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1 Bed Flat For Sale Western Parade, Southsea, PO5

£165,000- Ground Floor Flat

Yield: 5.09%
1 of 15
Yield: 5.09%
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  • Rental Guide: £560 - £700
  • 1 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Lovely One Bedroom Garden Flat
  • Excellent Location Opposite Southsea Common
  • Short Walk To Main Shopping Precinct & Seafront
  • Open Plan Living Room & Kitchen With Appliances
  • Bedroom And Bathroom
  • Gas Central Heating & Double Glazing
  • Good Size Decked Rear Garden With Rear Access
  • Useful Communal Cycle Store
Last Updated: 27th January 2020

Description

Fry & Kent has pleasure in marketing for sale this one bedroom GROUND FLOOR apartment with its own private rear garden located in an excellent residential setting opposite Southsea Common. As part of the Seafront CONSERVATION Area, the property is conveniently within a short walk of the main shopping precinct at Palmerston Road and the many bars, cafes and restaurants virtually on your doorstep. Ideal for first time buyers, investors or even your bijou HOME BY THE SEA, the apartment comprises; entrance hall, open plan living/kitchen, bedroom and bathroom together with gas central heating and double glazing throughout.The rear garden is of generous proportions and benefits from a gated rear access.

Entrance Hall

Open Plan Living Room/Kitchen - 14' 10'' x 13' 5'' (4.52m x 4.09m)
With integrated oven, hob, fridge/freezer, double glazed French doors to rear garden

Bedroom - 11' 4'' x 8' 8'' (3.45m x 2.64m)

Bathroom - L-Shaped 11' 4'' x 10' 8'' overall (3.45m x 3.25m)

Rear Garden - 20' 4'' x 18' 10'' (6.19m x 5.74m)
Via small Terrace and steps down to private garden with rear gate access.

AGENTS NOTES
Tenure: LeaseholdTerm: 125 years with 106 years remainingGround Rent: £150 paService Charge: £1400 paEPC Rating: 'D'Council Tax Band: 'A'
Agent Details
Fry & Kent
7, Stanley Street, Southsea, PO5 2DS
Show Contact Number
023 9281 5221

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
4.6

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Very good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£4950
9.7

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
1 bedroom properties in close proximity are mostly listed £470 - £700 – 14 recently listed properties were found in that band. However, the highest were £775, £750, £750.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested