£120,000
(£248/sq. ft)
1 bed flat for saleRichmond Road, Gillingham, Kent ME7
1 bed
1 bath
1 reception
483 sq. ft
EPC Rating: C
- Leasehold
Robinson Michael & Jackson - Rainham
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About this property
Square Footage: 483
Estimated Rental Value: £900–£950 pcm
Ideal for First-Time Buyers or Buy-to-Let Investors
0.6 miles to Gillingham Train Station
1.3 miles to Medway Maritime Hospital
1.0 mile to the University of Kent (Medway Campus)
Potential Investment Opportunity:
Option to purchase all three converted flats within the building
Freehold also available — contact us for more information
Must View – Enquire Today!
Robinson Michael & Jackson are delighted to present this well-located one-bedroom basement flat in the heart of Gillingham – a perfect opportunity for first-time buyers or buy-to-let investors.
With an estimated rental value of £900–£950 pcm, this property offers a strong potential gross yield of 9.0% – 9.5%, making it an attractive option for those seeking solid rental returns. Square footage is to be confirmed.
The location is ideal, situated just 0.6 miles from Gillingham Train Station, 1.3 miles from Medway Maritime Hospital, and 1.0 mile from the University of Kent (Medway Campus).
In addition to the flat itself, there is a rare investment opportunity to acquire all three converted flats within the building, along with the freehold—offering even greater long-term potential.
A must-view property – contact us today to arrange your appointment and enquire further about the full investment package available.
Key terms
Discover the allure of Rainham and Gillingham, nestled in the heart of the Medway Towns. These neighbouring communities offer a unique blend of tranquillity and convenience, with picturesque landscapes and excellent transport links, including direct train services to London city centre. Residents benefit from a variety of shopping destinations such as Hempstead Valley Shopping Centre and Gillingham Business Retail Park, along with a plethora of local pubs and restaurants to enjoy. Both towns boast well-respected schools, including Rainham Mark Grammar, ensuring quality education for families.
Moreover, Rainham and Gillingham provide ample open space and recreational facilities, including Capstone Country Park, Berengrave Nature Reserve, Riverside Country Park, the Planet Ice Skating Rink, the Ski & Snowboard Centre, and Great Lines Heritage Park. This abundance of amenities caters to diverse interests and lifestyles, making these towns not just places to live, but communities to thrive in.
Entrance Hall (11' 9" x 3' 4" (3.58m x 1.02m))
Double glazed door to front. Laminate flooring.
Lounge (14' 4" x 11' 2" (4.37m x 3.4m))
Double glazed bay window to front. Laminate flooring. Radiator.
Kitchen (18' 5" x 14' 8" (5.61m x 4.47m))
Double glazed window to side and rear. Range of wall and base units with worksurface over. Oven and gas hob. Space for fridge freezer and washing machine. Laminate flooring. Radiator.
Shower Room (8' 3" x 5' 8" (2.51m x 1.73m))
Double glazed window to side. Low level WC. Vanity wash hand basin. Bath with shower over. Heated towel rail. Laminate flooring.
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More information
Tenure
Leasehold (117 years)
Service charge
Council tax band
A
Ground rent
£50
Ground rent date of next review