An ideal purchase for an investor, this fantastic one bedroom flat, with parking, has a potential rent of £650 per month giving a very attractive gross yield of 6.5%. It would also be ideal as a residential purchase for a first time buyer looking to get their foot on the property ladder.
Located in a beautifully kept Georgian character apartment on Cranbury Terrace this basement flat has a spacious and calming feel as soon as you enter the front door. There is a generous sized bedroom with room for a double bed and wardrobes. The living room will suit an evening relaxing or enjoying the company of friends & family. This leads directly into the fitted kitchen which has roll top work surfaces and good cupboard space, built in electric hob and oven plus space for washing machine and fridge freezer. The shower room has recently been updated and has a double shower enclosure, wash hand basin and wc.
Located within walking distance to the city centre there is a vast array of shopping & recreational activities to choose from plus good local shops for those last minute purchases. The transport links are excellent with the M3 accessed via The Avenue and the M27 via Thomas Lewis Way. The public transport system can bring into the city or away to the hospital, university, airport and as far as Chandler's Ford & Winchester. And for outdoor activities Southampton Common, with over three hundred acres of parkland, is within easy reach.
All in all this is a great mix of comfortable accommodation and great location and would be an ideal purchase for a first time buyer or an investor.
Title: Leasehold - lease expires 2115
Service Charge: Current £1523.76
Ground Rent: £35 per annum
EPC Rating: D
Council Tax Band: A (£1,294.18 for 2021/22)
No Onward Chain
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
EPC rating: D.