This is an ideal easily managed investment if you are looking to purchase your first hmo, expand your portfolio or even if you have a son or daughter attending university where you can invest and be reassured of good accommodation for your loved ones.
Purchased by the current owners off plan in 2003 the property has been consistently let since then mostly to students attending local colleges & Solent University. The current annual rent is £18,720 (£90 per person per week) which gives a gross yield of just under 6.5%. The current tenancy runs until June 2020 so a new owner would have the immediate benefit of income as these tenancies will continue even though the ownership of the property may change.
Spacious and bright, this property is set out over three floors and is being sold as is - fully furnished and with white goods.
The ground floor level has a large living room with dining area - perfect for relaxing & enjoying the company of your housemates & friends. There is also a balcony off the lounge where you can enjoy the sunshine. The separate modern kitchen has good cupboard & worktop space and comes with appliances. The hallway has a storeroom for coats etc.
Down on the lower ground level are two large double bedrooms, a shower room with wc, whb & shower enclosure and another store cupboard in the porch which houses the clothes dryer. The bedrooms both have access to exterior patio areas front and rear.
On the first floor you will find two more good sized double bedrooms and the tiled family bathroom with white suite & shower over bath arrangement. There is also an additional room which could be used as a study, store room or utility room.
The property has one allocated parking space plus there is a secure rear yard. Heating is via mains gas and there is double glazing throughout.
Located within a stone's throw to Solent University this property holds great appeal for students but would also suit professional sharers as it is within a short walk to the city centre. There are good local shops on your doorstep and the vast selection of shopping & recreational activities of the city to choose from.
Title : Freehold
Additional costs: Estate Management Charge currently £132 per annum
EPC Rating: C
Council Tax Band: C
Full hmo licence for 4 persons.
Lawful Development Cert held for C4 use.
We endeavour to make our sales 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. Any 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 measurements have been taken as a guide to prospective buyers only, and are not precise. 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 by separate negotiation.
Property descriptions and related information displayed on this page are marketing materials provided by Belvoir - Southampton. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Belvoir - Southampton for full details and further information.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.