Maisonette For Sale Kent Road, Southsea
Description
Darrell Manchip at NEXA Properties is pleased to introduce this three bedroom maisonette for sale in Kent Road, Southsea. Featuring a private South-Facing patio garden, this property has been a successful student investment for many years and currently achieves £1250pcm providing a 7.8% gross income and circa 6.75% net income (potential for uplift with refurbishment.) Benefiting from three double bedrooms and a generous living space, this property will undoubtedly be popular with investors and should be viewed at your earliest convenience.
LOUNGE 20′ 11" x 9′ 7" (6.38m x 2.92m)
KITCHEN 10′ 1" x 9′ 6" (3.07m x 2.9m)
BEDROOM ONE 13′ 6" x 9′ 2" (4.11m x 2.79m)
BEDROOM TWO 11′ 7" x 9′ 1" (3.53m x 2.77m)
BEDROOM THREE 9′ 11" x 9′ 11" (3.02m x 3.02m)
STORAGE 10′ 0" x 5′ 8" (3.05m x 1.73m) Accessed via Bedroom Three.
BATHROOM
SHARE OF FREEHOLD £65pcm paid into a sink-fund which currently sits at circa £10,000.
CURRENT AST Tenants in situ from 10th September 2021 until 9th August 2022.
£1250pcm including gas, water, electric and wifi.
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Description
Darrell Manchip at NEXA Properties is pleased to introduce this three bedroom maisonette for sale in Kent Road, Southsea. Featuring a private South-Facing patio garden, this property has been a successful student investment for many years and currently achieves £1250pcm providing a 7.8% gross income and circa 6.75% net income (potential for uplift with refurbishment.) Benefiting from three double bedrooms and a generous living space, this property will undoubtedly be popular with investors and should be viewed at your earliest convenience.
LOUNGE 20′ 11" x 9′ 7" (6.38m x 2.92m)
KITCHEN 10′ 1" x 9′ 6" (3.07m x 2.9m)
BEDROOM ONE 13′ 6" x 9′ 2" (4.11m x 2.79m)
BEDROOM TWO 11′ 7" x 9′ 1" (3.53m x 2.77m)
BEDROOM THREE 9′ 11" x 9′ 11" (3.02m x 3.02m)
STORAGE 10′ 0" x 5′ 8" (3.05m x 1.73m) Accessed via Bedroom Three.
BATHROOM
SHARE OF FREEHOLD £65pcm paid into a sink-fund which currently sits at circa £10,000.
CURRENT AST Tenants in situ from 10th September 2021 until 9th August 2022.
£1250pcm including gas, water, electric and wifi.
Additional Features
- - TENANTS IN SITU
- - £1250PCM (INC BILLS)
- - 7.8% GROSS YIELD
- - CIRCA 6.75% NET YIELD
- - THREE DOUBLE BEDROOMS
- - IDEAL STUDENT LOCATION
- - STRONG ADDITION TO INVESTMENT PORTFOLIO
- - POTENTIAL FOR RENTAL UPLIFT
- - SOUTH FACING GARDEN
- - GENEROUS LIVING SPACE
Agent Information
