- Prime central Southsea location +
- Five spacious bedrooms +
- Generously sized garden +
- Annual rental income £22,800 +
- New tenants due in Aug 2025 +
- No forward chain +
- Ideal investment opportunity +
- Close to university +
- Two reception rooms +
- Potential for value increase +
Introducing a large terraced house, listed for sale, in the heart of central Portsmouth. This neutrally decorated property is situated in a highly sought-after location, within close proximity to public transport links, local amenities, and Portsmouth university.
The house boasts an impressive five bedrooms, two reception rooms, and a single well-equipped kitchen. It also benefits from unique features such as a generously sized garden, a basement, a utility room, and a separate dining room for those intimate family meals.
Currently, this large HMO property yields an annual rental income of £22,800 and tenants due to move in Aug 2025. This makes it an ideal investment opportunity for those looking to expand their portfolio. The property is particularly appealing to student and professional tenants, given its strategic location.
In addition, the property offers no forward chain, providing an uncomplicated buying process for potential investors. There is also scope for improvement, which could significantly increase the property's value.
For residential buyers, the house could effortlessly be converted into a spacious family home, further enhancing its appeal. The property also comes with a 'C' EPC rating and falls under council tax band 'C', providing a fair balance between energy efficiency and tax liability.
In conclusion, this property offers a multitude of opportunities for both investors and residential buyers. Its prime location combined with its potential for improvement makes it a unique and promising prospect in the real estate market.
A House in Multiple Occupation Mandatory Licence is in place for up to 6 persons
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
SSE250117/2