# 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

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.

## 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 |
|------|------|------|------|------|
| 5 Bed Terraced House, Canterbury St, ME7 | £1,995/mo | 5 | 0.59 miles | OpenRent |

**Average rent: £1,995/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 266% (strong)
- **Max investor price (0.8%):** £249,375
- **Target investor price (1%):** £199,500

*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 £1,995/mo).*

- **Gross yield:** 3192%
- **Monthly cashflow:** £1,768/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9752%

*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:** -12.9%

## 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)