Property Details

3 bedroom flat for sale For Sale

Portswood Road, Portswood Park, Portswood, Southampton, England, SO17 2WX, United Kingdom

£200,000

ROI = 10% BMV = 16.26%

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Description

A rare investment opportunity awaits with this spacious three-bedroom flat in the highly desirable Portswood Road area of Southampton. Ideal for investors seeking strong returns, this property offers a near 10% yield-a rare find in today's market. Property Highlights: Size & Layout: Spanning 76 square meters, this well-laid-out flat includes three generous bedrooms, making it suitable for a House in Multiple Occupation (HMO) with a licence to house up to four tenants. Lease & Costs: With a long lease of over 200 years and a low ground rent of £10 per annum, this property offers excellent long-term investment potential. The service charge is also very reasonable at £450 per annum. C4 Planning: Already in place, the C4 planning permission adds further value, making it ready to rent as an HMO immediately with no additional planning requirements. Energy Efficiency: Rated EPC D, providing energy performance that meets current standards and keeps operational costs manageable. No Chain: The property is available with no onward chain, allowing for a seamless purchase process. Location & Demand: Located in Portswood, one of Southampton's most desirable areas for students and young professionals, the flat is close to both University of Southampton campuses, public transport links, and a wide array of local amenities, including shops, restaurants, and leisure facilities. This location offers a high rental demand, ensuring minimal vacancy periods and reliable rental income. This is an exceptional investment opportunity with substantial income potential and a straightforward path to strong returns. Don't miss out on adding this rare find to your portfolio-schedule a viewing today to explore its full potential.

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