Waterloo Road, Gillingham, Kent

6 6 1

£475,000 Guide Price House of multiple occupation for sale

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Description

This modern, high-spec, fully compliant 6-bedroom HMO—featuring six bathrooms with five ensuite rooms—offers a compelling investment opportunity in a prime Gillingham location. Tenanted by working professionals, the property generates £54,780 in annual rental income, delivering a strong gross yield of 11.53% with stable occupancy and reliable cash flow. Finished to a high standard throughout, the property is ideally situated close to Medway Hospital, local universities, and major employers, ensuring consistent tenant demand from professionals and key workers. Excellent transport connectivity via high-speed rail services to London in under an hour, together with easy access to the M2 and A2, further enhances its commuter appeal. Supported by ongoing Medway waterfront, housing, and university-led regeneration projects, this asset represents a resilient, high-performing investment with excellent long-term growth potential in one of Kent’s fastest-growing rental markets.

Committed Sale Process

This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.

If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.

Full details of the Committed Sale process are available within the legal pack or from the HMO X team.

Gross Yield: 11.53%

Income Breakdown (Monthly):

Room 1: £780 Room 2: £750 Room 3: £750 Room 4: £830 Room 5: £625 Room 6: £830 Total Monthly Income: £4,565.00 Total Annual Income: £54,780.00

Expenditure Breakdown (Monthly):

Gas: £64 Electric: £117 Water: £198 Council Tax: £178 TV Licence: £14 Broadband: £36 Cleaner: £240 Management (14.4%): £657 Insurance: £55 Total Monthly Expenditure: £1,559.00 Total Annual Expenditure: £18,709.00

Investment Performance:

Net Annual Income: £36,071.00 Gross Yield: 11.53% Net Yield: 7.59%

Reference: XFG-14405142

Area Description

No area description is available for this property.

Additional Details

Bedrooms: 6 Bedrooms
Bathrooms: 6 Bathrooms
Receptions: 1 Reception
Ensuites: 5 Ensuites
Kitchens: 1 Kitchen
Dining Rooms: 1 Dining Room
Tenure: Freehold
Rights and Easements: Article 4 Area
Risks: Ask Agent

Broadband Speeds

Download: 15mbps - 5500mbps
Upload: 1mbps - 5500mbps

Estimated broadband speeds provided by Ofcom for this property's postcode.

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Features

Property Layout – 6 bed, 6 bath (5 ensuite) HMO, modern, high-spec and fully compliant
Tenant Type – Tenanted by working professionals, ensuring reliable rental income
Strategic Location – Prime Gillingham location close to Medway Hospital, universities and key employers
Transport & Connectivity – High-speed rail to London in under an hour, plus easy M2/A2 access
Regeneration Benefits – Medway waterfront, housing and university-led regeneration driving tenant demand
High Rental Income & Strong Yield – Gross annual income £54,780 delivering 11.53% yield

Enquiry

To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.