2-bedroom flat · ME7 5EH
Listing removedReduced £100 (−8.3%) on 20 JunListed 151 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer this stunning second floor apartment, situated within a development of similar properties on the corner of Saxton Street and Paget Street, Gillingham.
The apartment is ideally placed for Medway Maritime Hospital and Gillingham Town Centre where you will find an array of shops, cafes, pubs etc.
Also boasting a mainline railway station with fast commuter services into London Victoria and High Speed links to St Pancras/Kings Cross.
Nearby is the historic Great Lines Recreational Area and War Memorial, Medway Park Sports Complex, Historic Chatham Dockyard and dockside where you will find many restaurants, cafes, bars, cinema complex and high street name shops.
Step inside this apartment to discover a newly redecorated and carpeted interior complete with fitted kitchen with built in appliances, superb open plan lounge area, two bedrooms with the master having an en suite shower room and a family bathroom.
The property also offers secure car parking within the building, therefore offering the perfect blend of style, comfort and accessibility.
Also nearby are well-regarded schools including Byron Road Primary School, Robert Napier Academy, Brompton Academy, St Marys Catholic Primary School and Rainham Mark Grammar School, not forgetting Chatham Grammar School - all within easy access of this property.
Call our Lettings Team today for your earliest appointment to view. Available Early July 2026. Unfurnished. Security deposit - £1384. Holding fee - £276.
Medway Council Tax Band - B Kitchen/Lounge (7.2 x 6.2 (23'7" x 20'4")) Bedroom One (3.5 x 3.5 (11'5" x 11'5")) En Suite Shower Room (2.9 x 1.2 (9'6" x 3'11")) Bedroom Two (4.5 x 3.3 (14'9" x 10'9")) Bathroom (3.1 x 1.8 (10'2" x 5'10"))
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 6, St. Margarets, Saxton Street, Gillingham
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