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1 bedroom flat for sale

Devonshire Square, Southsea

Guide Price £110,000

Property Description

Key features

  • NO WORK NEEDED
  • 1 BEDROOM APARTMENT
  • IDEAL FOR INVESTMENT
  • CURRENTLY LET
  • 6%+ YIELD
  • SOUGHT AFTER LOCATION
  • NO FORWARD CHAIN
  • MODERN APARTMENT
  • CLOSE TO TRAIN STATION
  • A MUST VIEW

Full description

NEW 150 YEAR LEASE -

Bernards are pleased to bring to the market this modern and well presented flat in this small block in Devonshire Square, a highly sought after and central location.


Flat B is located on the first (middle) floor and
includes a modern open plan kitchen/living area, a double bedroom and a shower room.

Ideal for a buy-to-let investor, the well configured one bedroom apartment is finished to a good standard and sold with the benefit of tenants in situ (on AST’s).

The property is currently let at an annual income of £7200 per annum providing a 6.55% yield based
on the asking price. If you would like any more information or to book a viewing on this opportunity
please call Bernards Southsea office today on .

Exterior - The flats are accessed via communal hallway which only serve flats A and B.

Flat B - Let since March 2019, currently on a twelve month tenancy, achieving £600 PCM

Kitchen/Living Area - 3.71m x 4.80m (12'2" x 15'9") - Laminate flooring, smooth walls and ceilings, radiator, power points, the kitchen area is also has vinyl flooring, with a matching range of base and wall units with space and plumbing for appliances, tiled walls and smooth ceilings, power points. UPVC double glazed window to the side elevation

Bedroom - 3.71m x 2.44m (12'2" x 8') - Carpet flooring, smooth walls and ceilings, radiator, power points, UPVC double glazed window to the side elevation

Shower Room - 1.50m x 2.57m (4'11" x 8'5") - Vinyl flooring, smooth walls with tiled splash backs, wash basin, shower cubicle, toilet, built in storage, UPVC double glazed window to the front elevation

Leasehold Information - Lease Length : New 150 year lease.

Buildings Insurance: 25% of the annual insurance which for 07.01.19 – 06.01.20 was £1,197.27 for the building so £299.32 per flat.

Service charge – costs are shared, on an as and when incurred basis. Only recent costs relate to a roof repair - £180 charged to this flat 11/04/19

The ground rent will be a peppercorn.

Please note that Bernard's Estate Agents have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.

Council Tax Band A - Portsmouth City Council: £864.99 Hampshire Fire & Rescue: £45.14 Police and Crime Commissioner: £134.31 Total: £1110.57

Anti-Money Laundering (Aml) - Bernards Estate agents have a legal obligation to complete anti-money laundering checks. The AML check should be completed in branch. Please call the office to book an AML check if you would like to make an offer on this property. Please note the AML check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the AML check being completed

Offer Check Procedure - - If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.

Removal Quotes - As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.

Solicitor - Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.

Staff Disclosure - We hereby disclose the fact that the Seller either works for Bernard's Estate Agents or is related to a member of staff. Please feel free to clarify the position with your local office.


More information from this agent

Listing History

Added on Rightmove:
17 May 2019

Nearest stations

  • Fratton (0.3 mi)
  • Portsmouth & Southsea (1.0 mi)
  • Portsmouth Harbour (1.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Bernards Estate Agents, Southsea

8 Clarendon Road, Southsea, PO5 2EE

02382 200014 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

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31bDevonshireSquarePortsmouth-High (1).jpg

To view this property or request more details, contact:

Bernards Estate Agents, Southsea

8 Clarendon Road, Southsea, PO5 2EE

02382 200014 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 (0.3 mi)
  • Portsmouth & Southsea (1.0 mi)
  • Portsmouth Harbour (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bernards Estate Agents, Southsea

8 Clarendon Road, Southsea, PO5 2EE

02382 200014 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.

Disclaimer - Property reference 28929338. 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 Bernards Estate Agents, 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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