5 bedroom end of terrace house for sale

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5 bedroom end of terrace house for sale

Hudson Road, Southsea.
£361,000

Our Summary

  • A fine opportunity for a keen investor to add to their ever-growing portfolio – Both properties currently occupied these properties hold the potential for an upcoming rental increase once the existing contracts come to an end
  • There’s a realistic potential for £2,200 (7

Description

This five-bedroom property is being offered for purchase with the freehold and presents a unique investment opportunity. The property is currently split into a ground floor two-bedroom apartment and a first floor three-bedroom maisonette, both of which are occupied and generating a monthly rental income of £1,620 (5.27% gross yield). The ground floor flat is due for rent review in April 2024, and there is potential for an increase in rental income once the existing contracts come to an end. The property has a realistic potential for a gross yield of £2,200 (7.15%), after works are carried out. The property features a spacious reception area, storage room, two double bedrooms, bathroom, and kitchen with a patio door leading to a private garden. The first floor maisonette has an open plan kitchen/lounge area, bedroom, and bathroom, as well as a rear bedroom with a view of the garden.
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