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Property description

A fantastic HMO investment opportunity which currently returns circa £41,000 per annum in Gross rental income.

With individual room rates including all bills, the property currently returns circa 7% NET at the asking price (at full occupancy levels).

Let to professional tenants on individual AST's, and located close to Albert Road, within an easy walk of Fratton station, this property has proven a popular choice for professional sharers.

Comprising six bedrooms, a communal lounge and a large kitchen/breakfast room this substantial property offers an attractive investment.

Early viewing is advised.

Room One - Currently let at £600pcm.

Room Two - Currently let at £600pcm.

Room Three - Currently let at £625pcm.

Room Four - Currently let at £600pcm.

Room Five - Currently let at £450pcm.

Room Six - Currently let at £550pcm.

Further Information - COUNCIL TAX BAND: C

TENURE: FREEHOLD.

INDIVIDUAL ROOM RENTS INCLUDE ALL BILLS. The current owner includes the cost of a tv licence, wifi, all utilities and Council Tax. Current monthly expenditure is circa £585.51, however may fluctuate with changing costs.
We advise you to check these details prior to purchase.
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Council tax

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First listed

Over a month ago

Enegy Performance Certificate

Lawrence Road, Southsea

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The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Tully & Co - Southsea. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Tully & Co - Southsea for full details and further information.
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