Andover, SP10 2FX | Investment Property for Sale | VES-SP10-001

Opportunity to purchase an apartment in Andover generating £7,800 rent pa & gross yield of 5.4%

£145,000

Apartment

VES-SP10-001

INITIAL INVESTMENT

£43,100

Based on

deposit: £36,250

stamp duty: £4,350

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,800

GROSS YIELD

5.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

1 bedroom

1 bathroom

1 reception room

483

Unfurnished

Please note that this property is also part of a larger portfolio listing.

Leasehold information

  • Ground rent: n/a
  • Service charge: n/a
  • Length of lease: 999 years
  • Year lease started: 2015

Property information

  • Located on the ground floor
  • Open plan kitchen/reception area
  • Comes with designated off-street parking
  • Built in 2015
  • EPC rating B
  • Monthly rental income £650

Property location

The property is situated off the main roads and is a few minutes walk from Andover town centre.

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£7,800 p.a. / £650 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

5 months ago

TENANCY AGREEMENT ENDS

7/31/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Andover, Hampshire

Andover is a town in Hampshire, south-east England, and lies around 18 miles west of Basingstoke, 15 miles north-west of Winchester, 25 miles north of Southampton and 65 miles west of London.

The A303 bounds Andover south of the town and links it to London. Andover also has good links to Reading and Swindon, the M4 motorway and to Birmingham and beyond.

Andover railway station is located in the town centre and operates trains to Salisbury, Yeovil Junction, Exter St Davids, Basingstoke and London Waterloo. Some of the local attractions include Finkley Down Farm, Andover Museum and Museum of the Iron Age, Anton Lakes, Rooksbury Mill, Army Flying Museum and Hawk Conservancy Trust.

The local employers include a number of well-known brands such as Co-op Food, Abel & Cole, Ocado, Le Creuset and Stannah Stairlifts. The British Army also calls Andover home to their new headquarters. And there are a large number of smaller businesses in Andover which are located in the main business parks: Andover Business Park, Portway East and Portway West Business Parks and Walworth Business Park.

Wolversdene Road,

Andover,

Hampshire,

England,

SP10 2FX

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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