Small one-bedroom flat near Ocean Village — ideal for student rental or city-based buyers..
One double bedroom; compact open-plan living and kitchen
About 352 sq ft — small, efficient city accommodation
138 years remaining on lease — long leasehold term
Service charge approximately £1,900 per year
Ground rent £200 per year
High flood risk — may affect insurance and suitability
Electric storage heating; running costs likely higher than gas
Communal roof terrace, lift, security entry and double glazing
This compact one-bedroom flat sits on Anglesea Terrace in a cosmopolitan, student-dominated area of Southampton. At about 352 sq ft, the purpose-built apartment offers straightforward low-maintenance living with double glazing, electric storage heating and lift access — suited to rental use or a first-time buy-in-the-city.
The building includes a communal entrance with security entry, lift, and a communal roof terrace with wide views over Southampton. The apartment plan comprises an open-plan sitting room with a compact fitted kitchen, one double bedroom, bathroom with shower, and useful hallway storage — compact accommodation designed for efficient city living.
Financially the property is clear for investors: a long lease (about 138 years remaining), modest ground rent (£200 pa) and a higher-than-average service charge (c. £1,900 pa). Council tax is very low, and the location is within walking distance of Ocean Village, Oxford Street and the city centre, supporting strong tenant demand in this multicultural student neighbourhood.
Important negatives are factual and material: the flat is small (352 sq ft) and lies in a high flood-risk area, which may affect insurance costs and tenant suitability. Heating is electric storage, which can mean higher running costs compared with gas. Prospective buyers should factor in these running-cost and flood-related considerations alongside the service charge when assessing yield or affordability.