Summary - 1A FLAT 2 ARCHERS ROAD SOUTHAMPTON SO15 2TA
1 bed 1 bath Flat
Low-maintenance city flat with parking and reliable rental income.
- Compact one-bedroom apartment, 374 sq ft (small)
A compact one-bedroom flat on Archers Road offering straightforward, low-maintenance living and strong rental potential. The open-plan living area and modern fitted kitchen with integrated appliances make efficient use of the 374 sq ft layout. The property sits on the second floor (stair access) of a modern building with secure intercom, allocated off-street parking and communal gardens.
For investors this is a ready-made let: currently tenanted on a monthly periodic basis at £900pcm (annual rent £10,800) giving a gross yield of around 5.4% after service charge and ground rent. Practical assurances include an EPC B, an annual landlord gas safety check and an EICR completed September 2022. The flat is chain free and has 107 years remaining on the lease.
Buyers should note the flat is small and best suited to one occupant or a couple; storage is limited to two hallway cupboards. The service charge (c. £2,300pa) and ground rent (£150pa) are notable running costs that reduce net yield for investors. The building has stair access only. The surrounding area is busy and has higher local crime levels, so purchasers should factor location and security into their decision.
Positioned close to Bedford Place, Portswood, Southampton University, the General Hospital and public transport links, the location offers convenience for students, professionals and commuters. The flat suits investors seeking an income-producing asset or owner-occupiers wanting a low-upkeep city base with easy access to local amenities.
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