This is a cracking little two bedroom semi-detached freehold
property situated in Freemantle. The
property comprises two good sized double bedrooms, three reception rooms,
kitchen, downstairs WC and family bathroom. A key feature of this property is
the off road parking and a lovely private rear garden. The property would
benefit from modernisation, bathroom, kitchen etc. Given its proximity to
Southampton Central train station (0.5 of a mile) and the city centre it will
appeal to a varied tenant pool and will command a rent of £850pcm. Gross yield
based on asking price of £165K is good at 6.2%. Yield should end up at circa 6%
post refurb and final negotiation on price.
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