Description
Situated in Southsea, this modern five bedroom investment opportunity provides a rental income of £30,000 per annum which based on the current asking price, generates a generous 9% gross yield. We understand that the property currently has C4 planning which would allow the property to be let to multiple occupants. The internal accommodation comprises; entrance hall, two let-able rooms on the ground floor, a downstairs shower room and kitchen/diner. Upstairs offers three additional let-able rooms and a further shower room. The spacious rear garden is brick wall enclosed and laid with shingle for ease of maintenance. Sold with no forward chain, an early inspection is recommended to avoid disappointment.
ENTRANCE HALL
Smooth ceiling, cupboard housing meters, radiator, stairs rising to first floor landing, under stairs storage, UPVC double-glazed door to garden, laminate flooring.
BEDROOM
Smooth ceiling, UPVC double-glazed window, radiator and fitted carpet.
SHOWER ROOM
Smooth ceiling, extractor fan, enclosed shower cubicle, splash back, wash hand basin, low level W.C and vinyl flooring.
BEDROOM
Smooth ceiling, UPVC double-glazed window, radiator and fitted carpet.
KITCHEN/DINER
Smooth ceiling, inset spotlights, skylight, UPVC double-glazed windows, radiator, a range of wall and base mounted units with roll top work surfaces over, inset sink and drainer, double oven, electric hob with extractor fan over, space for appliances and laminate flooring.
FIRST FLOOR LANDING
Smooth ceiling, loft hatch access, UPVC double-glazed window, fitted carpet and doors into;
BEDROOM
Smooth ceiling, UPVC double-glazed window, radiator and fitted carpet.
SHOWER ROOM
Smooth ceiling, extractor fan, enclosed shower cubicle, splash back, wash hand basin, low level W.C and vinyl flooring.
OUTSIDE
The rear garden is of a generous size, is brick wall enclosed and laid with shingle for ease of maintenance.
COUNCIL TAX
Portsmouth City Council TAX BAND B £1,540.59 for the year 2023/2024.