A one bed unit in this ex council scheme has just come on
the market at £90k. It is in very good condition and has the benefit of a
garage. It extends to 522 sq. ft. and is on the top floor. It is well located
off Weston Lane and is close to Southampton City centre, Southampton water and
the road network. It is also well serviced by local buses. It will appeal to a
varied tenant pool and will command a rent of £550pcm - we are checking a tenant into the block
opposite in a few days at that rental level. Gross yield is good at 7.3% and
the properties requires no work. You will need to check the length of the lease
and services charges should be low. This is a nice buy 2 let, maybe one to
start your portfolio with!
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