2-bedroom flat · SP8 4GX
Listing removedListed 218 days
Opportunity summary
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About
Calling all first time buyers or investors! A fantastic opportunity to acquire a well-presented two-bedroom second floor apartment with a tenant already in situ, providing immediate rental income.
Built in the mid-2000s and situated in a popular residential area of Gillingham, the property offers a spacious lounge/diner, a well-equipped kitchen, a family bathroom, and two generously sized bedrooms.
Conveniently located close to local amenities including schools, shops, cafés and a leisure centre, as well as excellent transport links with a mainline train station offering direct routes to London Waterloo.
The Property A fantastic opportunity to acquire a well-presented two-bedroom ground floor apartment, offered with a tenant in situ and providing immediate rental income from day one.
Built in the mid-2000s and set within a popular residential area of Gillingham, the property boasts a spacious and light-filled lounge/diner, a well-appointed kitchen, a modern family bathroom, and two generously proportioned double bedrooms.
Further benefits include available parking, making it an attractive and low-maintenance investment.
The Location Set in the heart of North Dorset’s beautiful Blackmore Vale, Gillingham is a historic market town with Saxon origins and royal connections, once home to King John’s hunting lodge.
Today, Gillingham offers a warm and welcoming community, blending traditional character with modern living.
The town provides a good range of supermarkets, independent shops and well-regarded local schools, with respected independent schools also within easy reach.
Residents benefit from excellent local amenities including healthcare services, sports clubs, a library and a modern leisure centre.
Gillingham is well connected, with direct rail services to London and Exeter, while the nearby A30 and A303 provide convenient road links.
Surrounded by countryside yet close to everyday amenities, this location offers a peaceful setting within walking distance of the town centre and all that Gillingham has to offer.
Additional Information Additional Information Services: Mains water, electricity, and drainage.
Local Authority: Dorset Council Council Tax Band: B Energy Performance Certificate (EPC): Rating Please Note: All services, systems, and appliances listed in these particulars have not been tested, and therefore we cannot guarantee they are in working order.
Lease term:125 years (104 remaining) Ground rent:£125 a year Service charge:£1,200 a year
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 22, Otter Springs, Gillingham
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