CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £75,000 - SOLD FOR £ 90,000 - Sold Subject To Contract

Stamshaw Road, Hampshire

1 bedroom - Flat
REQUEST DETAILS ARRANGE VIEWING

Call us now
Map
Print details

Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 27th FEBRUARY 2020.GUIDE PRICE: £75,000-£85,000.OF INTEREST TO INVESTORS IN PARTICULAR, ALSO OWNER-OCCUPIERS: this well-appointed ONE BEDROOM GROUND FLOOR FLAT benefits from gas central heating, equipped Kitchen, double-glazing, and private PATIO GARDEN with useful workshop. Currently vacant, it has a projected gross rental yield of around 9% p.a.Stamshaw Road runs from Rudmore Roundabout to Twyford Avenue, No. 12 being on the east side just a short distance from the former. This very convenient position places a wide range of public amenities within a radius of some one mile only, including: motorway link, Commercial Road Shopping Precinct, other local shops, main-line station, recreation facilities, schools, and Portsmouth University Campus.

Positioned at the rear of the building, the apartment is one of just two units within an end-terrace flat-fronted property of brick construction under a modern tiled roof. With the attractive asset of a private patio garden and useful workshop, it is considered an excellent small addition to an investment portfolio, having a very healthy potential return (based on a mid-Guide figure, and a rent of £600 p.c.m.). Full particulars are given as follows:


Main front door to:

COMMON HALL

GROUND FLOOR FLAT
Private front door to:

LIVING ROOM/KITCHEN 17'2 x 8'3
Coved, textured Artex ceiling. Oak flooring. UPVC replacement double-glazed window to side elevation. Double panel radiator.
Kitchen Area: fitted and equipped with base and wall cupboards, work surfaces with tiled surround, 1£ bowl stainless steel inset sink with mixer tap, fan-assisted electric oven, and 4-ring hob with extractor canopy. Plumbing for washing machine. Multi-pane glazed door to:

INNER LOBBY
Oak flooring. UPVC and obscure double-glazed door to outside.

BATHROOM & W.C.
Contemporary white suite comprising: tile-panelled bath with 'Triton' independent shower mixer, handbasin with mixer tap, and low flush w.c. Extractor. Towel rail/radiator. Electric fan heater. Tiled walls and floor.

BEDROOM 13'3 x 7'5
Coved, textured Artex ceiling. UPVC replacement double-glazed window to rear elevation. Cupboard housing 'Vaillant' gas fired central heating and hot water combination boiler. Double panel radiator.

OUTSIDE
REAR: Private patio garden 15'8 x 13'0 (4.78m x 3.96m) (plus sideway), laid to decking with walled and fenced surround together with planted borders.

WORKSHOP/STORE 10'6 x 5'10
UPVC double-glazed window and door. Paved floor. Light and power.

GENERAL INFORMATION
Tenure: 125 years Leasehold from 01.07.2007.
Maintenance Charge: See Legal Pack.
Building Insurance: 50% of the annual premium.
Ground Rent: £75 p.a.


COUNCIL TAX
Band 'A' - £1.110.57 p.a. (2019/20)

VIEWING
By appointment with AUCTIONEERS,
D. M. NESBIT & CO.
(17241/026085)


You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the website owner's express prior written consent. The website owner's copyright must remain on all reproductions of material taken from this website.

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 Negotiator
hannah@nesbits.co.uk

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

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove