Property type: One-bedroom flat
Asking price: £110,000
Looking for a high-performing investment property offering a return of almost 6.5 per cent? If the answer is yes, this property in Portsmouth could be the one for you.
Located in Twyford Avenue, the one-bedroom flat is offered for sale with a tenant in situ, meaning its new owner can benefit from a rental income from day one.
The flat currently achieves a monthly rent of £595 (£7,140 per annum), delivering an overall return on investment of 6.49 per cent – far exceeding the rewards of many other investment types including savings accounts.
As the property has been managed by Leaders prior to its anticipated sale, further tenancy details and rental history is available on request, helping you to build a stronger picture of the flat and its potential.
The property itself is comprised of spacious accommodation on the first floor including a lounge, double bedroom, shower room and fitted kitchen. It also comes with the added bonus of a private garage.
Its position in Stamshaw also means it is ideal for those who require easy access to the city centre, Southsea or the M27.
For more information or to arrange a viewing of the flat please contact Leaders in Portsmouth on 02392 663060.