Summary - Flat 8, 43-45, Elm Grove PO5 1JF
1 bed 1 bath Apartment
**Key Features:**
- Top floor one-bedroom apartment
- Tenant in situ, earning £600 pcm on a rolling contract
- Ideal for long-term rental investment or first-time home buyers
- Located in a vibrant, cosmopolitan student-friendly neighborhood
- Close to local amenities and public transport
- Service charge: £1,534; Ground rent: £50
This top floor apartment in central Southsea presents a fantastic opportunity for investors and first-time buyers alike. Currently tenanted at £600 per month, it offers a steady income stream and an ideal start on the property ladder. With a compact yet functional layout featuring a contemporary living room, modern fitted kitchen, one double bedroom, and a family bathroom, it stands out in a bustling urban environment known for its vibrant student and professional community.
While the property boasts a prime location and a steady rental yield, it is important to note that it requires modernization, especially in the living room and smaller utility space, where potential damp issues may arise. With 86 years remaining on the lease and very low council tax, along with excellent mobile and broadband connectivity, this property provides both comfort and future renovation opportunities. Seize this chance to secure a strong investment or a cozy starter home before it goes to auction—properties in such a desirable area don’t last long!
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