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Property ID: 222440963
Monthly Income
£1,150
Current Yield
3.4%
Tenancy status
Tenanted
CapitalAppreciation
+4.5%
Key features
  • Portfolio of 2 Flats
  • Buy-to-Let Opportunity
  • Long Term Tenants Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
Description

A Portfolio of 2 Flats located in Southampton with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.


For investors looking for a rewarding investment, this is a brilliant opportunity!


The portfolio feature these versatile properties feature 2 comfortable bedrooms, 2 modern bathrooms, 2 bright reception rooms, access to both shared and private gardens, and the benefit of street and private driveway parking.


Occupancy Status


One flat is currently tenanted, providing immediate rental income, while the other is vacant—offering flexibility for owner-occupation or for securing a new tenancy at the current market rate.


Investment details


The portfolio currently produces an annual gross income of £13,800 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income1150/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£1150 pcm
Current Rental Yield
3.4%
Potential Market Value Rent
£1212 pcm
Potential Rental Yield
3.5%
Estimated Monthly Capital Appreciation
£1556
Area Capital Appreciation Rate
+4.5%

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Leasehold with 982 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided to Let Property and has been Verified.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
TBC
Factor Fees/Running Costs
£92
Total Estimated Costs
£92
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents
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Yearly Net Profit
Current Yearly Rent
£13,800.00
Annual Capital
Appreciation
£8,300.00
Yearly Ground Rent
Unknown
Yearly Factor Fee /
Service Charge
£1,104.00
Other Yearly Costs
None
Indicated
Annual Net Returns
£20,996.00