10 bedroom detached house for sale

Wilson Grove, SOUTHSEA

Sold STC £725,000

Property Description

Key features

  • Freehold building, currently used as a HMO
  • Eight bedsits with own fitted kitchen, shared bathrooms
  • Self-contained two bedroom ground floor flat with garden
  • Self contained studio flat
  • Potential rental income of 55,000 per annum.

Full description

Tenure: Freehold


SUMMARY
Calling all investors, business owners and developers looking for a new venture! Currently achieving £40,500 per annum, but with a potential rental income of £53,000-£55,000 per annum once fully let at market value, this sizeable and unusual property in the heart of Southsea...


DESCRIPTION
Calling all investors, business owners and developers looking for a new venture! Currently achieving £40,500 per annum, but with a potential rental income of £53,000-£55,000 per annum once fully let at market value, this sizeable and unusual property in the heart of Southsea is welcomed to the market by Fox & Sons. Comprising of eight separate bedsits, each fitted with their own kitchen, from which the tenants share a bathroom on each floor; as well as a self contained two bedroom basement flat with garden and a self contained studio flat at the rear of the property; Castle Lodge is fully licensed as a HMO and could be a lucrative investment for the right buyer. The current owners occupy the basement flat and have lovingly owned this property for in excess of thirty years. Owning the freehold to this building as well as achieving a potential return on your investment at close to 8% per year, is something you surely cannot turn down. Viewing's must be organised at least forty-eight hours in advance to ensure access to all rooms.

Note: 
Please note the bedsits have been numbered by order that you would reach them, from ground floor upwards, not ordered in largest to smallest according to floorspace. Please see floorplan for additional information on the layout.

Basement - Flat 
One self contained two bedroom flat with private garden.
Access via stairs in main entrance hall on the ground floor or via UPVC door from garden and driveway.
Entrance hall with doors to large storage cupboard and plumbing for utility facilities and internal doors to:
Large lounge with bay window to front elevation, textured walls, radiator, carpet and door to kitchen.
Kitchen has textured ceiling, tiled walls and double glazed window to the side elevation, fitted kitchen with a range of wall and base units, space for fridge freezer.
Bathroom - Fully equipped fitted bathroom, tiled.
Master bedroom has textured ceiling and walls with double glazed bay window to side elevation, carpet.
Second bedroom has textured ceiling and walls with double glazed window to rear, carpet.
The garden for this flat is at the rear of the property and has a small iron gate from driveway, concreted with planting borders.
The owners currently occupy this flat, so hence is not receiving an income. Our lettings manager has estimated with some modernising cosmetically, this property would rent for £750-£800pcm (estimated £9,000 per year).

Entrance Hall 
Wooden door from front elevation, L-shaped hallway with textured ceilings and walls, carpet, stairs to basement and first floor, doors to bedsits:

Bedsit 1 15' 5" x 14' 3" ( 4.70m x 4.34m )
Door from entrance hall with thumb turn Yale lock, textured ceiling and walls, double glazed window to side elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Bedsit 2 10' 9" x 14' 1" ( 3.28m x 4.29m )
Door from entrance hall with thumb turn Yale lock, textured ceiling and walls, double glazed window to rear elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Bedsit 3 
Door from entrance hall with thumb turn Yale lock, textured ceiling and walls, double glazed bay window to front elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

First Floor Landing 
Turning staircase from ground floor and continuing to second floor, double glazed window to side, textured walls, carpet, doors to:

Bedsit 4 14' 2" x 12' 1" ( 4.32m x 3.68m )
Door from first floor landing with thumb turn Yale lock, textured ceiling and walls, double glazed window to rear elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Bedsit 5 10' 10" x 14' 1" ( 3.30m x 4.29m )
Door from first floor landing with thumb turn Yale lock, textured ceiling and walls, double glazed window to rear elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Bedsit 6 15' 3" x 19' 4" ( 4.65m x 5.89m )
Door from first floor landing with thumb turn Yale lock, textured ceiling and walls, double glazed window to front elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Shared Bathroom 
Door from first floor landing, double glazed window to side elevation, panel enclosed bath with shower attachment over, WC and wash hand basin.

Second Floor Landing 
Stairs from first floor, textured ceiling and walls, carpet, doors to:

Bedsit 7 13' x 21' 3" ( 3.96m x 6.48m )
Door from second floor landing with thumb turn Yale lock, textured ceiling and walls, roof light, double glazed window to side elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Bedsit 8 15' 4" x 15' 4" ( 4.67m x 4.67m )
Door from second floor landing with thumb turn Yale lock, textured ceiling and walls, double glazed window to side elevation, fitted kitchenette with inset sink and hob, radiator, carpet.

Shared Bathroom 
Door from first floor landing, double glazed window to side elevation, panel enclosed bath with shower attachment over, WC and wash hand basin.

Self-Contained Studio Flat 
Entrance via double glazed door on side elevation of property at the top of the driveway, this is a maisonette style.
Ground floor is a kitchen/diner with double glazed window to the rear, fitted kitchenette with gas cooker and work surfaces with inset sink - 11'7 ft MAX x 10'6 ft MAX
Stairs to bedroom with shower cubicle fitted in to corner, double glazed window to rear elevation. Door to WC and wash hand basin.
Total measurements including WC - 9'8 MAX x 12'1 MAX.
New carpets throughout.
This property is now let at £380.00 per month but our Lettings Manager Sara has estimated a potential rental income of £500.00

Externally 
Dropped kerb giving access to driveway for 3-4 cars.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


More information from this agent

Listing History

Added on Rightmove:
03 July 2017

Nearest stations

  • Fratton (0.5 mi)
  • Portsmouth & Southsea (0.8 mi)
  • Portsmouth Harbour (1.3 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Fox & Sons, Southsea

65 Osborne Road, Southsea, Hampshire, PO5 3LS

02382 200149 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Fox & Sons, Southsea

65 Osborne Road, Southsea, Hampshire, PO5 3LS

02382 200149 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Fratton (0.5 mi)
  • Portsmouth & Southsea (0.8 mi)
  • Portsmouth Harbour (1.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Fox & Sons, Southsea

65 Osborne Road, Southsea, Hampshire, PO5 3LS

02382 200149 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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