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£650,000
Bedrooms
Bathrooms
Step inside via the secure communal entrance with intercom to a welcoming hallway, an impressive 7 metres in length, with a built-in utility cupboard.
The main bedroom has a whole wall of fitted wardrobes and a newly refitted en-suite shower room with step-free walk-in enclosure, stylish tiling, and fitted storage. The second bedroom is also a generous double with more wardrobes, and has direct access into the Jack & Jill bathroom. This bathroom has also been refitted, complete with feature pink tiling, fitted vanity unit, and a wider-than-average bath, with shower over, for improved mobility.
The living room is a large, square, dual-aspect space with plenty of room for both lounge and dining furniture. A south-facing bay window floods the room with light, and a feature fireplace adds a focal point. Glazed double doors open into the kitchen, which has also been enhanced with a new induction hob, ceramic sink, fresh tiling, and additional sockets. White wall and base units are paired with light wood-style worktops. Integrated appliances include dishwasher, washer/dryer, fridge/freezer, oven, microwave and theres even a larder cupboard with shelving, light and power.
From here, double doors lead out to a private patio area, perfect for enjoying the sunshine or a morning coffee.
Bishopstoke Park is one of Hampshires most sought-after retirement villages, exclusively for the over 65s. Residents enjoy access to a wealth of facilities including a swimming pool, spa, gym, restaurant, bar, library, snooker room and landscaped grounds. 16 Gilman Court occupies a lovely ground floor position with the benefit of its own private patio, while the wider village community offers a full calendar of activities and events. Local shops and amenities in Bishopstoke and Eastleigh are within easy reach, with good transport links into Southampton and Winchester.
Refurbished to a truly impressive standard, this is arare opportunity to secure one of the finest homes available for sale in Bishopstoke Park.
Key Notes:
This is a probate sale. We await the grant of probate which will be required prior to exchange of contracts.
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 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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