Property for sale in Lawrence Road, Southsea PO5
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Property features
- HMO investment property
- Six rooms
- Currently let at £3,425 pcm
- Gross rental yield in excess of 8%
- Over £41,000 per annum at full occupancy
- Substantial property
- Gas heating
- Double glazing
- Net rental yield circa 7%
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.
Property info
For more information about this property, please contact
Tully and Co, PO4 on +44 23 9229 0099 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Tully and Co, and do not constitute property particulars. Please contact Tully and Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.