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10 bed semi-detached house
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Price History
Our Summary
- GREAT INVESTMENT PROPERTY OPEN FOR DEVELOPMENT OPTIONS
- There is further scope to extend the development to either include parking to the rear, or add accommodation (subject to planning consent) Call us today to view
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Description
This 10-bedroom property in Southsea is a fantastic investment opportunity, generating approximately £7,000 per month in rental income. The property underwent a major refurbishment in 2022, including new plumbing, heating, and boiler, and features 10 ensuites and a large communal kitchen/dining area. The property is currently let to long-standing professionals, with an average monthly rental of £700 per room, resulting in a total monthly rental income of circa £14,000 or £168,000 per year.
With potential to extend the development to include parking or additional accommodation (subject to planning consent), this property is a must-see for investors.