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Portfolio8 are delighted to bring to the market this 1st floor studio apartment in Portsmouth. The property is being sold with a tenant in situ who has been at the property for 10 years. The tenant has also indicated she is looking to stay in the property for the foreseeable.


Price:

£100,000.00

Gross Rent:

£5,700.00

Gross Yield:

5.7%

Tenancy Status: Tenanted

Tenure: Leasehold

Furnishings: Unfurnished

The Property

Bedrooms
Bedrooms: 1
Bathrooms
Bathrooms: 1
Public Rooms
Public Rooms: 1
Furnishings
Unfurnished
Size
236.806

View Floorplan

The property consists of: Entrance hallway leading to the family bathroom which has a bath, sink and toilet. Access to the living room/bedroom is also gained via the hallway. Entrance to the kitchen is available through the main living space through and opening.

The property also benefits from a mature communal garden to the rear, and a dedicated parking for tenants. 

Summerfield Court- Investment Highlights
Offers over £100,000.00
Current rental price £475.00pcm
Annual service charge and ground rent - £951.00 per annum
Management/lettings cost per annum - £576
Leasehold – 165 years remaining
Yield return of 5.7%
Approximately 22sqm

Lettings and Management
The property has been managed on a long term basis by Waterfield and Stanford, a local lettings agency in Portsmouth. We would be recommending that any potential new landlord retain this relationship to retain continuity. The lettings agents have also shown a desire to continue managing the property and the appropriate introductions can be made on request.

Current Tenancy Status
Period contact with the tenant however she has been in the property for 12.5 years. The tenant has stated that they are looking to stay in the property on a long term basis.

Summerfield Court - Local Amenities and Information
Located in a popular residential area
Near all local transport links
Near local amenities

Summerfield Court - Purchase Process
1. Complete a reservation from to secure the unit and provide AML documents
2. Pay £1,250.00 plus VAT (50% of sourcing fee). Additional £1,250.00 plus VAT due on successful completion.
3. Solicitors instructed
4. Balance due on completion.

Note - Please note that Portfolio8 has not visited this property and that all material has been provided by the vendor.



Specialists in selling tenanted property for investors and landlords.

Earn rental income right up to completion.

Avoid costly void periods.

No need to evict tenants and distrut lives.

We have 1000's of investors actively seeking tenanted properties.

Portfolio8 - Property Investment

Get a question?

Our hugely experienced sales team are here to help you.

Contact Us

If you would like further details about this investment opportunity, please contact us using the form below or call us directly.

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Any Questions?

Call: +44 (0) 161 537 2727