Summary - 13 ALBANY TERRACE CHATHAM ME4 6TH
6 bed 4 bath Terraced
Income-producing Victorian HMO with self-contained apartment and off-road parking.
Approx. £54,000 gross annual rental income
A solid income-producing Victorian mid-terrace configured as a six-bedroom HMO with a self-contained lower-ground apartment. The property currently produces approximately £54,000 gross per annum, sits on a freehold title and benefits from an HMO licence renewed in August 2025 and valid for the next five years — offering immediate lettable income and continued compliant operation.
The layout spreads over four floors: a private lower-ground apartment with garden access (suitable as an owner/manager unit or extra rental), ground-floor bedrooms, a first-floor communal kitchen/reception, and two top-floor bedrooms each with en-suite facilities. Off-street parking to the rear and an EPC C rating add practical appeal for tenants and managers. Fast rail links to London and a range of local amenities make the location attractive to young professionals, students and sharers.
Be aware of clear drawbacks: the property sits in a very deprived area with very high crime levels, which will affect tenant mix, management costs and insurance. The building is Victorian with assumed solid brick walls and no built-in insulation; double glazing dates from before 2002, so further energy upgrades may be required to improve efficiency and long-term running costs. Routine HMO management, possible periodic refurbishments and neighbourhood challenges should be factored into yield calculations.
For an investor seeking an operational HMO with immediate income and scope for performance improvement through energy upgrades and selective refurbishment, this property offers both a reliable cashflow and clear value-add opportunities. Financial modelling should include higher management, void and security costs given local area indicators.
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