Guide price
£190,000
5 bed maisonette for saleMillbrook Road East, Southampton, Hampshire SO15
5 beds
2 baths
2 receptions
EPC Rating: D
Auction
Freehold
About this property
Austin & Wyatt are delighted to offer for sale this rare and exciting investment opportunity, comprising two self-contained flats arranged over the ground and first floors and currently generating a combined rental income of approximately £1,950 per calendar en lanmonth.
The property offers an unusual and highly versatile layout, with 149 and 149A providing separate accommodation across two floors, making this an attractive proposition for investors looking for an established rental investment.
Across the property there are four bedrooms, with two bedrooms forming part of each flat. Both flats benefit from their own kitchen facilities, bathroom and living accommodation, allowing them to operate independently.
The ground-floor accommodation comprises two bedrooms, a reception room, kitchen and bathroom, while the first-floor accommodation offers a further two bedrooms, a particularly spacious kitchen/dining room and bathroom.
Offering approximately 1,222 sq. Ft. Of accommodation in total, the property is currently let and producing a combined rental income of £1,950 pcm, equating to approximately £23,400 per annum.
Situated on Millbrook Road East, the property is conveniently positioned for access into Southampton city centre, Southampton Central railway station and surrounding amenities, making it well placed for the rental market.
Due to the unusual nature of the property and the opportunity to acquire two flats together, an early viewing is highly recommended.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
The property offers an unusual and highly versatile layout, with 149 and 149A providing separate accommodation across two floors, making this an attractive proposition for investors looking for an established rental investment.
Across the property there are four bedrooms, with two bedrooms forming part of each flat. Both flats benefit from their own kitchen facilities, bathroom and living accommodation, allowing them to operate independently.
The ground-floor accommodation comprises two bedrooms, a reception room, kitchen and bathroom, while the first-floor accommodation offers a further two bedrooms, a particularly spacious kitchen/dining room and bathroom.
Offering approximately 1,222 sq. Ft. Of accommodation in total, the property is currently let and producing a combined rental income of £1,950 pcm, equating to approximately £23,400 per annum.
Situated on Millbrook Road East, the property is conveniently positioned for access into Southampton city centre, Southampton Central railway station and surrounding amenities, making it well placed for the rental market.
Due to the unusual nature of the property and the opportunity to acquire two flats together, an early viewing is highly recommended.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
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Monthly repayment
£950 per month
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