This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£140,000
2 bedroom Flat for sale, St. Andrews Road, Southsea, Hampshire, PO5
Features and Description
- Two bedrooms
- Rental income of £12k PA
- 7.7% Gross Yield
- Central Southsea Location
- Freehold Property
- Permit Parking On-Road
- Local Amenities
For sale is a neutrally decorated flat, located in the sought-after location of Central Southsea. This property is conveniently situated near local amenities and public transport links, making it an ideal investment opportunity.
The property features a total of two bedrooms, one reception room, and a kitchen. The first bedroom is a generously sized double room with built-in wardrobes providing ample storage. The second bedroom is a comfortable single room, offering the potential for use as a home office or guest room. There is one well-sized reception room, providing a great space to relax and entertain guests.
This property presents a noteworthy investment opportunity, currently achieving a rental income of £12,000 per annum, with a gross rental yield of 7.7%. It also benefits from permit parking on the road.
Ideal for investors, this flat represents a potential addition to a thriving property portfolio. We invite you to book a viewing to fully appreciate the potential this property has to offer.
Another great benefit is the Freehold available to purchase separately.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
St. Andrews Road, Southsea, Hampshire, PO5
Additional Information
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Property refSSE240642
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TenureLeasehold
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Lease length94 years
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Ground Rent£100
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Ground Rent ReviewContact the branch
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Service ChargeContact the branch
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Your Move Estate Agents Southsea
Your Move Southsea
21 Marmion Road, Southsea, Portsmouth, PO5 2AT
Mon - Fri09:00 - 18:00Saturday09:00 - 16:00SundayClosed
Disabled access available
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Borrowing £126,000 and repaying over 25 years with a 2.5% interest rate.
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