From
£90,000
1 bed flat for saleRailway Street, Gillingham, Kent ME7
1 bed
1 bath
1 reception
EPC Rating: D
About this property
Being Sold by goto Online Auction
Modern Method of Auction
Buy It Now option available
56 working day Reservation Period
Non-refundable buyer's fees apply
Approx. 657 sq. Ft. Of living space
Allocated parking space included
108 years and 6 months remaining on the lease
Ground rent: £100 per annum
Service charge: £780 per annum
• Starting Bids from £90,000
• Buy It Now option available
Located on the ever-convenient Railway Street in Gillingham, this spacious and characterful one-bedroom loft-style apartment offers approximately 657 sq. Ft. Of well-proportioned accommodation, making it an excellent choice for first-time buyers, commuters, or buy-to-let investors.
Situated on the third floor, the apartment enjoys a unique loft-style feel with generous living space and plenty of character. The attractive external appearance of the building adds to its appeal, while the property also benefits from an allocated parking space for added convenience.
The property is offered with approximately 108 years remaining on the lease, with an annual ground rent of £100 and a service charge of £780 per annum. Access is via stairs to the third floor, as the building does not have a lift.
Key terms
This property is being offered for sale by the Modern Method of Auction. The successful buyer will have 56 working days to exchange and complete (the Reservation Period), allowing time to arrange mortgage finance where required.
If you are the successful bidder, you'll enter into a Reservation Agreement and pay a non-refundable Buyer's Premium. This secures the property, removes it from the market and helps provide greater certainty for both buyer and seller.
This property is subject to an undisclosed Reserve Price, which is typically no more than 10% above the Starting Bid.
For more information, please contact the agent or visit goto Online Auctions.
Auctioneer's Comments
The successful buyer will be required to pay the below non-refundable fees:
• Buyer's Premium: 3.6% of the purchase price plus VAT (subject to a minimum of £6,600 including VAT)
• Legal Pack Fee: £396.00 including VAT
The Buyer's Premium is payable in addition to the purchase price and may be taken into account when calculating Stamp Duty Land Tax (sdlt).
Material information:
If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding. Neither goto Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it. Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
Entrance Hall (3' 0" x 17' 1" (0.91m x 5.2m))
Entry door to side. Electric heater. Carpet.
Lounge (15' 7" x 18' 4" (4.76m x 5.59m))
Double glazed Velux window to front. Secondary glazed window to front. Two storage heaters. Laminate flooring.
Kitchen (11' 10" x 10' 0" (3.61m x 3.04m))
Double glazed window to rear. Range of wall and base units with worktop over. Integrated oven and hob. Space for appliances. Extractor fan. Space for appliances. Laminate flooring.
Bedroom One (10' 6" x 14' 9" (3.2m x 4.5m))
Double glazed window to rear. Built in storage. Storage heater. Carpet.
Bathroom (8' 8" x 10' 0" (2.63m x 3.04m))
Doble glazed Velux window to side.Low level WC. Vanity wash hand basin. Tiled walls. Shower enclosure. Storage cupboard. Laminate flooring. Heated towel rail.
Parking
One allocated parking space to the rear.
Mortgage calculator
£450 per month
70+ lenders and 10,000+ products
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (108 years)
Service charge
£780 per year
Council tax band
A
Ground rent
£100
Ground rent date of next review



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