Summary - 178, Richmond Road, GILLINGHAM ME7 1LX
1 bed 1 bath Terraced
**Standout Features:**
- One-bedroom basement flat in a Victorian terraced house
- Estimated rental value of £900–£950 PCM
- Strong potential gross yield of 9.0% – 9.5%
- Conveniently located: 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)
- Option to purchase all three converted flats and the freehold for greater investment potential
- Low council tax and affordable ground rent (£50)
**Property Summary:**
Unlock the potential of this charming one-bedroom basement flat in Gillingham, ideal for first-time buyers or savvy investors. This modern space features an open-plan kitchen and living area, combining comfort and functionality. With a promising rental yield and a prime location close to transport links and local amenities, this property stands out as a lucrative investment. Moreover, prospects for acquiring additional flats enhance this unique offering, making it a compelling opportunity in a growing area.
While the flat is well-appointed, be mindful of its basement location and lower ceiling height, which may not suit everyone’s preferences. However, the surrounding cosmopolitan neighborhood and access to numerous schools, parks, and shopping outlets foster a vibrant community atmosphere. Don’t miss out—this is a must-see property for anyone looking to invest in a thriving area. Contact us today to schedule your viewing and explore the investment options available before they’re gone!
2 bedroom flat for sale in Richmond Road, Gillingham, Kent, ME7 — £160,000 • 2 bed • 1 bath • 603 ft²
1 bedroom ground floor flat for sale in Richmond Road, Gillingham, Kent, ME7 — £160,000 • 1 bed • 1 bath • 420 ft²
1 bedroom house for sale in Richmond Road, Gillingham, Kent, ME7 — £130,000 • 1 bed • 1 bath • 518 ft²
3 bedroom terraced house for sale in Selbourne Road, Gillingham, Kent, ME7 — £250,000 • 3 bed • 1 bath • 958 ft²
2 bedroom terraced house for sale in Canterbury Street, Gillingham, Kent, ME7 — £250,000 • 2 bed • 2 bath • 420 ft²
3 bedroom flat for sale in Canterbury Street, Gillingham, Kent, ME7 — £170,000 • 3 bed • 1 bath • 869 ft²
