For sale Commercial Property

119 WATLING STREET

GILLINGHAM, MEDWAY ME7 2YX

1 baths Listed 13 Jul 2026 (-8d)

£750 pcm

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# Commercial property for rent (ME7 2YX)

## Property Details

| Key | Value |
|-----|-------|
| Address | 119 WATLING STREET, GILLINGHAM, MEDWAY ME7 2YX |
| Price | £750 pcm |
| Bathrooms | 1 |
| Last sold | £370,000 Apr 2022 |

## Description

Lease: A new lease on terms to be agreed.

Rent: £10,800 per annum exclusive of rates and service charge.

Deposit: 3 months rent deposit will be required.

Rates:  TBC

Legal Costs: The ingoing tenant to be responsible for both parties legal costs.

## Property Photos

- ![OFFICE ONE](/listings/photos/90813576/1363141) - OFFICE ONE
- ![OFFICE TWO](/listings/photos/90813576/1363142) - OFFICE TWO
- ![OFFICE THREE](/listings/photos/90813576/1363143) - OFFICE THREE
- ![KITCHEN](/listings/photos/90813576/1363144) - KITCHEN
- ![LANDING](/listings/photos/90813576/1363145) - LANDING
- ![LANDING](/listings/photos/90813576/1363146) - LANDING
- ![LANDING](/listings/photos/90813576/1363147) - LANDING
- ![WC AND SINK](/listings/photos/90813576/1363148) - WC AND SINK

## Floorplans

- ![FLOORPLAN](/listings/photos/90813576/1363149) - FLOORPLAN

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 119 WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YX | £370,000 | 29/04/2022 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 111A WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YX | £335,000 | 21/12/2022 | Terraced |
| 135A WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YY | £250,000 | 21/07/2022 | Other |
| 82 WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YW | £1,100,000 | 26/11/2021 | Other |
| 133 WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YY | £160,000 | 15/10/2021 | Other |

**Street average:** £335,000 (1 sale)
**Area average:** £503,333 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £359,994 (11 Other, ME7, 2024–2026)
- **Deviation:** -99.8%

## Rental Range

*ONS Price Index of Private Rents (Medway). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,114/mo
- **Realistic:** £1,238/mo
- **Optimistic:** £1,362/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Chelmsford (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 4 Bed Terraced House, Rainham Road, ME7 | £1,350/mo | 4 | 0.32 miles | OpenRent |
| 3 Bed Detached House, Second Avenue, ME7 | £1,800/mo | 3 | 0.33 miles | OpenRent |
| 1 Bed Flat, Kings Road, ME5 | £1,000/mo | 1 | 0.48 miles | OpenRent |
| 2 Bed Terraced House, Coronation Road, ME5 | £1,250/mo | 2 | 0.53 miles | OpenRent |
| 3 Bed End Terrace, Keston Court, ME8 | £1,695/mo | 3 | 0.57 miles | OpenRent |
| 5 Bed Terraced House, Canterbury St, ME7 | £1,995/mo | 5 | 0.59 miles | OpenRent |
| 5 Bed Terraced House, Upper Luton Road, ME5 | £3,100/mo | 5 | 0.6 miles | OpenRent |
| 3 Bed End Terrace, Louisville Avenue, ME7 | £1,750/mo | 3 | 0.63 miles | OpenRent |

**Average rent: £1,743/mo (8 listings)**

## 1% Rule

- **Rent ratio:** 229.73% (strong)
- **Max investor price (0.8%):** £215,375
- **Target investor price (1%):** £172,300

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,723/mo).*

- **Gross yield:** 2756.8%
- **Monthly cashflow:** £1,523/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8401.4%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -4%

## House Price Index (HM Land Registry)

*Official index for Medway; All dwelling types series; as of April 2026.*

- **1y growth (index):** 0.1%
- **5y growth (index):** 14.9%
- **10y growth (index):** 37%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

OFFICE ONE OFFICE TWO OFFICE THREE KITCHEN LANDING LANDING LANDING WC AND SINK

/ 8

Property details

Last sold

£370,000 Apr 2022

Local average

£359,994 (-99.8%)

Deprivation

Decile 3 (8,283 of 33,755)

Street crime

388 incidents within 1 mile (May 2026)

