Summary - DORVAL HOUSE FLAT 1 SILVERDALE ROAD SOUTHAMPTON SO15 2NH
2 bed 1 bath Flat
Immediate rental income with strong tenant demand and long lease term.
- Tenants in situ producing £14,400pa (net yield 6.4% after charges)
- Long lease: 145 years remaining from 1972
- Refitted kitchen and bathroom; parquet flooring retained
- Service charge approx. £1,825pa; insurance extra £325.65
- Ground rent £15pa; council tax band A (£1,510.96)
- EPC rating D; electric storage heaters (higher running costs)
- External redecoration underway; on-street permit parking only
- Medium flood risk; property sold leasehold with tenancy
A well-presented second-floor apartment offered with tenants in situ, providing an immediate income stream and a reported net yield of 6.4% after charges. The long lease (145 years remaining) and recent internal updates — including a refitted kitchen, three-piece bathroom and preserved parquet flooring — reduce near-term capital spend and make this a straightforward buy-to-let opportunity.
The apartment has two generous double bedrooms, a large open-plan sitting/dining room and practical kitchen with larder cupboard. The block is undergoing external redecoration and the building benefits from double glazing installed since 2002, helping to maintain the property’s condition. On-street permit parking serves residents and the location offers easy access to Southampton Central, both universities and Bedford Place amenities.
Buyers should note the property runs on electric storage heaters and the EPC is rated D, which may affect running costs and tenant demand for the more energy-efficient market. Annual service charge and small ground rent apply; insurance is charged in addition. There is a medium flood risk for the area and the property is sold leasehold with associated outgoings.
Overall this apartment suits investors seeking a low-management, income-producing asset with solid tenancy and long lease length, or buyers prepared to move in when tenancy ends. It offers immediate cashflow with scope for future efficiency improvements to raise net returns.
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