Summary - 21 BINSTEAD CLOSE SOUTHAMPTON SO16 3DT
3 bed 1 bath Terraced
Long‑term tenant, immediate income — ideal for an investor prepared to improve the property..
Long‑term tenant in situ producing £11,400 pa (c.5.8% yield).
Freehold three‑bed mid‑terrace, approx. 457 sq ft.
Refitted kitchen/dining room; dual‑aspect sitting room.
Front and rear gardens; off‑street parking for one vehicle.
EPC rating E; electric storage heaters (higher running costs).
Possible ageing exterior (asbestos siding and roof wear noted).
Cavity walls likely uninsulated; scope to improve energy efficiency.
Small plot and compact internal size; limited extension potential.
A long‑term tenant and immediate rental income make this three-bedroom mid-terrace a straightforward addition to an established buy‑to‑let portfolio. The property produces £11,400 pa (c.5.8% yield at the asking price) and is sold freehold with no onward chain, so completion can be pragmatic for an experienced landlord.
Accommodation is sensibly laid out over two floors with a dual‑aspect sitting room, refitted kitchen/dining room, three bedrooms and a ground‑floor bathroom. The house has abundant built‑in storage and both front and rear gardens; the front incorporates hardstanding for one vehicle and there is additional residents’ parking in the cul‑de‑sac.
Practical drawbacks are material and should be budgeted for: the EPC is rated E and the home is heated by electric storage heaters, which will affect running costs and appeal to some tenants. The building date (1950s–1960s) and exterior photo notes suggest aging materials — possible asbestos cladding and roof wear — and cavity walls are assumed to lack insulation. The property is compact (approx. 457 sq ft) and sits on a small plot, so scope for extension is limited without planning work.
This is best suited to a hands‑on investor prepared to maintain and improve an older rental property, or a buyer seeking a refurbishment project in a convenient Bassett location close to schools, green spaces and commuter routes. The low local crime rate, good mobile/broadband speeds and proximity to desirable schools support long‑term lettability once energy and external issues are addressed.
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