CHARTED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £140,000 - Available

Wheatstone Road, Hampshire

3 bedroom - Terraced
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Description

TO BE SOLD BY PUBLIC AUCTION THURSDAY 26th SEPTEMBER 2019.GUIDE PRICE: �140,000+OF INTEREST TO INVESTORS ONLY: currently LET on a SECURE STATUTORY (LIFETIME) TENANCY at �9,152 p.a., this well situated 3 BEDROOM HOUSE benefits from gas fired central heating and replacement double-glazing.Wheatstone Road runs between Fawcett Road and Francis Avenue, No. 12 being on the north side a short distance from the former. Parallel to, and just north of, Albert Road, this is a pleasant and popular residential address convenient to a wide range of public amenities, being less than one mile from Southsea Town Centre and The Seafront.This inner terrace late-Victorian family house has brick elevations under a modern tiled roof, the facade incorporating recessed porch and single bay window. It stands behind a shallow forecourt, whilst to the rear is a generous garden. As stated, the property is LET on a SECURE STATUTORY (namely LIFETIME) TENANCY at a current Registered Rent of �176 per week, the single male tenant being, he informs us, 63 years of age and having inherited possession from his mother in 2003.

There are no live in dependents. In addition to the referenced central heating and double-glazing, the property has been the subject of other recent minor improvements/repairs. Elsewise, as will be seen from the accompanying internal photographs, the overall presentation is below average. That being said, with a very respectable gross yield of around 6.5% p.a. and a strong hypothetical Vacant Possession uplift, this opportunity is considered a worthwhile addition to any investment portfolio. Full particulars are as follows:

RECESSED PORCH
UPVC and obscure double-glazed front door to:

ENTRANCE HALL
Part-glazed door to rear garden. Single panel radiator.

LIVING ROOM 13'0 x 9'10
Splay bay window with UPVC replacement double-glazing. Single panel radiator.

DINING ROOM 10'3 x 10'0
UPVC replacement double-glazed window to rear elevation. Fireplace. Single panel radiator.

KITCHEN 9'1 x 9'0
Fitted base and wall cupboards, single drainer stainless steel sink unit. Gas cooker point. UPVC replacement double-glazed window to side elevation. Single panel radiator. Door to:

REAR LOBBY
Part-glazed door to rear garden.

BATHROOM & W.C.
(a single-storey extension). Panelled bath, pedestal handbasin, low flush w.c. Two UPVC replacement obscure double-glazed windows. Extractor. Single panel radiator.

FIRST FLOOR

LANDING
Access to Loft Space.

BEDROOM ONE 12'1 x 10'11
Pair of UPVC replacement double-glazed windows to front elevation. Period fireplace. Single panel radiator.

BEDROOM TWO 10'3 x 10'1
UPVC replacement double-glazed window to rear elevation. Single panel radiator.

BEDROOM THREE 9'11 x 8'10
UPVC replacement double-glazed window to rear elevation. 'Ideal' gas fired central heating and hot water boiler.

OUTSIDE
FRONT: Walled forecourt.
REAR: Depth: 40'0 (12.19m) approx. Width: 13'9 (4.19m) Good-sized garden with northerly aspect.

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

VIEWING
Enquiries to AUCTIONEERS, D M NESBIT & CO., but please note that INTERNAL INSPECTION WILL NOT BE AVAILABLE in this case.
(17148/021025)


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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