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Whitworth Crescent, Southampton

Key features

  • Sale by Modern Auction (T&Cs apply)
  • Subject to an undisclosed Reserve Price
  • Buyers fees apply
  • Freehold block of five self-contained apartments
  • Currently tenanted with immediate rental income from day one
  • Rare opportunity to acquire an established multi-unit residential investment
  • Diverse unit mix appealing to a broad tenant market
  • Excellent transport links and easy access to the M27

Description


SUMMARY
An exceptional opportunity to acquire a fully tenanted freehold block comprising five self-contained apartments, providing an immediate income-producing investment with established occupancy in place.

Viewing and further investment information available upon request.


DESCRIPTION
An exceptional opportunity to acquire a fully tenanted freehold block comprising five self-contained apartments, providing an immediate income-producing investment with established occupancy in place. Situated in a convenient residential location, the property benefits from excellent access to local amenities, reputable schools, public transport connections and the M27 motorway network, making it an attractive proposition for both investors and tenants alike.

The block enjoys the additional advantage of off-road parking to the rear for residents, along with communal garden areas, further enhancing tenant appeal and supporting long-term rental demand.
Each apartment offers well-proportioned accommodation, with a varied mix of layouts designed to appeal to a broad tenant demographic.

The property is conveniently positioned within easy reach of a range of local shops, supermarkets, leisure facilities and everyday amenities. Families and tenants benefit from nearby schooling options, whilst commuters enjoy excellent transport connections including regular bus services, nearby rail links and swift access to the M27, providing routes towards Southampton, Portsmouth and surrounding areas.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Flat 1 
Spacious three-bedroom apartment
Generous 22 ft lounge
Fitted kitchen/diner
Rear parking allocation
Well-suited to families and professional tenants

Flat 2 
Two-bedroom apartment
Modern open-plan kitchen/lounge/diner
En-suite shower room to the principal bedroom
Rear parking allocation
Bright and spacious contemporary layout

Flat 3 
Two-bedroom apartment
Open-plan kitchen/lounge/diner
En-suite shower room to the principal bedroom
Rear parking allocation
Well-presented accommodation throughout

Flat 4 
Two-bedroom apartment
Separate fitted kitchen
Spacious lounge/diner
Rear parking allocation
Practical and versatile layout

Flat 5 
Two-bedroom apartment
Comfortable lounge/diner
Patio doors opening onto a private garden
Rear parking allocation
Attractive outdoor space rarely found within apartment developments



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. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
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.

Brochures

PDF Property ParticularsFull Details
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: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Driveway
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
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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Whitworth Crescent, Southampton

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Affordability

Monthly repayments£4,263
Property: £ 850,000
Deposit: £ 85,000
Interest rate: 5.33%
Term: 30 years
Powered byNatwest
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.
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About Fox & Sons, Bitterne

390c Bitterne Road, Southampton, Hampshire, SO18 1BY
Industry affiliations:

Established in 1868, Fox & Sons has grown into one of the South Coast’s most recognisable estate agencies. Our local teams combine market expertise with a friendly, professional approach to support buyers, sellers, landlords and tenants alike. Get in touch with your local branch today.

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Disclaimer - Property reference BIT113123. 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 Fox & Sons, Bitterne. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Fox & Sons, Bitterne on 0238 254 4479.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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