1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Extended lease with 154 years remaining
- High yield over 9% return
- Tenant willing to remain in place
- Off street communal parking available
- Close proximity to city centre
- Opportunity to modernise and add value
A fantastic investment opportunity awaits with this ground floor studio apartment located on Howard Road, Southampton. Recently benefitting from an extended lease with 154 years remaining, this property offers both long-term security and the potential for improvement. While the apartment could benefit from some updating and modernisation, it represents a blank canvas for an investor or first-time buyer to enhance its value.
The accommodation comprises a lounge/bedroom, a kitchen, and a shower room. Off-street communal parking is readily available at both the front and rear of the property.
Investors will be particularly drawn to this opportunity, as the current tenant, who has resided here for around 6 years, is happy to stay on. The property offers an impressive yield of over 9%, making it a strong addition to any portfolio.
The property features electric heating and UPVC double glazing.
Situated close to Southampton city centre, Howard Road provides excellent access to local amenities, shops, and transport links, making it an ideal location for both tenants and owner-occupiers alike.
Don't miss out on this excellent investment opportunity contact Goadsby estate agents in Southampton today to arrange a viewing!
Agents Note: The apartment measures approximately 25 square metres, so buyers intending to purchase with a mortgage should seek advice before formally making an offer.
Additional Information
Tenure: Leasehold
Lease Length Remaining: 154 years
Ground Rent: £65 per annum
Service Charge: £1398.30
Parking: Communal Residents
Utilities:
Mains Electricity
Mains Water - metered
Drainage: Mains Drainage
Broadband: Refer to ofcom website Mobile Signal: Refer to ofcom website Flood Risk: For more information refer to gov.uk, check long term flood risk
Council Tax Band: A
Lounge/Bedroom 4.07m (13'4) x 3.93m (12'11)
Kitchen 2.08m (6'10) x 2.06m (6'9)
Shower Room 2.8m (9'2) x .74m (2'5)
DRAFT DETAILS
We are awaiting verification of these details by the seller(s).
ALL MEASUREMENTS QUOTED ARE APPROX. AND FOR GUIDANCE ONLY. THE FIXTURES, FITTINGS & APPLIANCES HAVE NOT BEEN TESTED AND THEREFORE NO GUARANTEE CAN BE GIVEN THAT THEY ARE IN WORKING ORDER. YOU ARE ADVISED TO CONTACT THE LOCAL AUTHORITY FOR DETAILS OF COUNCIL TAX. PHOTOGRAPHS ARE REPRODUCED FOR GENERAL INFORMATION AND IT CANNOT BE INFERRED THAT ANY ITEM SHOWN IS INCLUDED.
These particulars are believed to be correct but their accuracy cannot be guaranteed and they do not constitute an offer or form part of any contract.
Solicitors are specifically requested to verify the details of our sales particulars in the pre-contract enquiries, in particular the price, local and other searches, in the event of a sale.
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Property reference 1150654. 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 Goadsby - Southampton.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 4, 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 January 4, 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
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