2-bedroom flat · SP8 4AD
Listing removedReduced £3k (−2.3%) on 20 JunListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroom 1st floor apartment conveniently located just off the town centre within the sought after Barnaby Mill development.
The property benefits from electric heating, double glazing, security entrance system, private allocated parking space and visitors parking and riverside communal gardens.
Age restriction of 55+ years.
EPC Band: C Description A well presented two bedroom 1st floor apartment within the sought after Barnaby Mill development, set in a convenient location close to the town centre, amenities and mainline train station (Exeter - Waterloo).
The accommodation comprises of:- Communal Entrance Hall with security entry phone, stairs or lift to:- Entrance hall with two built in storage cupboards and an airing cupboard housing the water tank; a well equipped fitted kitchen (2 years old) fitted with a range of floor and wall units including an AEG electric oven & microwave, AEG induction hob with cooker hood above, fridge/freezer, dish washer, spotlights and vinyl flooring; a good sized lounge/dining room with door to Juliette balcony; the main bedroom has an attractive bay window and built in double wardrobes; a further bedroom with double glazed rear window.
To complete the layout is a shower room fitted with a white suite comprising:- double width shower, pedestal wash basin, low level WC, electric radiator/towel rail, wall mounted convector heater and extractor fan.
The property benefits from electric heating, double glazing, security entrance system, private allocated parking space and visitors parking, riverside communal gardens.
There is use of lounge area and laundry room. Guest suite is available at an extra cost. A house manager is available Monday - Friday with support careline after hours.
Outside:- Communal riverside gardens which are laid to lawn with trees and shrubberies. There is a private parking space available to the rear of the development.
Visitors parking spaces are also available.
***Age restriction of 55+ years*** Location Gillingham offers a good range of facilities including 2 doctors surgeries, dentists, 2 chemists, 7 supermarkets to include Waitrose, building society, library, 3 primary schools and well renown secondary school, post office, sports centre, public houses and a selection of restaurants and country town amenities.
There is good access to the A303 and a mainline railway station on the London/Waterloo to Exeter line. Additional Information Services: Mains Water (Meter) Electricity & Drainage.
Council Authority: Dorset Council - Council Tax Band: C Caution: Nb All services and fittings mentioned in these particulars have not been tested and hence we cannot confirm that they are in working order.
Agent's notes:- Fitted carpets, curtains and blinds are included in the sale. Lease details:- 125 years from 25th December 1992. End date 25th December 2117. Ground rent:- approx.
£175.00 per annum and increases by this amount every 25th year. Maintenance charge:- Paid half yearly approx. £2400.00.
Age Restriction:- 55 years of age minimum although if a couple, the younger may be 45 years old or older provided the elder is 55 years of age or more.
Energy Performance Certificate: Rated: C ~ View at
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 11, Barnaby Mill, Gillingham
Explore nearby