Investment Property of the Month: February

Tue 16 Feb 2016

Property type: One-bedroom flat
Location: Ocean Village
Asking price: £149,950
Rent: £645pcm
Yield: 5.2 per cent

Our Investment Property of the Month for February is this one-bedroom flat in Ocean Village, Southampton, which is available to buy with a tenant in situ.

The flat is positioned within the highly sought-after Admirals Quay development, which is popular with tenants for its spacious rooms, modern décor and waterside location.

It is tenanted until at least September 2016 and the current tenant has lived at the address since 2012. What’s more, the property has been let by Leaders since March 2007, so we are able to provide buyers with full maintenance and rental history.

With an asking price of £149,950 and monthly rental income of £645, the apartment delivers a yield of 5.2 per cent.

Among the highlights of the property are its large, open-plan living area and dining space, as well as a modern fitted kitchen. There is also a well-sized double bedroom and a family bathroom.

The flat is currently let on a furnished basis, so all existing furnishings - including a washing machine, fridge-freezer, dishwasher and electric oven and hob - are included in the sale.

For more information or to arrange a viewing of this property, please contact our Investor Network team on 01273 744881 or email invest@leaders.co.uk.