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3 bedroom semi-detached house for sale
Pains Road, Southsea PO5 1HE
£250,000
Pains Road, Southsea PO5 1HE
£250,000
Our Summary
- TO BE SOLD BY PUBLIC AUCTION METHOD
- We invite IMMEDIATE CASH OFFERS (on strict Auction terms) for this well-situated VACANT SEMI-DETACHED PROPERTY, formerly a three bedroom family house, now benefitting from consent for use as a HOUSE IN MULTIPLE OCCUPATION (Class C4)
- PLANNING: operated by our clients as shared accommodation for up to 4 persons since 2004, the property was granted a Certificate of Lawful Existing Use/Development in August of this year allowing for use as a House in Multiple Occupation (Class C4)
- AUCTION PROCESS
Description
This vacant semi-detached property, located in a popular and convenient residential area, is being sold by public auction with a guide price of £240,000-£250,000. The property, formerly a three-bedroom family home, has been granted consent for use as a House in Multiple Occupation (Class C4) and benefits from a projected rental return of around £2,000 per month, yielding a gross annual return of approximately 10%. The property features a modern kitchen, bathroom, and shower room, as well as a rear living room extension and a patio garden. The property is being sold on strict auction terms and immediate cash offers are invited.