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£140,000
Available

Wheatstone Road, Hampshire
3 bedroom - Terraced
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ACCOMMODATION
The interior has NOT been inspected. The Rent Register states that it affords: 3 Bedrooms, 2 Living Rooms, Kitchen and downstairs Bathroom.

CONDITION
Heresay evidence suggests the overall state to be average for this type of property but no assurances can be given. The tenant has been in dispute with the current Landlord over various repairs, it being our understanding that the owners had accepted liability but access to undertake works had been denied by the occupant. Details of these works (as referenced in correspondence from Portsmouth City Council Private Sector Housing) will be included in the Auction Legal Pack.

GENERAL COMMENTS
Notwithstanding condition and access issues, it is considered that a very respectable gross yield here of around 6.5% p.a., combined with a good hypothetical Vacant Possession uplift, result in this opportunity being a worthwhile addition to an investment portfolio.

COUNCIL TAX
Band 'B' - 1,295.66 per annum (2019/20)

VIEWING
Internal access to the property will NOT be granted.

(17148/021025)

AUCTION VENUE
The Royal Maritime Club & Hotel, Queen Street, Portsmouth PO1 3HS

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Next Property Auction: 25/07/2019
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 5th September 2019

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 30th May 2019
 
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