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One-bedroom first floor flat, let at £700 pcm

North End, PO2 - Get Access

1 bed 1 bath

Description

The property is situated to the east of Portsmouth centre, approximately one and a half miles from Portsmouth and Southsea Station, and within a similar distance of Cosham Station and Hilsea. Good road links are easily accessible, including the A3, M3, and the coastal motorways. The area has a great deal of historical interest and is well served by schools, bus routes, and recreational facilities. The first-floor flat forms part of an attractive mid-terraced, bay-fronted period dwelling and offers one-bedroom accommodation comprising a hall, bathroom, open-plan living room and kitchen, and a bedroom. The property is currently let at £700 per calendar month (£8,400 per annum) and is being sold with the benefit of this ongoing income, making it an ideal opportunity for investment buyers. The tenure is leasehold, held on a 99-year lease from 29th September 1987, leaving approximately 60 years unexpired. The council is Portsmouth Council, with Council Tax Band A and EPC Band E.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 388 sq ft (EPC)

This first-floor converted flat within a period bay-fronted Victorian terraced building on London Road was valued using direct evidence from the same building and immediate surroundings. The property's internal area of 388 sq ft was assessed against local per-square-foot benchmarks. Condition was reviewed via imagery as good overall at 6/10, though allowance was made for the short unexpired lease term.

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