Flat for sale on

Oakley Road

Southampton, SO16

Tenure: Leasehold

This is an absolutely stunning two bedroom apartment located close to Shirley High Street.  This purpose built block has three flats with a share of the freehold making it a very attractive purchase with hands on control over the building & costs.

The apartment is neutrally decorated throughout making it the perfect palette to build you own wonderful home.  With plenty of light pouring through the windows making the flat bright & airy there is an instant feeling of calm as you escape to your haven away from the hustle & bustle.   Look forward to relaxing after a hard day`s work in the comfortable living room and rustle up a treat or feast in the separate modern fitted kitchen. The kitchen has plenty of cupboard & worktop space plus comes with appliances - integrated fridge/freezer, oven, microwave, gas hob & washing machine. The two bedrooms are good sized doubles with a built in wardrobe in the main bedroom and the family bathroom has toilet, wash hand basin & shower over bath. 

To the rear of the development is a shared patio area and there is allocated parking for one car to the front.

The location is ideal with the shops, bars, restaurants and coffee shops of Shirley just down the road. Southampton General Hospital is just over a mile away and the city centre & Central Train Station are easily reached by bus or car, plus there is good access to the road network around Southampton, to the M27 & M3 for travel further afield. 

The property is perfect for a residential purchaser but also an investor - it has been successfully rented out over a number of years with an annual expected rental income of £14,400 giving a gross yield of 6.6%

PLEASE NOTE THE PHOTOGRAPHS WERE TAKEN PRIOR TO THE TENANCY WHICH HAS JUST ENDED.

Practicalities:

No Chain

Freehold - the freehold is owned by the three flats giving more control over building costs.

There is a cost to transfer the freehold ownership to the new owner and this will be covered by the new owner.  Cost to be advised.

Leasehold - 999 years

Service charge – £1700 (includes insurance costs)

Ground rent - zero

Block Management - The three directors (owners) appoint a third party management compan to maintain the communal areas and handle admin including financials.  The current company is B-Hive Property Solutions.

EPC - B

Council Tax - A (£1,438.00 for 2024/25) - Southampton City Council

Heating - gas central heating 

Broadband - Fiber installed

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: B. Council tax band: B, Domestic rates: £1762.79, Tenure: Leasehold, Annual service charge: £1700, Service charge description: Includes building insurance and third party management fee of £400,