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2 bed Flat For Sale £175,000
Merton Road, Southsea PO5


Description
Of interest to investors only: Enjoying a sought-after location in the heart of central southsea, this well-appointed purpose-built two double bedroom ground floor apartment is let currently at £795 P.C.M., equivalent to a gross annual yield of 5.5% approx. Part of an historic Conservation Area (Owen's Southsea), Merton Road winds between Grove Road South and Victoria Road South, "Selma Court" standing on the south side at the junction with Nelson Road. This desirable, tucked-away, yet very convenient residential address places a comprehensive range of public amenities within a radius of some one mile only, including: The Seafront, Southsea Town Centre (Palmerston Road Shopping Precinct), University Campus, various good schools, main-line stations, Gunwharf Quays retail and leisure complex, and the many attractions of maritime Old Portsmouth.

Pair of glazed main doors, with security entry system, to:

Common Hallway

Stairs to upper floors. Door to rear of building.

Flat 3

'l'-Shaped Entrance Hall

Built-in cloaks and storage cupboard with electricity meter and circuit breakers. Built-in linen cupboard. Double built-in storage cupboard. Double panel radiator. Security intercom telephone.

Bathroom & W.C. (8'5 x 4'8 (2.57m x 1.42m))

Contemporary white suite comprising: Panelled bath with mixer tap plus independent shower mixer, pedestal handbasin with mixer tap, low flush w.c. Vertical radiator/towel rail. Part-tiled walls. UPVC replacement obscure double-glazed window.

Kitchen (11'9 x 8'4 (3.58m x 2.54m))

Fitted and equipped with: Range of gloss-white base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring ceramic hob with extractor canopy. Plumbing for washing machine, space for tumble dryer. Serving hatch to Living Room. 'Glow-worm' gas fired central heating and hot water boiler. UPVC replacement double-glazed window to rear elevation.

Bedroom One (13'9 x 10'7 (4.19m x 3.23m))

UPVC replacement double-glazed window to side elevation. Double built-in wardrobe. Double panel radiator.

Bedroom Two (13'7 x 7'10 (4.14m x 2.39m))

UPVC replacement double-glazed window to side elevation. Double built-in wardrobe. Double panel radiator.

Living Room (17'5 x 11'7 (5.31m x 3.53m))

Coved ceiling. UPVC replacement double-glazed window to rear elevation. Double panel radiator.

Outside

Communal lawned and tree-planted gardens to front and rear of the building.
Lock-up personal store.

General Information

Tenure: 150 years Leasehold from 24th June 1965 (94 years remaining).
Maintenance Charge: £425.33 per half year (to 24th June 2021).
Ground Rent: £15pa.
Council Tax: Band 'B' - £1,416.93 per annum (2021-2022)

Epc 'c'

Viewing

By appointment with sole agents,
D M nesbit & co.
(17424/028174)

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