CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £215,000 - Available

Northney Road, Hampshire

3 bedroom - Semi
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TO BE SOLD BY PUBLIC AUCTION THURSDAY 21st NOVEMBER 2019.GUIDE PRICE: £215,000+OF INTEREST TO INVESTORS ONLY: enjoying a SOUGHT-AFTER LOCATION and with CONSIDERABLE FUTURE POTENTIAL, this charming THREE BEDROOM SEMI-DETACHED COTTAGE-STYLE PROPERTY is currently LET on a SECURE STATUTORY (LIFETIME) TENANCY at £8,840 p.a., and benefits from open aspect, long rear garden, off-street parking, and double-glazing.Northney Road is a desirable North Hayling semi-rural address lying immediately to the east of the island''s access road, the A3023, overlooking fields and recreation area to the south, and with common land behind, beyond which is Northney Marina.Dating from the 1920s/30s, No. 7 has brick and pebbledash-rendered elevations under a slate roof. It stands in a large plot, having a depth of around 175ft, providing off-street parking at the front and a generous, well-screened garden at the rear. Whilst benefitting from replacement double-glazing, the overall presentation of the property is somewhat basic. As stated, it is now LET on a SECURE STATUTORY (namely LIFETIME) TENANCY at a current Registered rent of £170 per week, the sole male occupant being 58 years of age, in possession for some 52 years, having inherited the tenancy from his grandparent, and with no live-in dependents.

A relatively modest current gross yield of around 4.1% p.a. is counter-balanced here by a very strong hypothetical Vacant Possession value (similar examples, refurbished and extended, fetching £400,000-plus) and the presence of clear and considerable future potential. Overall an attractive and worthwhile addition to any investment portfolio. Full details are given as follows:


Approached from the side of the property via UPVC door to:

ENTRANCE HALL
Stairs to first floor having built-in cupboard under.

BATHROOM & W.C.
White suite comprising: panelled bath, pedestal handbasin, and low flush w.c. UPVC replacement obscure double-glazed window.

LIVING ROOM 12'0 x 11'11
UPVC replacement double-glazed window to front elevation. Enclosed fireplace.

KITCHEN/BREAKFAST ROOM 12'1 x 10'7
Fitted base and wall cupboards, single drainer stainless steel sink unit (installed by tenant we are told). Two UPVC replacement double-glazed windows to side elevation. Fitted dresser. Built-in cupboard. UPVC and double-glazed rear entrance door.

FIRST FLOOR

LANDING
Access to Loft Space.

BEDROOM ONE 12'0 x 11'11
UPVC replacement double-glazed window to front elevation. Enclosed fireplace.

BEDROOM TWO 12'0 x 12'0
UPVC replacement double-glazed window to rear elevation. Fireplace.

BEDROOM THREE 9'11 x 6'0
UPVC replacement double-glazed window to side elevation. Hot water tank.

OUTSIDE
The property stands upon a generous plot extending to an overall depth of some 175ft or thereabouts.
FRONT: Deep garden forecourt, laid to lawn with hedge surround. A dropped kerb allows access to off-street parking.
REAR: Long garden with mature trees and shrubs, bordering common land at the rear. Wide sideway.

COUNCIL TAX
Band 'C' - £1,520.47 per annum (2019/20) - Havant Council.

VIEWING
Strictly by appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17175/023041)


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Key Contacts

Southsea Office

7 Clarendon Road, Southsea, Portsmouth
Hampshire PO5 2ED

Tel: 023 9286 4321

Robin Evans - Head of Residential Sales
robinevans@nesbits.co.uk

Kim Evans - Senior Negotiator
kimevans@nesbits.co.uk

Hannah Prichard - Sales Assistant
hannah@nesbits.co.uk

Jackie Evans - Sales Assistant
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove