Richmond Road, Gillingham, ME7
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- 12.75% gross rental yield
- Tenant in situ- ready made investment
- Top floor one bedroom flat
- Long term tenant
- Convinient location for Gillingham Train Station & Town Centre
- Sale by Modern Method of Auction
Description
The property is being sold with a long-standing tenant in situ, currently paying £850 per calendar month, providing an annual rental income of £10,200. For the incoming landlord, the tenancy and rental income are already established, removing the need to purchase a vacant property and begin the search for a tenant.
Inside, the flat has a practical, well-proportioned layout. The generous reception room provides space for both relaxing and dining, while the double bedroom benefits from built-in wardrobes, providing useful storage without taking away valuable floor space. There is a separate kitchen, with the bathroom completing the accommodation with a shower over the bath.
Richmond Road is well placed for day-to-day life in Gillingham, with the town centre, shops and local amenities nearby. Gillingham railway station provides connections towards London and across Kent, while the location also gives convenient access to the wider Medway towns.
For landlords looking to add a buy-to-let property in Gillingham to their portfolio, this offers the benefit of an established tenant, existing rental income and a practical location, creating a ready-made investment from completion
This Property is Being sold by TAUK Modern Method Auction.
Modern Method Auction is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale.
A legal pack (including searches) will be created upfront and made available to any interested parties and passed to the conveyancers once a sale has been agreed. Please contact TAUK to view these documents.
When an offer is accepted, the buyer will be required to pay a non-refundable Reservation Fee of £6,875 including VAT (in addition to the final negotiated selling price), sign a Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the TAUK Team.
Disclaimer
Important information
These particulars have been prepared with reasonable care and are intended to provide a general description of the property. They do not form part of any offer or contract. Measurements, distances and floor plans are approximate and are provided for guidance only. Unless otherwise stated, services, heating systems and appliances have not been tested by the agent. Items shown in photographs are not necessarily included in the sale; inclusions should be confirmed through the conveyancing process.
Some images may have been enhanced using AI to help potential buyers visualise the property beyond the current furnishings. These images are illustrative and may not reflect the property’s current appearance.
Prospective buyers should arrange appropriate inspections, surveys and legal enquiries before committing to purchase. Please contact the agent if you require clarification of any information.
Brochures
Brochure 1- 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.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Richmond Road, Gillingham, ME7
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Visit our security centre to find out moreDisclaimer - Property reference RX843884. 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 TAUK, Covering Nationwide. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call TAUK, Covering Nationwide on 020 3910 6171.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*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.