Summary - West Street, Fareham, Hampshire, PO16 PO16 0ET
6 bed 6 bath Apartment
**Standout Features:**
- Block of 6 well-presented apartments with freehold included; no service charge or ground rent.
- Current rental income of £51,180 per annum with potential to increase to £62,640 per annum, offering an exceptional yield of over 8.2%.
- Located within walking distance to Fareham Train Station, Town Centre, and local amenities.
- Chain-free sale, allowing for a swift transaction.
**Property Summary:**
This Edwardian block of six apartments presents a lucrative investment opportunity with a solid rental income stream and the potential for enhancement. The apartments are all currently let, neatly configured with one-bedroom and studio layouts across three floors. With the inclusion of freehold ownership, you can enjoy the benefit of no additional service charges or ground rent, heightening the investment appeal.
The location is advantageous; set on West Street, it is conveniently close to Fareham's amenities and transport links, perfect for tenants. Given the currently average crime rate in the area and the properties' modest upkeep needs, including some potential modernization, this block invites both seasoned investors and possibly first-time buyers seeking a reliable rental income source.
**Considerations:**
While the properties are in good condition, the lack of insulation in the solid brick walls and other renovation potentials may require future attention. The demand for housing in this sector reflects a communal retirement focus, further cementing its appeal for long-term tenancy. An early viewing is highly recommended to explore this unique investment before it slips away.
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