This property is no longer on the market
3 bedroom apartment
Key information
Property description & features
- INVESTMENT
- 9 BEDROOM PROPERTY
- BIKE STORAGE
- POTENTIAL FOR DEVELOPMENT
- GREAT LOCATION
- EARN FROM DAY ONE
- OVER 7.5% GROSS YIELD
Currently, all studios are fully occupied, making this property an attractive investment prospect. Moreover, the property offers the potential for further expansion with the possibility of constructing a fourth floor. The necessary infrastructure, including staircase, electrics, waste, and water connections, have already been installed, simplifying the expansion process.
Convenience is a priority, evident in the communal access area that includes bike storage and a dedicated bin shed.
This relatively new property, just a few years old, is in excellent condition and holds immense potential for further development and profitability.
Don't miss out on this remarkable opportunity. Contact us today for additional details and to arrange a viewing.
Currently fully let yielding 7.65% (gross) per annum.
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Property reference 100667005198. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co - Portsmouth.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 15, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on June 15, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on August 16, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.