Riverside Place, Fordingbridge, Hampshire, SP6
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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Key features
- Buy-To-Let Investment Opportunity
- Being Sold With The Current Tenants In Situ
- Currently Producing a Gross Yield of 5.5%
- Low Ground Rent Costs
- Set In a Picturesque Village
- Manageable Management Costs
Description
Guide Price: £195,000.00
Two Bedroom First Floor Apartment | Fixed Tenancy | Riverside Living | Allocated Parking
Overview
An excellent investment opportunity to acquire a well-presented two-bedroom first-floor apartment in the desirable Riverside Place development, right in the heart of Fordingbridge. With tenants in situ on a fixed-term lease until 29th October 2025, producing £900 PCM, this property offers immediate rental income for investors seeking a hassle-free addition to their portfolio.
Key Features
Modern open-plan kitchen/living room
Two well-proportioned bedrooms
Contemporary family bathroom
One allocated parking space
Peaceful riverside setting, close to local amenities
Double glazed and electric heating
Leasehold tenure with manageable outgoings
Financial Information
Current Rent: £900 per calendar month
Fixed Tenancy Until: 29th October 2025
Service Charge (most recent): £1,615.66 per annum
Ground Rent: £50 per annum
Block Maintenance: £200 every 6 months
Gross Yield: 5.5%
Net Yield: 4.5%
We would expect the rental income to increase to £950pcm - £1,000pcm when the tenancy is up for renewal, bringing the gross yield up to 6.2% and net yield to 5.1%
Location
Situated just a short stroll from the charming town centre of Fordingbridge, 25 Riverside Place offers convenient access to local shops, eateries, and scenic river walks. The New Forest National Park is nearby, and there are excellent road links to Salisbury, Ringwood, and Bournemouth, making this an attractive location for tenants and owner-occupiers alike.
Tenure
Leasehold - 99 years remaining
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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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Energy performance certificate - ask agent
Riverside Place, Fordingbridge, Hampshire, SP6
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Visit our security centre to find out moreDisclaimer - Property reference Riverside-Place-Fordingbridge. 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 Pure, Manchester. 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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