Property description
Calling all investors! What a perfect opportunity to add this little gem of a property to your portfolio.
The current owner has given the property a new lease of life with modern fixtures and fittings and modern kitchen and bathroom to boot.
The carpets have recently been laid and the whole flat has been re-plastered so it would be a situation of picking up a ready-made investment waiting for your tenants to move straight in.
With a potential rental income of around £700 per calendar month this property stands you in good stead to achieve a gross rental yield of 7.3%.
Situated in the heart of Portsmouth you have good bus links close by, so getting in, around and out of the City is no problem at all.
Shops for your everyday needs are just a short walk away also and there are some nice local drinking holes where you can enjoy a drink in the sunshine in one of their gardens.
Unlike many of areas in Portsmouth when you walk out the front door of the property you will find yourself on a tree lined Street, so plenty of greenery to enjoy.
What the Owner says:
We brought the apartment just over a year ago and it was in need of complete renovation.
It was purchased to restore and modernise with the intention to rent it out.
Upon completion, circumstances have changed and we are looking to invest our money closer to home.
With the rental market in Portsmouth being as good as it is, coupled with the fully upgraded, modern standard of the property, we see no problem for the next owner to find a good tenant and achieve an excellent yield.
Room sizes:
- Entrance Hall
- Kitchen/ Lounge Area: 15'4 x 9'2 (4.68m x 2.80m)
- Bedroom 1: 15'3 x 11'1 (4.65m x 3.38m)
- Bedroom 2: 12'2 x 10'10 (3.71m x 3.30m)
- Bathroom: 9'8 x 5'10 (2.95m x 1.78m)
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
Property Features :
- 2 bedroom first floor apartment
- Ideal investment opportunity
- Modern fitted kitchen & bathroom
- Spacious accommodation throughout
- No forward chain