Property photos
Freehold
£485,000
6 bed property for sale
Lawrence Road, Southsea PO56 beds
2 baths
1 reception
EPC rating: D
Key Information
Tenure:
Freehold
Council tax band:
C
Local area information
Property location
Nearby amenities
- Southsea Infant School 0.1 miles
- Craneswater Junior School 0.2 miles
- Fratton 0.6 miles
- Portsmouth & Southsea 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Southsea and Portsmouth to find out more about the local area.
Features and description
- Freehold
- 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%
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.
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.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
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Listed by
Tully and Co
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Property descriptions and related information displayed on this page are marketing materials provided by - Tully and Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Tully and Co for full details and further information.