£425,000
Park Avenue, Gillingham, Kent, ME7
Overlooking the picturesque Gillingham Park, this substantial 6-bedroom semi-detached period home offers a unique opportunity for those seeking a renovation project. Arranged over three floors with the added benefit of a cellar, the property boasts impressive proportions and endless potential to create your dream home.
Located just 0.73 miles from Gillingham Train Station, the house offers both character and convenience. Featuring a driveway and being sold with no chain, it presents a rare chance to restore a historic property to its former glory. Please note, this home is being sold on a possessory title and is in need of complete renovation. Contact us today to explore the possibilities of this incredible property!
A possessory title is a legal title for land in England and Wales that's granted when the Land Registry doesn't have all the necessary documentation to award an absolute title:
*The original title deeds have been lost, destroyed, or stolen
*The land has been claimed by someone else
*The owner claims to have acquired the land through adverse possession.
Possessory titles are rare, but they can be challenged by anyone who believes they have a better claim to the property. This includes:
*Third parties who stake a claim on the land
*Third-party rights or covenants that may have been in the original deeds
If you're the registered owner of a property with a possessory title, you can apply to have your title upgraded after 12 years. You don't need to provide any additional evidence, just the fact that the property has been registered for 12 years without challenge.
If you're planning to purchase a property with a possessory title, you can consider getting possessory title indemnity insurance. This insurance can cover the cost of:
*Loss of market value
*Costs incurred if you have to surrender to the claimant
*Compliance with any demands or court injunctions made
*Demolition or building works
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