CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Price £175,000 - Available

Merton Road, Hampshire

2 bedroom - Flat
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Description

OF INTEREST TO INVESTORS ONLY: enjoying a SOUGHT-AFTER LOCATION in the heart of CENTRAL SOUTHSEA, this WELL-APPOINTED purpose-built TWO DOUBLE BEDROOM GROUND FLOOR APARTMENT is LET CURRENTLY AT £795 P.C.M., equivalent to a gross annual yield of 5.5% approx. Part of an historic Conservation Area (Owen''s Southsea), Merton Road winds between Grove Road South and Victoria Road South, "Selma Court" standing on the south side at the junction with Nelson Road. This desirable, tucked-away, yet very convenient residential address places a comprehensive range of public amenities within a radius of some one mile only, including: The Seafront, Southsea Town Centre (Palmerston Road Shopping Precinct), University Campus, various good schools, main-line stations, Gunwharf Quays retail and leisure complex, and the many attractions of maritime Old Portsmouth.

Within a mid-1960s'' four-storey development, Flat 3 is presented to good standard and benefits in particular from gas fired central heating, replacement double-glazing, equipped kitchen, and secure entry. It is let currently on an Assured Shorthold Tenancy (now holding over on a month-to-month basis) at £795 p.c.m. and is considered to represent a very worthwhile addition to an investment portfolio. Full particulars are given as follows:


Pair of glazed main doors, with SECURITY ENTRY SYSTEM, to:

COMMON HALLWAY
Stairs to upper floors. Door to rear of building.

FLAT 3

'L'-SHAPED ENTRANCE HALL
Built-in cloaks and storage cupboard with electricity meter and circuit breakers. Built-in linen cupboard. Double built-in storage cupboard. Double panel radiator. Security intercom telephone.

BATHROOM & W.C. 8'5 x 4'8
Contemporary white suite comprising: panelled bath with mixer tap plus independent shower mixer, pedestal handbasin with mixer tap, low flush w.c. Vertical radiator/towel rail. Part-tiled walls. UPVC replacement obscure double-glazed window.

KITCHEN 11'9 x 8'4
Fitted and equipped with: range of gloss-white base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring ceramic hob with extractor canopy. Plumbing for washing machine, space for tumble dryer. Serving hatch to Living Room. 'Glow-worm' gas fired central heating and hot water boiler. UPVC replacement double-glazed window to rear elevation.

BEDROOM ONE 13'9 x 10'7
UPVC replacement double-glazed window to side elevation. Double built-in wardrobe. Double panel radiator.

BEDROOM TWO 13'7 x 7'10
UPVC replacement double-glazed window to side elevation. Double built-in wardrobe. Double panel radiator.

LIVING ROOM 17'5 x 11'7
Coved ceiling. UPVC replacement double-glazed window to rear elevation. Double panel radiator.

OUTSIDE
Communal lawned and tree-planted gardens to front and rear of the building.
Lock-up personal STORE.

GENERAL INFORMATION
Tenure: 150 years Leasehold from 24th June 1965 (94 years remaining).
Maintenance Charge: £425.33 per half year (to 24th June 2021).
Ground Rent: £15pa.
Council Tax: Band 'B' - £1,416.93 per annum (2021-2022)

EPC 'C'
Https://find-energy-certificate.digital.communities.gov.uk/energy-certificate/9728-8099-6234-6008-3924

VIEWING
By appointment with SOLE AGENTS,
D M NESBIT & CO.
(17424/028174)


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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

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