Offers over
£159,997
1 bed flat for saleOcean Drive, Gillingham ME7
1 bed
1 bath
1 reception
EPC Rating: B
- Leasehold
Medway Premier Homes
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About this property
Ideal Investment
Currently rented out
Popular area
Wheelchair accessible
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 Hall
Double Glazed Doors to Front entry to Wi-fi Lounge and access to Gym lifts and stairs to all floors.
Entrance Hall
Solid wooden front door, entry phone laminate flooring, airing cupboard housing washing machine and immersion tank.
Lounge/Kitchen (7.92 m x 3.22 m (26'0" x 10'7"))
Double 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.
Bedroom (3.96 m x 2.61 m (13'0" x 8'7"))
Double glazed tilt & turn window, carpet electric radiator, built in double mirror wardrobe.
Bathroom (2.34 m x 1.95 m (7'8" x 6'5"))
Panel bath, with built in shower, pedestal hand wash basin, low flush w.c., tiled flooring part tiled walls
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More information
Tenure
Leasehold (996 years)
Service charge
£1,742 per year
Council tax band
Ground rent
£200
Ground rent date of next review