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1 bedroom flat for sale
The Oaks, Merryoak, Southampton, Hampshire, SO19
£80,000
The Oaks, Merryoak, Southampton, Hampshire, SO19
£80,000
Our Summary
- Offered to the market as an investment opportunity only is this modern first floor studio apartment in a small building at the end of a quiet and tucked away no through road
- The property is available only to a purchaser looking for an investment opportunity only to keep the current tenant in situ who is paying £550pcm and this brings in a yield of 8
Description
This modern first-floor studio apartment is being offered as an investment opportunity only, with the current tenant paying £550 per month, yielding 8.25%. The property is located in a quiet, tucked-away no-through road and is within walking distance of local shops, Bitterne train station, and the city centre. The apartment benefits from use of the residents' parking area and is available leasehold with 80 years remaining on the lease. The annual ground rent is £90, with no increase or review period specified. The annual service charge is also unknown and will need to be confirmed by the vendor. This property is ideal for an investor looking to generate a steady income.