1 bed Flat For Sale £65,000
Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers / cash buyers only!
This excellent one bedroom apartment comprises of; entrance hallway leading to a spacious lounge with double glazed window; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. The apartment is located on the 11th floor.
Due to it's location, the development itself has always experienced strong rental demand. The apartment is located within Southampton town centre and just a 15 minute walk to the local train station, whilst also benefitting from being close to local shops and restaurants.
Southampton is the UK’s second largest container port – and a major port for vehicle exports too – so an important player in the country’s world trade. The port here supports around 15,000 jobs and contributes £1bn to the economy. The city also has a growing visitor economy with 218,000 inbound tourist visits a year according to Visit Britain.
Furthermore, Southampton also has a huge student population relative to its size. There are 25,000 students at the University of Southampton plus 18,500 at Southampton Solent University, creating a huge demand for Southampton student property.
Financial Breakdown
Gross rent: £5,940
Ground rent: £10
Service charge: £1,479
Lettings fees: £855
Net income: £3,595
Gross yield: 9.14%
Net yield: 5.53%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16162
This excellent one bedroom apartment comprises of; entrance hallway leading to a spacious lounge with double glazed window; fully fitted kitchen with all appliances included; double bedroom with double glazed window; three piece family bathroom with shower over bath. The apartment is located on the 11th floor.
Due to it's location, the development itself has always experienced strong rental demand. The apartment is located within Southampton town centre and just a 15 minute walk to the local train station, whilst also benefitting from being close to local shops and restaurants.
Southampton is the UK’s second largest container port – and a major port for vehicle exports too – so an important player in the country’s world trade. The port here supports around 15,000 jobs and contributes £1bn to the economy. The city also has a growing visitor economy with 218,000 inbound tourist visits a year according to Visit Britain.
Furthermore, Southampton also has a huge student population relative to its size. There are 25,000 students at the University of Southampton plus 18,500 at Southampton Solent University, creating a huge demand for Southampton student property.
Financial Breakdown
Gross rent: £5,940
Ground rent: £10
Service charge: £1,479
Lettings fees: £855
Net income: £3,595
Gross yield: 9.14%
Net yield: 5.53%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-16162
