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
No comments:
Post a Comment