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£675,000
Bedrooms
Bathrooms
Apartment 21 Gilman Court offers rare scale, light, and flexibility - set within the peaceful Bishopstoke Park retirement village for the over 65s. Measuring an impressive 1440 square feet, this dual aspect, top-floor home is ideal for those downsizing in square footage but not in lifestyle.
The bright and spacious living/dining room benefits from windows on two sides, with access to two separate balconies. The south-facing balcony is perfect for catching the sun, while the second offers open views towards Breach Lane, giving you options for both morning and afternoon outdoor relaxation.
Just off the dining space is a smart grey shaker-style kitchen, fitted with a generous range of cupboards and integrated appliances including an oven, microwave, dishwasher and fridge-freezer - everything you need to feel right at home.
The master bedroom is a real retreat - large and dual aspect, with a range of fitted wardrobes and a stylish en-suite shower room. The second bedroom enjoys east-facing views over the care home gardens and features a walk-in wardrobe and its own bathroom with over-bath shower and Velux window, perfect for guests or a live-in companion.
The welcoming entrance hall is wide and light-filled thanks to a Velux roof window and even offers space for a desk. Two handy storage cupboards are joined by a separate utility room housing the washer-dryer and room for cleaning essentials.
The apartment features neutral carpets, underfloor heating, and quality window dressings - which can be included in the sale. Energy-efficient and move-in ready, this is a standout property offering comfort, space and style in equal measure.
Residents of Bishopstoke Park benefit from outstanding on-site amenities including a wellness centre with gym, pool, spa and salon, plus a restaurant, bar, village shop and full activities programme. Optional care and housekeeping services are available to support your lifestyle both now and in the future.
Key Facts
There is an age restriction at this development, at least one of the residents must be over 65 years of age. Lease: 125 years from 1st Jan 2017 (approx. 117 years remaining) We are advised that the annual ground rent is 500.00 (doubling on each successive 25 years of the term.). The service charge is 690.44 per month for the financial year 01/04/25- 31/03/26. Anchor selects utilities centrally for the benefit of all residents. Residents receive a monthly statement showing their metered consumption for water, heating and electricity and are payable by monthly direct debit. There is a deferred sinking fund contribution upon sale of 4% of the sale price. Bishopstoke Park is situated just 3 miles from Southampton Airport, and while this provides convenient access to travel, residents may occasionally notice some background aircraft noise. Parking permits are available.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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