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3 bedroom semi-detached house for sale
Lupin Road, Southampton, Hampshire, SO16
£265,000
Lupin Road, Southampton, Hampshire, SO16
£265,000
Our Summary
- We are pleased to present an excellent investment opportunity: a freehold property divided into two apartments, currently let at £1,359 per calendar month, delivering a strong gross yield of 6
- Ideal Investment Opportunity
- Potential to Improve the Investment Return
Description
This is a unique investment opportunity to purchase a freehold property in Bassett Green, Southampton, which has been divided into two separate apartments. Both apartments are currently let on assured shorthold tenancies, generating a strong gross yield of 6.2%. The ground floor apartment is a one-bedroom property with a spacious lounge/diner, kitchen/breakfast room, and rear garden, let at £850 per calendar month. The first-floor studio apartment has a lounge/bedroom, kitchen, and bathroom, let at £519 per calendar month to a long-term settled tenant. The property is situated in a popular residential area, close to local schools, green spaces, and transport links, making it an ideal location for families and professionals. With all mains services connected and no gas in the property, this is a great opportunity to acquire a settled investment offering an immediate income.