Maisonette For Sale Kent Road, Southsea | NEXA Properties
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Sold

Ground Floor Maisonette, Kent Road, Southsea

Asking Price Of £175,000
3Beds
1Baths
Property ID: 103284002817

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.

Brochure & Floor Plans

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maisonette for sale kent road
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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.

Brochure & Floor Plans

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
Contact

Agent Information

Darrell Manchip

Mobile: +44 (0) 7920423034 Email: darrell@nexaproperties.com
Darrell Manchip joined NEXA in April 2018 after spending two years overseeing the sales department of a successful independent Estate Agency in Waterlooville. Driven by the potential of our unique business model, he left the comfort of a secure position within an established company to focus on building his own personal brand within a very […]

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