Canterbury Street, Gillingham, Medway
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold building comprising two self-contained flats
- Newly refurbished one-bedroom ground floor flat
- Ground floor flat offered with vacant possession
- Two-bedroom first floor flat currently let at £1,250 PCM
- Separate utility supplies to both flats
- Private garden area for each flat
- Immediate rental income with further letting potential
- Convenient location close to town centre and station
- Ideal buy-to-let investment or owner-occupier opportunity
Description
Phoenix Property Services are delighted to offer this excellent freehold investment opportunity comprising two self-contained flats in a convenient and popular residential location close to Gillingham town centre and mainline railway station.
The property consists of a newly refurbished one-bedroom ground floor flat, offered with vacant possession, and a two-bedroom first floor flat currently let on an Assured Shorthold Tenancy producing £1,250 per calendar month, providing an immediate rental income from completion.
The ground floor flat has recently undergone refurbishment and offers well-presented accommodation throughout, making it ideal for an investor seeking to maximise rental returns or a purchaser wishing to occupy one flat whilst benefiting from income from the other.
Both flats benefit from their own private garden areas and have separate utility supplies, simplifying management and tenant billing.
Located within easy reach of local shops, schools, Medway Maritime Hospital, Gillingham High Street and the mainline railway station, the property is ideally positioned for commuters and tenants alike.
Key Features
Freehold building comprising two self-contained flats
Newly refurbished one-bedroom ground floor flat
Ground floor flat offered with vacant possession
Two-bedroom first floor flat currently let at £1,250 PCM
Separate utility supplies to both flats
Private garden area for each flat
EPC Rating C (Ground Floor Flat)
EPC Rating E (First Floor Flat)
Immediate rental income with further letting potential
Convenient location close to town centre and station
Ideal buy-to-let investment or owner-occupier opportunity
Investment Potential
The existing first floor tenancy generates £15,000 per annum. Subject to market conditions, the vacant ground floor flat offers the opportunity to generate additional rental income, creating an attractive overall yield for investors.
Viewing is highly recommended to fully appreciate the accommodation and investment potential on offer.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
Canterbury Street, Gillingham, Medway
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About Phoenix Property Services, Gillingham
54 Watling Street, Gillingham, Kent, ME7 2YN
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Visit our security centre to find out moreDisclaimer - Property reference 1222. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Phoenix Property Services, Gillingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.