Immediate rental income in a modern block near central Southampton amenities.
- One double bedroom with expansive lounge and practical layout
- Currently tenanted, producing £9,000 gross annual income
- Sheltered off-street parking space included
- Leasehold tenure; check remaining term and service charges
- Medium flooding risk recorded for the area
- Located in a student/cosmopolitan neighbourhood; strong rental demand
- Area shows higher crime statistics; factor into management costs
- Buyers Premium payable on purchase
A practical one-bedroom flat in a modern purpose-built block on Carpathia Drive, offered with a sheltered parking space and an expansive lounge. The property is currently let and produces a gross annual income of £9,000, making it particularly suited to investors seeking an immediate income stream.
The flat is average in size with a well-equipped kitchen and a three-piece bathroom. Communal grounds are tidy and the building presents as well-maintained, with balconies and urban street views rather than countryside or waterfront vistas. Broadband and mobile signal are reported as good.
Important considerations: the property is leasehold, sits in an area with higher recorded crime, and has a medium flood risk. A long-term tenant is in place and does not intend to vacate, so the purchase would be as a buy-to-let investment unless vacant possession can be negotiated. A Buyers Premium will apply to secure the sale.
Overall this is a straightforward investment opportunity in a cosmopolitan, student-influenced neighbourhood. It will appeal to investors or developers looking for a let property with immediate rental income and potential to hold in a diverse Southampton lettings market.
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