income Breakdown (Monthly):

Room 1: £600.00
Room 1 A: £530.00
Room 2: £545.00
Room 3: £500.00
Room 4: £565.00
Room 5: £630.00
Room 6: £495.00
Room 7: £565.00

Total Monthly Income: £4,430.00

Annual Income: £53,160.00

Expenditure Breakdown (Monthly):

Gas and Electric: £164.06
Water: £39.50
Council Tax: £252.86
TV License: £14.13
Broadband: £43.48
Cleaner: £127.60
Management: Self-Managed

Total Monthly Expenditure: £641.63

Annual Expenditure: £7,699.56

Net Annual Income: £45,460.44

Yields:

Gross Yield: 10.42% (calculated as Annual Income / Sale Price)

Net Yield: 8.91% (calculated as Net Annual Income / Sale Price)

Commentary:

The property at 3 Hamond Hill, Chatham generates an annual income of £53,160.00, resulting in a gross yield of 10.42% offering a rare combination of high rental yields, minimal operating costs, and growth potential due to the town’s regeneration efforts. This strong yield performance highlights the property as a solid investment opportunity with predictable income and manageable operating costs. This property is perfect for those seeking predictable returns in a location with long-term value appreciation potential.

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