Forster Road
Southampton, SO14

£275,000
6
Call Us 023 8098 4046

Features

  • GREAT INVESTMENT OPPORTUNITY
  • SIX BEDROOMS
  • CURRENTLY MANGED ON A RENT TO RENT BASIS
  • GOOD ACCESS TO CITY CENTRE
  • CLOSE TO PORTSWOOD
  • NO CHAIN

Description

Tenure: Freehold

Located close to Portswood and with easy access to the city centre, this 6 bedroom HMO presents a fantastic investment opportunity.  Currently tenanted with a management company in place on a rent to rent basis the net income is £1,500 per month (£18,000 p.a.) with all bills paid by the company and not the owner, giving a gross yield of 6.5%.

Set out over two floors the house has two bedrooms downstairs & four bedrooms upstairs.  Each room is comfortably furnished and easily accommodates tenant's personal belongings with room for relaxing and creating their own haven from the hustle & bustle.  To rear of the house, on the ground floor, the large modern kitchen, complete with appliances & good worktop & cupboard space, is a great communal focus for cooking & enjoying the company of the other tenants.  The family bathroom with shower over bath arrangement is accessed through the kitchen and upstairs there is a second bathroom with shower enclosure, wc & whb. 

And for sunnier days there is a small rear garden to enjoy or put to practical use for drying clothes.  Parking is on-street subject to the council regulations.

Located just off Lodge Road the property has easy access to the city centre by bus, foot or car and with Portswood practically on your doorstep there is a vast selection of shops, supermarkets, restaurants, pubs and coffee shops to choose from.   Southampton Common is just down Lodge Road, about a 20 minute walk, where you can enjoy a relaxing walk or keep fit activities.  

All in all this house presents a great investment.  The management agreement with the letting company is in place for another 2.5 years where they take care of the day to day running of property including minor repairs, tenant management and letting the rooms as and when they become available, so this is really a hands free investment.

 

PRACTICALITIES:

Title: Freehold

EPC Rating: E

Council Tax Band: B

No 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.

 

At Belvoir we understand that you may have questions with regard to the effect Coronavirus will have on viewing properties and we have put in place the following policies and advice:

  • Use our virtual tour or request a video/facetime viewing to enable you view remotely.
  • When we conduct viewing we will ask all viewers and owners/tenants at the relevant property to confirm:
    • They are not self-isolating
    • They have not returned recently from a high-risk area
    • They are not displaying any of the symptoms of COVID-19 (cough, difficulty breathing, high temperature)
    • They have not been in contact with anyone suspected of having the COVID-19 virus.
    • They do not consider themselves to suffer from a weakened immune system which may make them susceptible to the COVID-19 virus
  • When we conduct a physical viewing we will keep a safe distance and not shake hands.
  • We will only conduct individual viewings (no block viewings) and will allow ample time for you to view.
  • We will also ensure the tenant or vendor is not present at the time of the viewing
  • Please note viewings will only be arranged for viewers who are currently on the market themselves and ideally in a position to proceed.

 

EPC rating: E.

Documents

Floorplan
Download

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