42 Waterloo Road, Gillingham, Kent, ME7 4SB
- Unconditional Online Sale
- Offers in Excess of : £475,000
- Bedrooms: 6
- Bathrooms: 6
- Reception Rooms: 1
Fully Licensed 6-Bed 6-Bath HMO (5 Ensuites) | £54,780 Annual Income | 11.53% Gross Yield | Prime Gillingham Location | Near Medway Hospital, Universities & Employers | Professional Tenants | Fast London Rail Links | Regeneration Area | Turnkey Investment
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.
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% |
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.
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