Floorplan
Map1 bedroom flat for sale
Key information
Features and description
FOR SALE VIA MODERN METHOD OF AUCITON.
Start bid of £99,000 plus reservation fee.
Welcome to this a fantastic opportunity for investors looking for a well-presented one-bedroom flat in a convenient and vibrant location. This property is in good condition throughout, ready for its next owner to move in or let out with ease.
Property is being sold with tenants in situ, with the property achieving £1,00pcm. Potential for 10% or more gross rental yield.
Step inside to discover a spacious double master bedroom, providing a comfortable retreat at the end of a busy day. The open-plan reception room creates a welcoming atmosphere, perfect for relaxing or hosting guests. Adjacent, the kitchen is designed to make the most of the natural light, adding a bright and airy feel to the living space, and is well-suited for both everyday meals and entertaining.
This flat includes a modern bathroom, and with an EPC rating of C, it promises energy efficiency, helping to keep running costs down. Council tax band A adds to the affordability of this fantastic home.
The location offers excellent access to public transport links, making commuting a breeze. Families and investors alike will appreciate the proximity to nearby schools and local amenities, enhancing the appeal of this lovely flat.
Whether you're a seasoned investor seeking strong rental potential, or simply want a pied-à-terre in a lively part of Gillingham, this property ticks all the boxes. Don’t miss your chance to secure this wonderfully situated flat—contact us today to arrange a viewing for Balmoral Road and see for yourself all it has to offer.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
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 traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
GIL250311/2
Rooms
Description
FOR SALE VIA MODERN METHOD OF AUCITON.
Start bid of £99,000 plus reservation fee.
Welcome to this a fantastic opportunity for investors looking for a well-presented one-bedroom flat in a convenient and vibrant location. This property is in good condition throughout, ready for its next owner to move in or let out with ease.
Property is being sold with tenants in situ, with the property achieving £1,00pcm. Potential for 10% or more gross rental yield.
Step inside to discover a spacious double master bedroom, providing a comfortable retreat at the end of a busy day. The open-plan reception room creates a welcoming atmosphere, perfect for relaxing or hosting guests. Adjacent, the kitchen is designed to make the most of the natural light, adding a bright and airy feel to the living space, and is well-suited for both everyday meals and entertaining.
This flat includes a modern bathroom, and with an EPC rating of C, it promises energy efficiency, helping to keep running costs (truncated)
Auction Notes
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase.
We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.
Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.5% subject to a minimum of 6,000 plus VAT which secures the transaction and takes the property off the market.
The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed.
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Auctioneer comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the (truncated)
Hall
Living Room 4m x 3.8m
Kitchen 2m x 1.6m
Shower Room 2.1m x 1.6m
Bedroom 4.5m x 2.5m
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