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Lawrence Road, Southsea

PROPERTY TYPE

House

BEDROOMS

6

BATHROOMS

2

SIZE

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TENURE
Describes 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

A fantastic HMO investment opportunity which currently returns circa £41,000 per annum in Gross rental income.

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, SouthseaBrochure
COUNCIL 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
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Lawrence Road, Southsea

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About Tully & Co, Southsea

157-159 Albert Road, Southsea, PO4 0JW
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

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, museums, gardens, restaurants and shops and is only about an hour away from the New Forest.

Portsmouth itself is a University City, situated in Hampshire on the southern coast of England. It is a vibrant, popular place to live with a wide choice of accommodation to suit its diverse culture. Portsmouth’s city centre has undergone massive redevelopment and offers good transport links and excellent modern shopping facilities that sit alongside its historic tourist attractions.

If you are looking to move to the Portsmouth area our team have extensive local knowledge, we will listen to your requirements and provide you with advice and assistance to ensure you are getting the right property in the best location to suit your lifestyle and requirements.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,312
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

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Disclaimer - 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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