4 bed terraced house for sale

Cleveland Road, Southsea PO5

**no forward chain**C4 planning**HMO license**£1,850 pm rent bills excluded**joint tenancy agreement** Kings Estates are pleased to present this four-bedroom mid-terraced HMO situated on Cleveland Road, Southsea. Offered with C4 planning and an existing joint AST generating £1,850 per calendar month, excluding bills, the property represents an attractive opportunity for investors looking to acquire an established rental property.

**no forward chain**C4 planning**HMO license**£1,850 pm rent bills excluded**joint tenancy agreement** Kings Estates are pleased to present this four-bedroom mid-terraced HMO situated on Cleveland Road, Southsea. Offered with C4 planning and an existing joint AST generating £1,850 per calendar month, excluding bills, the property represents an attractive opportunity for investors looking to acquire an established rental property.

The accommodation is arranged over two floors. The ground floor comprises a bedroom, communal lounge, fitted kitchen and shower room, together with a separate W/C. To the rear is a low-maintenance enclosed garden.

The first floor provides three further double bedrooms, giving a total of four bedrooms while retaining a dedicated communal living area.

Cleveland Road is situated within a well-established area of Southsea, with Fratton railway station approximately 400 metres away and a range of local amenities within the surrounding area.

With an existing tenancy in place, C4 planning and no onward chain, this property is well suited to landlords looking to add an established HMO to their portfolio.

Contact Kings Estates today to arrange your viewing.

Investment Information

£1,850 pcm Rent
Joint AST
Bills excluded
C4 Planning Use
Tenure - Freehold
No Onward Chain
Approximate gross yield of 7.9%
Tenancy is currently managed by Kings Estates
HMO Licence valid until 2029 (Non transferrable)