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1 bedroom apartment for sale
Albert Road, Southsea
£150,000
Albert Road, Southsea
£150,000
Our Summary
- INVESTMENT OPPORTUNITY WITH 7
- INVESTMENT OPPORTUNITY & SHARE OF FREEHOLD
Description
This is an investment opportunity offering a 7.2% gross rental yield. The property is a 1-bedroom, 2nd-floor apartment with allocated parking and share of freehold, currently let to tenants paying £900 per month with an Assured Shorthold Tenancy until February 2026. The apartment features a double bedroom, lounge, fitted kitchen, and bathroom, with double glazing, gas central heating, and parking accessed via a secure gated entrance. Located in Albert Road, the property is close to amenities, bus routes, and the train station, with the seafront and Palmerston Road Shopping Precinct within walking distance. The property has a 999-year lease from 2002, with a service charge of £1,391.36 per annum and no ground rent.