Summary - Gillingham Gate Road, Gillingham, Kent, ME4 ME4 4RS
2 bed 2 bath Apartment
Tenanted income apartment with balcony and strong gross yield potential.
Private balcony with unobstructed water views
Open-plan kitchen and lounge with integrated appliances
Two double bedrooms; master bedroom with en-suite shower
Currently tenanted at £1,450 pcm — tenant in situ
Leasehold: 242 years remaining (long lease)
Service charge approx £2,519; ground rent £323.98
Main heating: electric room heaters — potentially higher bills
Local area: student neighbourhood, higher crime and deprivation
A two-bedroom apartment with private balcony and direct water views, offered with a tenant in situ generating £1,450 pcm. The open-plan kitchen and lounge and contemporary finishes make the apartment easy to rent to students or young professionals drawn to nearby waterfront amenities.
For investors, the numbers are straightforward: at £265,000 with rental income of £1,450 pcm, the gross yield is approximately 6.6% per year. The property benefits from a long lease (242 years) and a B EPC, supporting rental demand and mortgageability.
Buyers should note clear running costs: an annual service charge of about £2,519 and ground rent of £323.98. Heating is by electric room heaters rather than central gas, which can mean higher energy bills. The wider neighbourhood is classified as a multicultural, student-dense area with higher-than-average crime and area deprivation—factors that affect tenant profile and resale timing.
This is a practical investment pick if you want an income-producing apartment with strong rental appeal and low lease risk. Factor in service charges, electric heating costs, and local area statistics when assessing net returns or a future owner-occupier use.
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