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2 bedroom flat for sale
26 Otter Springs, Gillingham, Dorset SP8 4GX
£78,000
26 Otter Springs, Gillingham, Dorset SP8 4GX
£78,000
Our Summary
- This property remains available and open to offers following the auction on 29 May 2025
- Scope for rental increase where estimated current rental value is in the region of £800 pcm / £9,600 per annum
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 24
Description
This modern 2nd-floor apartment in a purpose-built block is available for sale at a guide price of 40% under normal market value. The property is located in a popular residential area with good local amenities and transport links, and offers two bedrooms, allocated parking, and communal gardens. The apartment is currently let at £625 per month, with an estimated current rental value of £800 per month. The property benefits from electric heating, UPVC double glazing, and a secure entry door. The communal gardens are mainly laid to lawn with stocked flower beds, and the property also has one allocated parking space. The apartment is being sold on a leasehold basis with 125 years remaining on the lease, and the ground rent and service charge are £125 per annum and £1,433 per annum respectively.