ROI = 8% BMV = 6.78%
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Description
PROPERTY DESCRIPTION We are delighted to present this well-maintained 2-bedroom ground floor flat in the vibrant city of Portsmouth, offered with no forward chain. Currently tenanted, this property is ideal for investors, providing immediate rental income with tenants in situ paying £850pcm(5.51% gross yield), or with vacant possession. The flat benefits from modern conveniences, including double glazing, gas central heating, and an allocated off-street parking space. It falls under Council Tax Band B. As a leasehold property, it comes with 129 years remaining on the lease (150 years from 2003), a ground rent of £100 per year, and a service charge of £149 per month. The spacious interior includes a bright living room, a fitted kitchen, 2 bedrooms, and 2 bathrooms(one en-suite) and two storage cupboards. Outside there is an allocated parking space, bike storage, communal garden and several visitor parking bays. Situated in a sought-after area, the property is close to an array of local amenities such as shops, supermarkets, restaurants, and pubs. It also offers excellent transport links via the M27, A3, and Fratton train station.
Find out MoreProperty Details
- Property ID: 152675483
- Added On: 2024-09-20
- Deal Type: For Sale
- Property Price: £185,000
- Bedrooms: 2
- Bathrooms: 1.00
Amenities
- No Forward Chain
- Quiet CUL-DE-SAC
- Ground Floor
- Allocated Off-Road Parking
- Two Bathrooms
- Bike Storage
- Communal Garden
- Long Lease
