This substantial five-bedroom semi-detached property, currently operating as a House in Multiple Occupation (HMO), offers a prime investment opportunity with considerable potential for income generation. With an estimated rental yield of around £36,000 to £40,000 per year upon full occupancy, this property is well-placed for those looking to enhance their portfolio.
Arranged over multiple levels, it features five spacious bedrooms complemented by shared living spaces. The inclusion of a cellar provides extra storage space, while off-road parking is a valuable asset in this central area, appealing to prospective tenants.
While the property requires updating and modernisation, it presents an excellent chance for investors to improve its functionality and aesthetic appeal. There is also scope for reconfiguration subject to necessary planning permissions, allowing further maximization of rental returns.
With vacant possession available, this property is ready for immediate action—be it renovation, re-letting or resale—making it an attractive proposition for both investors and developers. Conveniently located near Gillingham town centre and key amenities including the mainline railway station with fast access to London and Medway Maritime Hospital, this location enhances its desirability.
