Summary - 1 RIVER STREET GILLINGHAM ME7 5RJ
6 bed 2 bath End of Terrace
Chain-free investment close to Medway university campuses with garage parking.
Licensed six-bedroom HMO producing £2,820 pcm inclusive of bills
A six-bedroom end-of-terrace presented as a licensed HMO and sold chain-free — a ready-made income asset in a student-favoured part of Gillingham. The property has been let successfully for over 20 years and is currently producing £2,820 pcm (inclusive of bills), making it immediately cash-flowing for a landlord or investor.
Arranged over three floors with 1,365 sq ft of accommodation, the layout includes a living room and kitchen/dining room on the ground floor, three bedrooms and a bathroom on the first floor, and three further bedrooms with a shower room and an extra WC on the second floor. The house benefits from recent renovation, gas central heating, double glazing, freehold tenure and a private garage with an additional parking space to the rear.
Location is a clear strength: within easy reach of the Medway university campuses and local colleges, the area attracts a steady pool of student tenants. Practical details — licensed HMO status, inclusive-bills rental history, and chain-free sale — reduce transactional friction for a buyer focused on rental continuity.
Notable considerations: the plot and overall property size are modest, and the neighbourhood records above-average crime levels, factors to weigh against rental returns. Council Tax is band D, and whilst the property is newly renovated, buyers should still budget for ongoing HMO management, routine maintenance and compliance checks to maintain licensing and occupancy standards.
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