Summary - ATLANTA COURT, 179 FLAT 1 STAMSHAW ROAD PORTSMOUTH PO2 8SD
1 bed 1 bath Flat
Tenanted buy-to-let with immediate rental income and refurbishment potential.
One-bedroom flat, approximately 377 sq ft
A compact one-bedroom flat in Stamshaw, Portsmouth, offered with a sitting tenant and immediate rental income. The property occupies 377 sq ft within a Victorian terrace and benefits from a communal rear garden and fast broadband — attractive features for a buy-to-let portfolio seeking reliable cashflow.
Current annual gross income is £9,900, representing a gross yield of about 8.6% at the asking price of £115,000. The tenancy has been long-standing with punctual payments and the tenants wish to remain, giving an investor immediate income and minimal void risk. Leasehold tenure has 95 years remaining.
Practical considerations: the flat is small and suited to single occupancy or couples; internal photos and floorplans are not included, so a physical inspection is recommended before purchase. The area is classified as deprived and the property may suit investors or developers targeting steady rental returns or light refurbishment. A buyer’s premium applies to the transaction process and should be factored into acquisition costs.
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