Conventional activated sludge systems, still widely used to treat wastewater, produce large amounts of solid waste that is commonly landfilled or incinerated. This study addresses the potential use of Hydrothermal Carbonization (HTC) to valorize sewage sludge residues examining the properties of hydrochars depending on HTC process conditions and sewage sludge withdrawal point. With increasing HTC severity (process residence time and temperature), solid yield, total Chemical Oxygen Demand (COD) and solid pH decrease while ash content increases. Hydrochars produced from primary (thickened) and secondary (digested and dewatered) sludge show peculiar distinct properties. Hydrochars produced from thickened sludge show good fuel properties in terms of Higher Heating Value (HHV) and reduced ash content. However, relatively high volatile matter and O:C and H:C ratios result in thermal reactivity significantly higher than typical coals. Both series of carbonized secondary sludges show neutral pH, low COD, enhanced phosphorous content and low heavy metals concentration: as a whole, they show properties compatible with their use as soil amendments.