1 bedroom flat for sale

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1 bedroom flat for sale

Gillingham ME7
£159,997

Price History

Initial price £169,995
30/07/24 £159,997
Price Change -5.88%

Description

This top-floor 1-bedroom apartment in the Victory Pier development, built by Berkeley Homes, offers a fantastic opportunity for a buy-to-let investment or addition to an existing portfolio. With its high-quality construction and stunning river views, the property has been well-maintained by tenants and is already generating a 5.03% rental yield. The lease has 986 years remaining, and the service charge is £1,672 per year, with a ground rent of £200 per year. The current tenant is happy to stay, making it a hassle-free investment opportunity. With potential to increase the rent to 5.35%, this property is a great choice for those looking to generate a steady income from their investment.