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See how verdicts work1-bedroom house · ME7 5UF
Listing removedListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freehold Investment Opportunity – Two Self-Contained Flats 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.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
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FAQ
About 76, Canterbury Street, Gillingham
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