>
1 bedroom flat for sale
Orchard Place, Southampton, SO14
£170,000
Orchard Place, Southampton, SO14
£170,000
Our Summary
- Fantastic hands-off investment opportunity
Description
This one-bedroom apartment in Southampton's city centre is an ideal buy-to-let investment opportunity, with a long-standing tenant already in place and a 12-month tenancy agreement. The property is located in the popular Oxford Heights development, with a secure entry system and a well-kept communal interior. The flat itself offers a light and airy open-plan kitchen/living area, a good-sized double bedroom, and a modern bathroom. With a rental income of £1,100 per month, the property offers an attractive gross yield of approximately 7.76%. The building is well-maintained and managed, and the location is perfect for professionals who commute locally or further afield, with easy access to Southampton Central station and the M27. The property is available with a leasehold tenure and a 114-year lease, and the council tax band is A. With a range of amenities nearby, including WestQuay Shopping Centre and Ocean Village Marina, this is a fantastic hands-off investment opportunity.