>
2 bedroom apartment for sale
Riverside Place, Fordingbridge, Hampshire, SP6
£195,000
Riverside Place, Fordingbridge, Hampshire, SP6
£195,000
Our Summary
- 00 Two Bedroom First Floor Apartment | Fixed Tenancy | Riverside Living | Allocated Parking Overview An excellent investment opportunity to acquire a well-presented two-bedroom first-floor apartment in the desirable Riverside Place development, right in the heart of Fordingbridge
- Buy-To-Let Investment Opportunity
Description
This two-bedroom first-floor apartment in Fordingbridge's Riverside Place development is an excellent investment opportunity. The property is currently tenanted on a fixed-term lease until 2025, producing £900 per month, and offers immediate rental income for investors. The apartment features a modern open-plan kitchen/living room, two well-proportioned bedrooms, and a contemporary family bathroom. It also comes with one allocated parking space and a peaceful riverside setting close to local amenities. The property is leasehold with manageable outgoings, and the current rent is expected to increase to £950-£1,000 per month when the tenancy is up for renewal, bringing the gross yield up to 6.2% and net yield to 5.1%. The location is convenient for access to the town centre, shops, and scenic river walks, as well as the nearby New Forest National Park and good road links to surrounding towns.