Summary - CHARTER HOUSE, 85 FLAT 58 CANUTE ROAD SOUTHAMPTON SO14 3FZ
2 bed 2 bath Flat
Immediate rental return in a student-focused city location.
Long-term tenant in place, producing £15,000 gross annually
Gross yield approximately 8.5% at asking price £177,000
Two bedrooms, two bathrooms, spacious lounge, modern kitchen
710 sq ft; average-sized city flat with balcony access
Leasehold with 101 years remaining — check terms
Buyers Premium payable to secure the sale
High local crime rate — may affect insurance and lettings
Fast broadband and excellent mobile signal, close to transport
This two-bedroom flat in Canute Road offers a ready-made buy-to-let with a long-term tenant in place. The property produces an annual gross income of £15,000, giving a strong gross yield of about 8.5% at the current asking price of £177,000. The apartment is 710 sq ft, with a spacious lounge, modern kitchen and two bathrooms, suited to rented occupancy in a busy city location.
The building is contemporary with large windows and balcony access, and the flat benefits from fast broadband and excellent mobile signal — attractive to student and professional tenants. The tenant has occupied the property for several years and intends to remain, providing immediate and predictable rental income for a purchaser.
Important considerations: the property is leasehold with 101 years remaining and a Buyers Premium will apply to secure the sale. The local area has a high recorded crime rate, which may affect lettings or insurance costs; purchasers should factor this in. The flat is presented as average-sized and well-kept, but buyers should review the Let Property Pack and tenancy documents for full investment detail before committing.
Overall, this is a practical addition for investors seeking immediate yield in a student/cosmopolitan rental market, with clear income history and convenient access to transport and local amenities. Balance the strong income profile against the leasehold status, sale fees and local crime profile when assessing long-term prospects.
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