5 Bed Apartment House For Sale Somers Road, Southsea, PO5

PROPERTY DESCRIPTION Discover something unique with this offering-a 3 Bedroom Maisonette and a 2 Bedroom Flat. Currently occupied, these properties hold the potential for a rental increase once the existing contracts come to an end, currently paying £1,620pcm (5.27% gross yield) with ground floor due rent review in April for 6-month contract to coincide with Maisonette end date. Potential for £2200pcm(7.15% gross yield), once works carried out.

As you step through the communal front door, your own front door opens into the reception area, featuring a spacious storage room. Moving down the hallway, the first double bedroom welcomes you, followed by a well-appointed bathroom. At the end of the hallway, discover the second double bedroom overlooking the private garden. The kitchen, equipped with a gas combi boiler, leads to a UPVC patio door, offering access to your private garden.

Heading upstairs to the first floor, you encounter the 3-bedroom maisonette. The front of the property boasts an open-plan kitchen/lounge area. Continuing through the hallway, you find the first bedroom and a well-appointed bathroom with a shower over the top. At the rear, bedroom two offers a delightful view of the garden. Ascending the next flight of stairs, the third bedroom unfolds, featuring built-in storage and a large Velux window, flooding the property with natural light.

These properties are a rare find, and with the potential for updates to enhance their value, there's an opportunity to increase the rent and yield. Don't miss the chance to explore the unique possibilities these properties offer. Sold with purchase of Freehold.