Offers Over £90,000

1 Bedroom Flat for Sale

Powerscourt Road, Portsmouth

Offers Over £90,000

Key Features

  • INVESTMENT OPPORTUNITY
  • 6% RENTAL RETURN
  • LONG LEASE
  • TOP FLOOR
  • CENTRAL LOCATION
  • SOLD WITH TENANT IN SITU
  • NO FORWARD CHAIN
  • ONE DOUBLE BEDROOM
  • MODERN KITCHEN
  • A MUST VIEW

Full Description

CALLING ALL BUY-TO-LET INVESTORS...NO FORWARD CHAIN...SOLD WITH TENANT IN SITU

Bernards Portsmouth are delighted to welcome to the sales market, this wonderful investment opportunity in the heart of North End, in walking distance of many local amenities.

This wonderfully converted apartment, comprises of an open plan lounge/kitchen area, along with a double bedroom and shower room

If you are considering buying this property as a buy to let investment, we can advise that the current owner achieves ? 525 PCM. This provides a 6% gross return based on the current asking price. If you would like to book an internal viewing, or if you would like any further information about our residential letting services or just require general lettings advice, please call us on 023 92 696 811or email portsmouth@bernardsestates.co.uk

Exterior - Top floor apartment, accessed through communal front door. Enclosed bay and forecourt

Kitchen/Living Area - 3.86m x 3.20m (12'8" x 10'6") - The kitchen area has vinyl flooring, smooth walls with a tiled splash back, a matching range of base and wall units, with space and plumbing a washing machine and an integrated electric oven and hob with stainless steel extractor fan. The kitchen area also has roll top work surfaces with a stainless steel sink/drainer. The kitchen is open plan to the lounge, which has laminate flooring, smooth walls and ceilings, electric wall mounted heater, power points, UPVC double glazed window to the rear elevation

Bedroom - 3.07m x 2.26m (10'1" x 7'5") - Laminate flooring, smooth walls and ceilings, electric wall mounted heater, power points, UPVC double glazed window to the rear elevation, door to the shower room and lounge

Shower Room - 0.79m x 2.26m (2'7" x 7'5") - Vinyl flooring, smooth walls and ceilings with tiled splash backs, wash basin, toilet and shower cubicle, motion activated ceiling light

Anti-Money Laundering (Aml) - Bernards Estate agents have a legal obligation to complete anti-money laundering checks. The AML check should be completed in branch. Please call the office to book an AML check if you would like to make an offer on this property. Please note the AML check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the AML check being completed

Council Tax Band A - Portsmouth City Council: ?864.99 Hampshire Fire & Rescue: ?45.14 Police and Crime Commissioner: ?134.31 Total: ?1110.57

Leasehold Information - For the period 1/1/19 to 30/6/19 :-

Service Charges = ?517.61.
Ground Rent = ?100.00.

For the period 1/7/19 to 31/12/19 :-

Service Charges = ?338.99.
Ground Rent = ?100.00.

Therefore, Total Service Charges for the year = ?517.61 + ?338.99 = ?856.60.

Therefore, Total Ground Rent for the year = ?100.00 + ?100.00 = ?200.00.

Term for which the Property is Leased is 125 years starting on 1 June 2015 and ending on 31 May 2140.

Please note that Bernard's Estate Agents have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.

Offer Check Procedure - - If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.

Removal Quotes - As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.

Solicitor - Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.

Letting Information - If you are considering buying this property as a buy to let investment, we can advise that the current owner achieves ? 525 PCM. This provides a 6% gross return based on the current asking price. If you would like any further information about our residential letting services or just require general lettings advice, please call us on 023 92 696 811or email portsmouth@bernardsestates.co.uk

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