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8 bedroom house of multiple occupation for sale
Flat 98-100 High Street, Gillingham, Kent
£465,000
Flat 98-100 High Street, Gillingham, Kent
£465,000
Our Summary
- Attractive HMO Investment Opportunity Address: Flat 98-100 High Street, Gillingham, ME7 1AX Property Type: 8-Bed HMO | 6 Bathrooms (4 Ensuite) | Kitchen & Dining Facilities Tenant Type: Fully Tenanted by Working Professionals Prime Investment Location Gillingham, part of the Medway Towns in Kent, presents an excellent investment opportunity due to its growing economy, affordability, and increasing tenant demand
- 88 / Sale Price) Conclusion The 8-bed HMO at Flat 98-100 High Street, Gillingham presents a compelling investment opportunity with high rental yields, strong tenant demand, and excellent long-term growth potential
Description
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Here is a summary of the property description in a single paragraph:
This attractive 8-bed HMO investment opportunity is located in Gillingham, Kent, a town with a growing economy and increasing tenant demand. The property is fully tenanted by working professionals and benefits from a prime location with excellent transport connections. The property generates a total monthly income of £4,865 and a gross annual income of £58,380, with a net annual income of £41,249.88 after expenses. The property offers a gross yield of 12.55% and a net yield of 8.87%, making it a compelling investment opportunity with high rental yields and strong long-term growth potential. The town's ongoing regeneration projects and affordable housing make it a high-demand area for rental properties, and the property's central location and excellent transport links make it an attractive option for investors seeking a secure and profitable asset.