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16A & 16B King Street, Gillingham, Kent - Image 1
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16A & 16B King Street, Gillingham, Kent - Image 5

16A & 16B King Street, Gillingham, Kent

South East

£180,000
Listed on 06/03/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This semi-detached freehold property in the heart of Gillingham consists of two self-contained one-bedroom flats, making it an attractive investment opportunity. Positioned conveniently near local amenities and the mainline railway station, this property boasts a strong rental potential. The first-floor flat is in good decorative condition, while the ground-floor flat presents an opportunity for refurbishment to enhance its appeal and value. Both units are equipped with gas heating systems via radiators and feature predominantly double-glazed windows. Currently, both flats are rented out under assured shorthold tenancy agreements, with Flat 16A generating a monthly income of £675 and Flat 16B at £800. The property features a communal entrance and a courtyard area outside, ideal for tenants. With some improvements on the ground floor, there is significant potential to increase rental yields and overall market value.

Investment Analysis

(ME7 area)
Area Average
£301/sq ft
Avg Rent (weekly)
£271
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ME7)

Area prices are rising by +5.1% over the last 12 months
3 year growth: +2.8%
5 year growth: +19.1%
Investment Disclaimer: Analysis based on ME7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

16A & 16B King Street, Gillingham, Kent
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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