Eastleigh, SO50 4JQ | Investment Property for Sale | VES-SO50-001

Opportunity to purchase an apartment in Eastleigh generating £9,000 rent pa and a gross yield of 4.6%

£195,000

Apartment

VES-SO50-001

INITIAL INVESTMENT

£88,650

GROSS RENT / YIELD

£9,000 / 4.6%

NET RENT / YIELD

£5,263 / 2.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£1,400

2 bedrooms

2 bathrooms

1 reception room

646

Partially Furnished

Leasehold information

  • Length of lease: 999 yeasrs
  • Year lease started: 2006

Property information

  • First floor apartment
  • Master bedrooms comes with ensuite
  • 1 allocated parking space
  • Managed and let by an agent
  • EPC rating B
  • Monthly rental income is £750

Notes

We are currently awaiting the AST from the landlord and will update the listing when received.

Floorplans

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

VIEW FINANCIALS WITH

Personalise the financials

Edit our market average financial assumptions to see every property using your financial strategy.

Sign In or Sign Up

 to edit financials 

>

Rental Income

GROSS RENT PER ANNUM

£9,000

Equivalent of £750 per calendar month (PCM).

GROSS RENTAL YIELD

4.6%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£5,263

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

2.7%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£3,737

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Eastleigh, Hampshire

Eastleigh is a town in Hampshire in the South East of England, located between Southampton and Winchester.

The town has very good transport links, being located near to where the M3 and M27 motorway meet. The M3 runs from Sunbury-on-Thames to Southampton whilst the M27 runs between Cadnam and Portsmouth. Winchester, Bournemouth and Poole can also be easily reached via these roads.

Southampton airport is located in Eastleigh and offers regular scheduled and chartered flights to Europe and a number of domestic flights. The airport is probably best known for the first test flight of the Supermarine Spitfire, of which a two-thirds size sculpture greets travellers at the road entrance to the airport.

The airport is served by train and Southampton Airport Parkway is only a 5-minute train journey from Eastleigh. Eastleigh lies on the South Western Main Line from London Waterloo and runs services to Portsmouth Harbour via Hedge End and to Poole via Bournemouth. Another route is Salisbury to Romsey and there is a morning service to Brighton operated via Southern.

The town centre offers a number of well-known high street shops and eateries, as well as several independent stores including a street market on Thursday and Saturday. The Swan shopping centre also caters for everyone’s needs and is home to a cinema and bowling complex.

Eastleigh Museum is on the high street, where you can take a tour through Eastleigh’s past and find lots of interesting railway memorabilia and old maps of the area. Lakeside Country Park & Steam Railway is popular with families and a great place for walks and fishing, whilst Team-Sport Indoor Karting offers adrenaline filled fun.

The Point, located in the old town hall, is a contemporary performance space offering a diverse programme for the whole family year-round, including dance, comedy, theatre and music.

Other popular attractions nearby are Winchester Cathedral, Peppa Pig World at Paultons Park, Bursledon Brickworks, Itchen Valley Country Park, Go Ape Southampton and Cranbury Park, to name a few.

Some of the biggest local employers are insurance companies Aviva and Ageas Insurance Ltd, as well as B&Q Plc, who have their headquarter in nearby Chandlers Fort. Prysmian Cables & Systems Ltd are a cable manufacturer in town. Other big employers in Hampshire include Aspect Vision Holdings Ltd, National Air Traffic Services, Zurich Insurance Company and Newsquest.

Osborne Mews,

Eastleigh,

Hampshire,

England,

SO50 4JQ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2019 Vesta Global Limited. All rights reserved.