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2 bedroom flat for sale
26 Otter Springs, Gillingham, Dorset SP8 4GX
£85,000
26 Otter Springs, Gillingham, Dorset SP8 4GX
£85,000
Our Summary
- For sale on 27 March 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- 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)
Description
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Here is a summary of the property description in a single paragraph:
A modern 2nd-floor apartment in a purpose-built block is being sold at auction with a guide price over 30% under normal market value. The property is located in a popular residential area with good amenities and transport links, and offers two bedrooms, allocated parking, and communal gardens. The apartment is currently let on an assured shorthold tenancy at £625 per month, with scope for a rental increase to an estimated £800 per month. The property benefits from electric heating, UPVC double glazing, and is available with a 125-year leasehold. The auction will be held online with live auctioneers, and bidders can register to participate by proxy, online, or by phone.