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 W.C and kitchen/diner. Upstairs offers three additional let-able rooms and a shower room. The rear garden provides a low maintenance space for seating as well as a garage which is accessible from the rear of the property. 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 and laminate flooring.
BEDROOM
Smooth ceiling, UPVC double-glazed window, radiator and fitted carpet.
W.C.
Smooth ceiling, extractor fan, wash hand basin, tiled splash back, low level W.C and laminate flooring.
KITCHEN/DINER
Smooth ceiling, UPVC double-glazed windows and doors to garden, radiators, a range of wall and base mounted units with roll top work surfaces over, inset sink and drainer, gas hob and oven with extractor fan, 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
To the rear the property boasts a low maintenance garden as well as a garage which is accessible from the rear of the property.
COUNCIL TAX
Portsmouth City Council TAX BAND B £1,540.59 for the year 2023/2024.