House For Sale Fawcett Road, Southsea | NEXA Properties
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Sold STC

Mid Terraced House, Fawcett Road, Southsea

Offers In Excess Of £285,000
5Beds
1Baths
Property ID: 103284002965

Description

**SOLD OFF-MARKET**SIMILAR HMOs REQUIRED FOR HIGH DEMANDING MARKETPLACE** Darrell Manchip at NEXA Properties is delighted to introduce this five double bedroom student HMO for sale with no onward chain. Fully let at £2130pcm (£23,430 per annum), the house has tenants in situ until August 2022 and caters for multiple investment business models – most noticeably, the option to convert the loft to create additional bedrooms (subject to planning.) Call now to arrange your appointment to view.

LOUNGE 12′ 5″ x 9′ 3″ (3.78m x 2.82m)

KITCHEN 11′ 9″ x 8′ 8″ (3.58m x 2.64m)

UTILITY ROOM 9′ 4″ x 4′ 4″ (2.84m x 1.32m)

BATHROOM

DOWNSTAIRS WC

BEDROOM ONE 14′ 0″ x 10′ 9″ (4.27m x 3.28m)

BEDROOM TWO 11′ 4″ x 10′ 10″ (3.45m x 3.3m)

BEDROOM THREE 11′ 9″ x 9′ 4″ (3.58m x 2.84m)

BEDROOM FOUR 11′ 4″ x 11′ 0″ (3.45m x 3.35m)

BEDROOM FIVE 14′ 0″ x 13′ 0″ (4.27m x 3.96m)

Brochure & Floor Plans

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house for sale fawcett road
Mid Terraced House, Fawcett Road, Southsea Property value
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Description

**SOLD OFF-MARKET**SIMILAR HMOs REQUIRED FOR HIGH DEMANDING MARKETPLACE** Darrell Manchip at NEXA Properties is delighted to introduce this five double bedroom student HMO for sale with no onward chain. Fully let at £2130pcm (£23,430 per annum), the house has tenants in situ until August 2022 and caters for multiple investment business models – most noticeably, the option to convert the loft to create additional bedrooms (subject to planning.) Call now to arrange your appointment to view.

LOUNGE 12′ 5″ x 9′ 3″ (3.78m x 2.82m)

KITCHEN 11′ 9″ x 8′ 8″ (3.58m x 2.64m)

UTILITY ROOM 9′ 4″ x 4′ 4″ (2.84m x 1.32m)

BATHROOM

DOWNSTAIRS WC

BEDROOM ONE 14′ 0″ x 10′ 9″ (4.27m x 3.28m)

BEDROOM TWO 11′ 4″ x 10′ 10″ (3.45m x 3.3m)

BEDROOM THREE 11′ 9″ x 9′ 4″ (3.58m x 2.84m)

BEDROOM FOUR 11′ 4″ x 11′ 0″ (3.45m x 3.35m)

BEDROOM FIVE 14′ 0″ x 13′ 0″ (4.27m x 3.96m)

Brochure & Floor Plans

Additional Features

  • - £23,430 GROSS ANNUAL INCOME
  • - 8.52% GROSS YIELD
  • - FIVE DOUBLE BEDROOMS
  • - SUCCESSFUL STUDENT HMO
  • - UPLIFT POTENTIAL (STP)
  • - SOUGHT AFTER LOCATION
  • - TENANTS IN SITU UNTIL AUGUST 2022
  • - C4 HMO WITH PLANNING
  • - APPROX £20,000 NET ANNUAL INCOME
  • - CIRCA 7.4% NET YIELD
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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