Offers in Excess of £159,997

1 bed apartment for sale in Ocean Drive, Gillingham, ME7 (ref: 574060)

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Key Features

  • Ideal Investment
  • Currently rented out
  • Popular area

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Are you looking for your first buy to let investment or want to add to your portfolio? Then look no further than this top floor 1 bedroom apartment in the popular Victory Pier development built by Berkeley Homes on the Gillingham waterfront. The apartment is built to a high quality and has fantastic river views, it has been well looked after by the previous and current tenants. This property as an investment is ideal as this is a very popular place to live and we have always had no problems in renting the apartment out over the years.

The property already has a happy tenant who is looking after the property.

Property information

Rental Yield of 5.03% with potential to increase to 5.35% with a rent increase

Leasehold

986 years remaining on lease

Service Charge is £1,672 per year

Ground rent is £200 per year

Get in touch today to arrange a viewing

Communal Entrance HallDouble Glazed Doors to Front entry to Wi-fi Lounge and access to Gym lifts and stairs to all floors.

Entrance hallSolid wooden front door, entry phone laminate flooring, airing cupboard housing washing machine and immersion tank.

Lounge/Kitchen7.92 m x 3.22 mDouble glazed patio doors to balcony, laminate flooring, Inset single sink unit with drainer, range of wall and base units with integrated appliances, fridge/freezer, electric hob, extractor fan and dish washer.

Bedroom3.96 m x 2.61 mDouble glazed tilt & turn window, carpet electric radiator, built in double mirror wardrobe.

Bathroom2.34 m x 1.95 mPanel bath, with built in shower, pedestal hand wash basin, low flush w.c., tiled flooring part tiled walls

What this property offers

  • Balcony
  • River Views

Stamp Duty Due

Based on a sale price of £159,997 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

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Further Details

  • Status: Available
  • Size: 484.38 sq ft (45 sq m)
  • Tenure: Leasehold
  • Tags: Balcony, River Views
  • Reference: 574060

Location