Key features

MODERNISED SELF CONTAINED OFFICES
THREE OFFICES
ON ROAD PARKING
PRIVATE ENTRANCE
ABOVE SEW N SEW
MAIN ROAD LOCATION
EASY VISABILITY
WC AND KITCHEN
THREE MONTHS SECURITY DEPOSIT
CALL FOR FURTHER DETAILS

Description

COMMERCIAL FIRST FLOOR AVAILABLE NOW. SELF CONTAINED UNIT ABOVE SEW N SEW IS THREE SPACIOUS OFFICES. ONE SMALL KITCHEN AND A WC. Situated on the main road of Watling Street with easy access and visibility, and on street parking. Call for further details.

Lease: A new lease on terms to be agreed.

Rent: £10,800 per annum exclusive of rates and service charge.

Deposit: 3 months rent deposit will be required.

Rates: TBC

Legal Costs: The ingoing tenant to be responsible for both parties legal costs.

Listed by

Gillingham

Century Residential Sales & Lettings

Reference: 90813576

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

FLOORPLAN

Price history

Event	Date	Price	% change
Listed for sale	—	£750	-99.8%
Sold	29/04/2022 (4 years ago)	£370,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street 111A WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YX	£335,000	21/12/2022	Terraced
135A WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YY	£250,000	21/07/2022	Other
82 WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YW	£1,100,000	26/11/2021	Other
133 WATLING STREET, GILLINGHAM, MEDWAY, ME7 2YY	£160,000	15/10/2021	Other

Street average: £335,000 (1 sale)

Area average: £503,333 (3 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -4%

House Price Index (HM Land Registry — official index, not sold-price averages): Medway. Series: All dwelling types. As of April 2026.

1y (index) 0.1%

5y (index) 14.9%

10y (index) 37%

Rental Range

Estimated market rent for Medway. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,114/mo

Realistic £1,238/mo

Optimistic £1,362/mo

Based on Local Authority from postcode lookup → Medway.

LHA (30th percentile) floor for Chelmsford: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View ME7 2YX

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Love to Bake	0.0 miles
Shop	Bowden & Lowe	0.0 miles
Bus stop	Barnsole Road Top	0.0 miles
Train station	Gillingham	1.1 miles
Train station	Fort Apache	1.6 miles
University	Unknown	1.9 miles
Hospital	The Somerfield Hospital	7.0 miles

Street-level crime

Category	Count
Violence and sexual offences	134
Anti-social behaviour	84
Criminal damage and arson	39
Other theft	28
Shoplifting	21
Public order	18
Vehicle crime	15
Burglary	14
Other crime	12
Drugs	9
Robbery	6
Possession of weapons	5
Bicycle theft	3
Total incidents	388

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
The Robert Napier School	Secondary	0.4 miles	— (Inspected (no overall grade))
Chatham Grammar	Secondary	0.5 miles	Good — 20 Jun 2018
Danecourt School	Other	0.5 miles	Good — 24 Jun 2019
Byron Primary School	Primary	0.6 miles	— (Inspected (no overall grade))
Will Adams Academy	Other	0.6 miles	Good — 3 Mar 2014

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
4 Bed Terraced House, Rainham Road, ME7	£1,350/mo	4	0.32 miles	OpenRent
3 Bed Detached House, Second Avenue, ME7	£1,800/mo	3	0.33 miles	OpenRent
1 Bed Flat, Kings Road, ME5	£1,000/mo	1	0.48 miles	OpenRent
2 Bed Terraced House, Coronation Road, ME5	£1,250/mo	2	0.53 miles	OpenRent
3 Bed End Terrace, Keston Court, ME8	£1,695/mo	3	0.57 miles	OpenRent
5 Bed Terraced House, Canterbury St, ME7	£1,995/mo	5	0.59 miles	OpenRent
5 Bed Terraced House, Upper Luton Road, ME5	£3,100/mo	5	0.6 miles	OpenRent
3 Bed End Terrace, Louisville Avenue, ME7	£1,750/mo	3	0.63 miles	OpenRent

Average rent: £1,743/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 229.73%

Max investor price (0.8%) £215,375

Target investor price (1%) £172,300

Gross yield 2756.8%

Monthly cashflow £1,523/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 8401.4%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).