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Monday, 12 January 2015

Nice Southampton 1 bed unit could yield 6.6%




This is a great top floor 1 bed flat in a modern block which extends to 49sqm. It is very well located being just over 0.3 mile from Southampton Central Train Station. It is equally well positioned for the city centre, universities and the General Hospital. It also has the added benefit of off street parking which is vital in this area. Your tenant pool will be varied including professional, post grads and workers. Given its proximity to the station and city centre voids will be minimal.  It has been on the market for a while and is a little overpriced at £125k, around the £110k to £115k level it makes sense as it will let at £635pcm. Based on asking price gross yield is light at 6.1%, at £115k you’re on the money with a 6.6% yield

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