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12-14 Hereford Road, Southsea PO5
£112,500
12-14 Hereford Road, Southsea PO5
£112,500
Our Summary
- PROPERTY DESCRIPTIONThis first floor flat is conveniently located with shops, bars and restaurants a short walk away, making it an ideal first time buy or investment opportunity
Description
This property is a first-floor flat located in a convenient area with shops, bars, and restaurants nearby. It has neutral decor throughout and off-road parking, making it an ideal first-time buy or investment opportunity. The property has a total floor area of approximately 74.5 square meters, with four rooms: an entrance hallway, lounge, kitchen, and two bedrooms. The bathroom is also included. The property can be purchased using a Home For Life Lifetime Lease, which allows those aged 60 or over to secure the property with a lifetime lease and a share of the property value, potentially saving between 20% to 50% of the market value. The current market value of the property is £170,000, but the price of the Lifetime Lease would be £112,500, based on an average saving of 33%.