£295,000
1 bed terraced house for saleCanterbury Street, Gillingham ME7
1 bed
2 baths
3 receptions
EPC Rating: C
About this property
Apartment
City Centre
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
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.
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£1,475 per month
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