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1 bed flat
Millbrook Road East, Shirley, Southampton, Hampshire SO15
£125,000
Millbrook Road East, Shirley, Southampton, Hampshire SO15
£125,000
Our Summary
- Currently let out at a figure of £900 pcm including the water bill this respresents an excellent yield of over 8% making it an attractive investment opportunity for landlords looking to add to their portfolio
Description
This one-bedroom first-floor apartment is situated within walking distance of Shirley High Street, the city center, and West Quay's retail park and shopping center, making it an attractive investment opportunity with excellent transport links. The property is currently let out at £900 per month, generating an 8% yield, and features a secure telephone entry system, a light and bright double bedroom, a contemporary bathroom, and an open-plan lounge, dining, and kitchen area. The property also comes with one allocated parking space and is leasehold with 115 years remaining on the lease. The annual ground rent is £200, which will increase to £400 from 2041, and the annual service charge is £1650.