Balmoral Road, Gillingham, Kent, ME7
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
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
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. (truncated)
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
Brochures
Web DetailsFull Brochure PDF- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Balmoral Road, Gillingham, Kent, ME7
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Visit our security centre to find out moreDisclaimer - Property reference GIL250311. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Your Move, Gillingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Your Move, Gillingham on 01634 563399.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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