House For Sale £361,000
Southsea PO5

Soane are thrilled to welcome this five bedroom property to the market. Split into a ground floor two bedroom flat and a first floor three bedroom maisonette. Purchase being sold with the freehold - a great investment!

Property additional info

Description:
A unique chance to purchase this end terrace property currently split into a ground floor two-bedroom apartment and a first floor three-bedroom maisonette. A fine opportunity for a keen investor to add to their ever-growing portfolio – Both properties currently occupied these properties hold the potential for an upcoming rental increase once the existing contracts come to an end. Currently paying £1,620 pcm (5.27% gross yield) with the ground floor due to rent review in April 2024 and a 6 month tenancy to coincide with the maisonette end date. There’s a realistic potential for £2,200 (7.15% gross yield) once works carried out.

An Overview:
Stepping into the property through a communal door you will find a door to your left bringing you into the ground floor apartment and stairs leading you to the entrance of the first-floor maisonette. The ground floor flat opens out into the reception area with a spacious storage room. Moving down the hallway, the first bedroom welcomes you which is a good-sized double room. This is followed by a bathroom. At the end of the hallway there is the second double bedroom overlooking the garden. The kitchen is equipped with a combi gas boiler and a UPVC patio door giving you access to the private garden. Leading you upstairs to the maisonette, this has an open plan kitchen/lounge area. Through the hallway you will find the first bedroom and a well-appointed bathroom. The rear, bedroom two offers a lovely view of the garden. The next flight of stairs are just before the lounge area leads you to the third bedroom which features built in storage and a large velux window allowing plenty of light.