Property Details

3 bedroom ground floor maisonette for sale For Sale

Lumsden Road, Eastney, Portsmouth, England, PO4 9LP, United Kingdom

£155,000

ROI = 14% BMV = 25.38%

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Description

PROPERTY DESCRIPTION We are delighted to present this expansive three-bedroom ground-floor maisonette, situated in a serene locale, boasting breathtaking views of the Lock Lake. This property is an exceptional investment opportunity, offering an impressive 9.29% gross yield, or vacant possession and is available with no forward chain. Key features include a UPVC double-glazed front door opening into an entrance hall with a spacious under-stairs recess ideal for a study, a generous kitchen/dining room, and a separate lounge. The first floor comprises three bedrooms: a master and guest bedroom, both doubles with fitted storage, and a third single bedroom. The family bathroom completes the internal accommodation. A standout feature of this property is the stunning views over Lock Lake, which can be enjoyed from both the master bedroom and the third bedroom. With a current rental income of £1200 per month until May 2025, this property ensures a remarkable 9.60% gross yield, making it a fantastic investment. Additionally, residents' permit parking is available, subject to successful application. Lease Details: 125-year lease from 2007 (109 years remaining) Ground Rent: £200 p.a. Service Charges: Approximately £1364 p.a. Do not miss out on this unique opportunity to own a prime piece of real estate with superb returns and stunning vistas.

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