Flat for sale

Offers in region of £359,995

Interested in this property? Call 023 9388 0125 (local rate) or Arrange viewing

Property features

  • BLOCK OF 3 SELF CONTAINED FLATS
  • LOCATED CENTRALLY IN CASTLE ROAD
  • MINUTES FROM SEAFRONT AND SHOPS
  • GOOD INCOME/INVESTMENT OPORTUNITY
  • DG & GCH
  • 2 PARKING SPACES

Property description

Bernards Estate Agents are delighted to offer for sale this prime investment opportunity in the central location of Southsea. In brief they comprise of two x one bedroom & one x two bedroom flats. All come with double glazing & gas central heating, security intercom system & there are also two off road parking spaces available. The property currently brings in £1650.00 pcm on a monthly basis - all tenants are there on Assured Shorthold Tenancies These flats would be an ideal investment opportunity with the freehold included & viewing is recommended.

Ground floor flat 1 £625
With cellar. Door into entrance hall with doors leading off to:-

Lounge


Double glazed bay window to front aspect, radiator, power points & fireplace.

Bedroom one


Double glazed window to side aspect, radiator & power points.

Bedroom two


Double glazed window to side aspect, radiator & power points.

Kitchen


Double glazed window to side with door to rear aspect, range of fitted wall & base units incorporating rolled edge work surfaces with cupboard & drawer space below, sink/drainer unit with mixer taps over, space & plumbing for washing machine, space for fridge/freezer & space for cooker.

Bathroom


Double glazed window to rear aspect, three piece suite comprising of panel enclosed bath with mixer taps over, pedestal wash hand basin & low level WC.
Flat 2 1ST floor £475
Door into entrance hall with doors leading off to:-

Lounge


Double glazed bay window to front aspect, radiator & power points.

Bedroom


Double glazed window to side aspect, radiator & power points.

Kitchen


Fitted range of wall & base units incorporating rolled edge work surfaces with cupboard & drawer space below, sink/drainer unit with mixer taps over, space for washing machine, cooker & fridge/freezer, power points.

Bathroom


Double glazed window to rear aspect, three piece suite comprising of enclosed shower, pedestal wash hand basin & low level WC, tiling to principal areas.

Top floor flat 3 - £550


Door into entrance hall with doors leading off into:-

Lounge


Double glazed window to front aspect, radiator & power points.

Bedroom


Double glazed window to side aspect, radiator & power points.

Kitchen


Double glazed window to side aspect, range of fitted wall & base unit incorporating rolled edge work surfaces with cupboard & drawer space below, sink/drainer unit with mixer taps over, spaces for washing machine, cooker & fridge/freezer & power points.

Bathroom


Three piece suite comprising of panel enclosed bath with shower attachment, pedestal wash hand basin & low level WC, tiling to principal areas.

Further information
all have gas central heating


All are of good proportions with stable tenants (landlord advises)


Two parking spaces to the rear of the building


Current rental income £19, 740 pa, but there is scope for increase
the building is situated close to local amenities, sea front and old portsmouth

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For more information about this property, please contact
Bernards Estate Agents, PO5 on 023 9388 0125 (local rate)

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Similar properties for sale nearby

13 more properties like this

This flat, located in Castle Road, Southsea, Hants PO5 is listed for sale for £359,995 . The current asking price is 125% higher than the average current value for properties on Castle Road which is £160,345. There have been 6 property sales on Castle Road in the last 3 years, with sold house prices averaging £171,333.

View all Castle Road property for sale

PO5 Zed-Index What is the Zed-Index
£169,768 £403,772 £298,353 £196,916 £128,582

stats for 
Value change
£1,197 (-0.70%) £8,359 (-4.69%) £3,232 (-1.87%) £7,902 (-4.45%) £4,859 (2.95%) £20,068 (-10.57%) £16,734 (-8.97%)
from 
Avg. price paid: £175,383
No. of property sales: 240
Avg. price paid: £169,844
No. of property sales: 864
Avg. price paid: £172,043
No. of property sales: 1,966
Avg. price paid: £167,249
No. of property sales: 3,396

Avg. asking price in PO5: £220,882
No. of properties for sale in PO5: 175
Avg. asking rent in PO5: £961 pcm
No. of properties to rent in PO5: 228

Property value data/graphs for PO5

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £403,772 £194 4.8 £420,000
Semi-detached £298,353 £210 4.2 £331,031
Terraced £196,916 £198 3.3 £200,861
Flats £128,582 £218 1.8 £126,454

Current asking prices in PO5

Avg. current asking prices in PO5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £133,500
(2)
£183,426
(7)
£326,248
(8)
£332,497
(20)
£487,989
(10)
Flats £86,895
(40)
£149,055
(71)
£156,667
(3)
£379,950
(1)
-
All £89,114
(42)
£152,140
(78)
£279,999
(11)
£334,757
(21)
£487,989
(10)

Current asking rents in PO5

Avg. current asking prices in PO5
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £379 pcm
(8)
£666 pcm
(5)
£1,074 pcm
(23)
£1,204 pcm
(51)
£1,554 pcm
(21)
Flats £522 pcm
(37)
£701 pcm
(48)
£927 pcm
(9)
£1,307 pcm
(7)
£1,477 pcm
(4)
All £496 pcm
(45)
£698 pcm
(53)
£1,033 pcm
(32)
£1,217 pcm
(58)
£1,541 pcm
(25)

Fun facts for PO5

Highest value in PO5
Highest value streets Zed-Index What is the Zed-Index
Freestone Road £463,142
Worsley Road £419,120
Brandon Road £389,100
Garden Lane £381,742
Lorne Road £371,974
Highest turnover in PO5
Highest turnover streets Turnover What is Turnover?
Netley Terrace 43.8%
Brandon Road 40.0%
Lorne Road 38.1%
Eton Road 36.4%
Britannia Road 34.3%

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