House For Sale £270,000
St Mary's Street, Southampton SO14
previous price £280,000

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 6.68%. The current tenancy runs until June 2021 so a new owner would have the immediate benefit of income as the tenancy will continue even though the ownership of the property may change. The vendor is currently marketing the property in order to get a new tenancy beginning in July 2021.

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.

Practicalities:

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.

No Chain

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.

At Belvoir we understand that you may have questions with regard to the effect Coronavirus will have on viewing properties and we have put in place the following policies and advice:

• Use our virtual tour or request a video/facetime viewing to enable you view remotely.
• When we conduct viewing we will ask all viewers and owners/tenants at the relevant property to confirm:

• They are not self-isolating
• They are not displaying any of the symptoms of covid-19 (cough, difficulty breathing, high temperature)
• They have not been in contact with anyone suspected of having the covid-19 virus.
• They do not consider themselves to suffer from a weakened immune system which may make them susceptible to the covid-19 viruS

• When we conduct a physical viewing we will keep a safe distance and not shake hands.
• We will only conduct individual viewings (no block viewings) and will allow ample time for you to view.
• We will also ensure the tenant or vendor is not present at the time of the viewing

EPC rating: C.