7 Tosson Close, Millbrook, Southampton, Hampshire (Archive)

> Six Bedroom HMO Licensed End Of Terrace House
> Currently Let Achieving Approx.£1,895 PCM Gross
> An Excellent Landlord Investment Opportunity

Guide Price: £180,000 Plus

Description:

Location

Tosson Close is a cul-de-sac of family sized homes located within short distance of good local amenities. The area offers a balance of both family and investment properties and is well served by local public transport and access to the M27/M3.

Accommodation

GROUND FLOOR: Entrance Hallway with Stairs to First Floor, Bedroom One, Bedroom Two, Bedroom Three, Shower Room, Open Plan Kitchen/Lounge Area. FIRST FLOOR: Landing, Bedroom Four, Bedroom Five, Bedroom Six, Bathroom. OUTSIDE: Front garden with hard standing. Enclosed rear garden with side pedestrian gate access.

Tenancy Details

We have been advised that the property is let on 6 individual room tenancy agreements achieving around £1,895 PCM (£22,740 PA). This is a gross figure with bills being the landlords liability to pay. This provides around a 10% yield on the investment after running costs. All buyers are advised to view the legal pack and satisfy their own enquiries over the tenancy status and running costs prior to bidding.

Tenure

Freehold

EPC Rating

D

Important Notice

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price. Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at. When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.