5 bedroom end of terrace house for sale

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5 bedroom end of terrace house for sale

Hudson Road, Southsea.
£349,000

Price History

Initial price £369,000
06/04/24 £361,000
28/06/24 £349,000
Price Change -5.42%

Description

Soane is excited to present this exceptional five-bedroom end terrace property, cleverly divided into a self-contained ground floor two-bedroom flat and a first-floor three-bedroom maisonette. This unique opportunity comes with the freehold, making it an attractive proposition for investors looking to expand their portfolio. Both residential units are currently tenanted, offering a steady income stream with the potential for increased rental yields once the existing leases expire. The ground floor flat is currently let at £810 per month, with a review due in April 2024, and the first-floor maisonette at £810 per month, which is due to end in June 2024. With strategic improvements, the property's rental potential is expected to rise significantly, promising a lucrative gross yield of 7.15% once optimized. The ground floor comprises a welcoming reception room, two well-proportioned double bedrooms, a bathroom, and a kitchen leading to a private garden. The first-floor maisonette boasts an open-plan kitchen/lounge, three bedrooms, a bathroom, and benefits from ample natural light. This property represents a rare and valuable opportunity for discerning investors and homeowners alike.