Main image of 3 bedroom Mid Terrace House for sale, Westcourt Street, Gillingham, Kent, ME7
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£340,000 Guide price

3 bedroom Mid Terrace House for sale,
Westcourt Street, Gillingham, Kent, ME7

Vikki Gadd Branch Manager
Vikki Gadd
Multi Branch Manager
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Features and Description

FOR SALE VIA MODERN METHOD OF AUCTION

STARTING BID £340,000

An excellent and rare mixed use investment opportunity comprising a first floor two bedroom flat, a ground floor one bedroom flat, and a ground floor commercial unit, providing opportunity for multiple income streams.

The residential accommodation is well configured and appeals to strong tenant demand. The first floor two bedroom flat offers well proportioned living space ideal for sharers or families, while the ground floor one bedroom flat is perfectly suited to single or professional tenants. Together, they support consistent occupancy and reliable rental income.

The commercial unit benefits from prominent street frontage, enhancing income security and long term investment appeal.

The property delivers an estimated gross yield of approximately 9-10%, as a fully occupied unit. With further scope to increase returns through rental growth or reconfiguration. Subject to the relevant planning permissions and HMO licensing, there is potential to convert the accommodation into an HMO, offering a clear value add opportunity.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Westcourt Street, Gillingham, Kent, ME7

Additional Information

  • Property ref
    GIL260003
  • EPC
    E
  • Tenure
    Freehold
  • Council Tax
    C
  • Local authority
    Medway Council
Vikki Gadd Branch Manager
Vikki Gadd
Multi Branch Manager

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Your Move Estate Agents Gillingham

Gillingham Branch Manager
Your Move Gillingham
117 High Street, Gillingham, ME7 1AG
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Borrowing £306,000 and repaying over 25 years with a 2.5% interest rate.

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.

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Energy Efficiency Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

50

Potential

64

CO2 Rating

Very energy efficient - lower running costs

(92 plus) A
(81 - 91) B
(69 - 80) C
(55 - 68) D
(39 - 54) E
(21 - 38) F
(1 - 20) G

Not energy efficient - higher running costs

Current

N/A

Potential

N/A