2 bedroom Flat in Gillingham

26 Otter Springs, Gillingham, Dorset SP8 4GX
  • Lot No: 179
  • Property Type: Flat
  • Contract Type: Unconditional with Variable Fee

Guide Price* £78,000+ plus fees

Property Description

A modern 2nd/ Top floor apartment in a purpose built block. Situated in a popular residential location with a good range of local amenities and excellent transport links. Offering two bedrooms, allocated parking and communal gardens. Electric heating and UPVC double glazing. The property is offered let on an assured shorthold tenancy. Currently let at £625 pcm / £7500 per annum. Scope for rental increase where estimated current rental value is in the region of £800 pcm / £9,600 per annum. Situated in a great letting location where demand far outweighs supply. An excellent addition to any buy to let portfolio with an income from day one and a guide price of 40% under normal market value.

Communal Hallway

With secure entry door.


Reception Hallway

With electric heater and a storage cupboard.


Lounge / Diner 15ft 2 x 12ft 11 ( 4.62m x 3.94m )

The lounge has two double glazed windows to the front of the property and a double glazed window to the side of the property. It has a TV point, two electric heaters and laminate flooring.


Kitchen 9ft 2 x 8ft 9 ( 2.79m x 2.67m )

The part tiled kitchen has two double glazed windows to the rear of the property. It has an electric hob, two electric ovens, a sink and drainer, space for a washing machine and fridge freezer and tiled flooring.


Bedroom 1 12ft 3 max x 11ft max ( 3.73m max x 3.35m max )

The first bedroom has two double glazed windows to the front of the property. It has an electric heater and carpeted flooring.


Bedroom 2 8ft 10 x 8ft 9 ( 2.69m x 2.67m )

The second bedroom has two double glazed windows to the rear of the property. It has an electric heater and carpeted flooring.


Bathroom

The part tiled bathroom has a double glazed, frosted window to the rear of the property. It has a WC, a wash hand basin, a bath with an overhead shower, an extractor fan, an airing cupboard and tiled flooring.


Outside

Communal gardens which are mainly laid to lawn with stocked flower beds,


Parking

The property benefits from one allocated parking space.


Leasehold Information

125 years from 1 January 2005. We have been informed that the ground rent is £125 per annum and the service charge is £1,433 per annum. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Mobile Phone Coverage

O2, EE, Three and Vodafone are available in this location.


Satellite and Cable TV Availability

BT and Sky are available in this location.


Broadband (estimated speeds)

Standard 14 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.


Construction Material

Cavity wall, as built, insulated (assumed). Information taken from EPC.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. 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). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 24th April 2025

Venue National Property Auction
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.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

26 Otter Springs, Gillingham, Dorset SP8 4GX