£90,000

   

ROI = 17% BMV = 13.09%
Description

Welcome to Portsmouth Road! This spacious one-bedroom maisonette has so much to offer, making it an excellent choice for homeowners and investors alike. Featuring a generous 15ft lounge/diner, a shared garden, and allocated parking, this property is also chain free for a hassle-free purchase. Inside, you'll find an inviting entrance hall with loft access, a bright and airy lounge/diner, and a double bedroom with a fitted wardrobe. The modern fitted kitchen, with dual-aspect windows, provides a lovely view of the communal garden, while the bathroom boasts stylish tiling and a separate WC for added convenience. Outside, the low-maintenance communal garden leads to a hardstanding area with an allocated parking space. Access to the property is via a private road off Woodley Road, ensuring added privacy. Additional benefits include gas central heating, a 102-year lease, no service charges, and a low ground rent of just £50 per year. Investors will be pleased to note an impressive rental yield of over 10%, with the property currently achieving £775 PCM. Location Situated in the heart of Woolston's main shopping precinct, Portsmouth Road is conveniently positioned only 0.2 miles from the Woolston Train Station and Crest Nicholson's well-designed development of Centenary Quay. The lively landmark is home to a selection of drinking & eating establishments, beauty salon, library, 24/7 gym and other facilities in the immediate area. Although you can spend most days relaxing by the river or seeking the sun on the nearby pebble beach (Weston Shore), the fast-paced city of Southampton is just a stone's throw away where you can enjoy a hearty meal in a traditional English pub or treat yourself to some fine dining in a Michelin star restaurant in Ocean Village. Southampton is home to West Quay, one of the south's biggest shopping destinations. Approach Access is via a private road to the rear which leads to a hard standing area for parking.  Entrance Hall Textured finish to coved ceiling, door to side elevation, radiator, doors to: Lounge 15' 8" (4.78m) x 11' 11" (3.63m): Textured finish to coved ceiling, double glazed window to front elevation, radiator. Kitchen Smooth finish to coved ceiling, windows to side and rear elevation, range of matching wall base and drawer units with roll top work surface over, sink and drainer inset, space for appliances, wall mounted combi boiler, radiator. Bedroom 12' 3" (3.73m) x 11' (3.35m): Textured finish to coved ceiling, double glazed window to side elevation, built in wardrobe, radiator. Bathroom Textured finish to ceiling, window to side elevation, panel enclosed bath with shower over, vanity wash hand basin, radiator, tiled floor to ceiling. WC Textured finish to coved ceiling, window to side elevation, low level WC, radiator. Outside A shared garden which is fence enclosed and laid with hard standing. An external staircase leads to the front door. Follow us on Instagram @fieldpalmer for 'coming soon' property alerts, exclusive appraisals, reviews and video tours.  Listed as available by OFCOM, Toob, Virgin Media, Open Reach, Standard, Superfast, Ultrafast. TV aerial available Mobile Signal: listed as available by OFCOM, or, Limited to EE, Three, O2, Vodafone Utilities: Mains supplied Services Mains Gas Mains Electricity Mains Water  Mains Drainage  Please Note: Field Palmer have not tested any of the services or appliances at this property. Council Tax Band Band A Seller's Position No Forward Chain  Offer Check Procedure If you are considering making an offer for this property and require a mortgage, our clients will require confirmation of your status. We have therefore adopted an Offer Check Procedure which involves our Financial Advisor verifying your position.

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Property Details
  • Property ID: 157897784
  • Added On: 2025-02-06
  • Deal Type: For Sale
  • Property Price: £90,000
  • Bedrooms: 1
  • Bathrooms: 1.00
Amenities
  • One Double Bedroom
  • First Floor Maisonette
  • Communal Garden
  • Allocated Parking To Rear
  • Fitted Kitchen
  • 15'11" Lounge/Diner
  • Cash Buyers Only
  • Yield over 10%
  • Gas Central Heating
  • Follow Us on Instagram @fieldpalmer