Summary -
Flat 4 Simco Court,81, Northlands Road,SOUTHAMPTON,SO15 2DQ
SO15 2DQ
1 bed 1 bath Flat
One-bedroom buy-to-let near Southampton City Centre, strong rental yield potential.
Sold with tenant in situ, achieving £1,000 pcm
A compact one-bedroom ground-floor apartment in Banister Park, offered with a sitting tenant currently paying £1,000 pcm. The open-plan living space and modern gloss kitchen make the flat easy to let to local students and young professionals who value proximity to Southampton city centre, Bedford Place and good transport links. The communal garden and bike store add practical appeal for tenants.
This is a clear income-focused opportunity: at the guide price of £100,000 and a current rent of £1,000 pcm, the property delivers a strong gross yield. The lease has approximately 118 years remaining and service charges and ground rent are modest, helping running costs stay predictable for a landlord.
Buyers should note the purchase route and costs: the property will be sold via online auction and is subject to a non-refundable reservation fee of 3.6% (minimum £5,940) plus the usual 10% exchange deposit and 28-day completion. The flat is sold with a tenant in situ (tenancy details available) and heating is electric, which may affect long-term running costs and tenant appeal.
Overall this flat suits investors seeking immediate rental income in a cosmopolitan student and professional neighbourhood. It needs little redecoration and offers straightforward management but buyers must factor auction fees, the existing tenancy, and electric heating into their calculations.
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