Summary - Flat 1, 97b, Palmerston Road PO5 3PR
1 bed 1 bath Apartment
**Property Highlights:**
- Seafront location near Southsea Common
- First-floor apartment with bay-windowed living room
- Share of freehold with the option to extend the lease
- Currently tenanted, offering a 6.1% gross yield
- Ideal starter home and rental investment
This charming first-floor flat situated in sought-after Southsea provides a remarkable blend of comfort and investment potential. With a cozy living room featuring a stunning box bay window, a well-equipped fitted kitchen, and a generous double bedroom adorned with built-in wardrobes, this property is perfect for first-time buyers or as a long-term rental opportunity. Currently tenanted at £825 per month, it showcases a solid gross yield that could appeal to astute investors.
While the share of freehold offers added value, it's important to note that the property has 76 years remaining on the lease, which may affect mortgage availability. The property is conveniently situated within walking distance of local amenities, green spaces, and a vibrant community, although prospective buyers should be mindful of the area's high crime rate and overall deprivation status. The property features double glazing, ensuring an energy-efficient space, but the electric storage heating system may require future updates for optimum comfort. This flat presents a unique opportunity to invest in a desirable location, so don't miss your chance to explore its potential!
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