Lawrence Road, Southsea
- PROPERTY TYPE
House
- BEDROOMS
6
- BATHROOMS
2
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- HMO INVESTMENT PROPERTY
- SIX ROOMS
- CURRENTLY LET AT £3,425 PCM
- GROSS RENTAL YIELD IN EXCESS OF 8%
- OVER £41,000 PER ANNUM AT FULL OCCUPANCY
- SUBSTANTIAL PROPERTY
- GAS HEATING
- DOUBLE GLAZING
- NET RENTAL YIELD CIRCA 7%
Description
With individual room rates including all bills, the property currently returns circa 7% NET at the asking price (at full occupancy levels).
Let to professional tenants on individual AST's, and located close to Albert Road, within an easy walk of Fratton station, this property has proven a popular choice for professional sharers.
Comprising six bedrooms, a communal lounge and a large kitchen/breakfast room this substantial property offers an attractive investment.
Early viewing is advised.
Room One - Currently let at £600pcm.
Room Two - Currently let at £600pcm.
Room Three - Currently let at £625pcm.
Room Four - Currently let at £600pcm.
Room Five - Currently let at £450pcm.
Room Six - Currently let at £550pcm.
Further Information - COUNCIL TAX BAND: C
TENURE: FREEHOLD.
INDIVIDUAL ROOM RENTS INCLUDE ALL BILLS. The current owner includes the cost of a tv licence, wifi, all utilities and Council Tax. Current monthly expenditure is circa £585.51, however may fluctuate with changing costs.
We advise you to check these details prior to purchase.
Brochures
Lawrence Road, SouthseaBrochureCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: C
Lawrence Road, Southsea
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Fratton Station0.6 miles
- Portsmouth & Southsea Station1.0 miles
- Portsmouth Harbour Station1.5 miles
About the agent
Tully & Co, Southsea
157-159 Albert Road, Southsea, PO4 0JW
Tully & Co have been operating as independent estate agents for over 40 years. As well as offering an extensive service to buyers and sellers, our team specialises in residential lettings and property management and have an enviable reputation for providing quality accommodation at affordable prices.
Our modern office is situated in the heart of Southsea, the historic sea front city of Portsmouth. Southsea is a lively seaside town attracting visitors all year round to its beaches, museu
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 31611724. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tully & Co, Southsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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