Guide Price: £130,000 – Investment Opportunity – Gross Yield in Excess of 10%This one-bedroom ground floor apartment presents an exceptional opportunity for buy-to-let investors. Offered at a guide price of £130,000, the property is tenanted until August 2026 with a current rental income of £1,150 per calendar month, delivering a gross yield of just over 10%. The apartment also benefits from a long lease of approximately 144 years remaining, making it a secure and appealing investment.Offered with no onward chain, this property enables purchasers to complete swiftly and benefit from an immediate rental income stream.For further information or to arrange a viewing, please contact us at your earliest convenience. Tenancy secured until August 2026 – £1,150 PCM144-year lease remainingService Charge - £164.70 Per MonthGround Rent - £100 Per AnnumSellers Position - No Onward ChainEPC - Band CCouncil Tax - Band B, £1696 Per Annum (2024/2025) Portsmouth City Council EPC Rating: C
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.
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