Summary - 38 OAKLEY ROAD, SOUTHAMPTON SO16 4LG
2 bed 1 bath Flat
Bright, chain-free apartment with parking and modern kitchen near shops and transport.
Share of freehold with 999‑year lease remaining
Light, low-maintenance two-bedroom apartment in a small block of just three flats, offered chain-free with a 999‑year lease and a share of the freehold. The apartment has a modern fitted kitchen with integrated appliances, a spacious living room and allocated off-street parking — practical features for everyday living or a buy-to-let.
The property is neutrally presented and bright, ready for a purchaser to move in or re-let immediately. EPC B and fast fibre broadband add to running-cost confidence. The location in Shirley places shops, cafes, Southampton General Hospital and the central train station within easy reach, with good road links to the M27 and M3.
Practical points to note: the small building means owners manage costs directly but there will be an administrative charge if transferring the freehold to a single owner. The current service charge is around £1,700 per year (includes insurance and a third‑party management fee). The block has solid brick walls (no confirmed cavity insulation) which could mean higher heating costs than modern insulated builds.
This apartment will suit first-time buyers looking for an easy-to-run home near amenities or investors seeking a straightforward let; recent rental history suggests a gross yield of about 6.7% at current asking price, after service charges. Chain-free sale and long lease length reduce transaction risk, but prospective buyers should check the freehold transfer cost and confirm any outstanding management liabilities before exchange.
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