Selsmore Road, Hayling Island
Guide price £500,000, 5 bedrooms, house

SSTC

Key features

  • SUBSTANTIAL SEMI-DETACHED PROPERTY
  • CURRENTLY SPLIT AS FOUR FLATS WITH AN HMO LICENCE
  • TENANTS IN SITU
  • PARKING FOR MULTIPLE CARS
  • EXTENSIVE GARDEN
  • POTENTIAL FOR FURTHER RENTAL UPLIFT
  • CIRCA £31,000 GROSS YIELD (INCLUSIVE OF BILLS)
  • POTENTIAL FOR FURTHER DEVELOPMENT (SUBJECT TO PLANNING)
  • SEPARATE AREA HOUSING A CARAVAN
  • CLOSE TO LOCAL AMENITIES

Property Description

A SUBSTANTIAL SEMI-DETACHED PROPERTY SPANNING THE CORNER OF SELSMORE ROAD AND BOUND LANE CURRENTLY CONFIGURED AS FOUR FLATS EACH LET ON ASSURED SHORTHOLD TENANCIES.

Benefitting from a generous corner plot, this property boasts off road parking for each of the flats along with a visitor space. In addition there is a section of garden currently housing a caravan which could be further utilised to provide additional parking or a garage (subject to the relevant planning permission).

This is a ready made investment purchase which has real potential for further rental uplift.

Internally the property consists of two ground floor flats, one a two bedroom, two en-suite garden flat and the other being a one bedroom flat, as well as two further one bedroom flats to the upper floors.

The property benefits from an HMO Licence for up to 9 people.

FRONT

ENTRANCE HALL

TWO BEDROOM GARDEN FLAT
Currently let at £900 pcm, bills inclusive.
KITCHEN: 11'9" X 9'5"
LOUNGE: 17' X 15'5"
BEDROOM ONE: 13'5" into bay X 11'10" into recess
EN-SUITE
BEDROOM TWO: 12'5" X 7'10"
EN-SUITE
GARDEN: Area of decking leading to a substantial lawned garden enclosed with panel fencing. Gate providing pedestrian access. Wooden shed containing washing machine and tumble dryer.

ONE BEDROOM GROUND FLOOR FLAT
Currently let at £550 pcm, bills inclusive.
LOUNGE: 14'5" X 12'2"
KITCHEN: 6' X 4'2" not including sink recess
BATHROOM
Bedroom: 11'5" into recess X 9'5"

ONE BEDROOM FIRST LOOR FLAT (REAR)
Currently let at £550 pcm, bills inclusive.
LOUNGE: 11'5" into recess X 9'5" - located on a half landing, separate to the kitchen, bathroom and bedroom.
BEDROOM: 13' maximum X 8'
KITCHEN: 6' X 5'5"
SHOWER ROOM

ONE BEDROOM TOP FLOOR FLAT (FRONT)
Currently let at £600 pcm, bills inclusive.
LOUNGE: 13' X 11'
KITCHEN: 12' X 11'5" into recess
BEDROOM: 12'10" X 11'
EN-SUITE

OUTSIDE
The property benefits from a substantial garden to the east of the building adjacent to Bound Lane, which is split into two sections, the larger of which is currently allocated to the garden flat. The second section, accessed via a pedestrian gate from the drive currently houses a caravan which is included in the sale.

To the front of the property there is an area of off road parking accessed via two dropped kerbs providing parking for approximately five cars. We feel that there is potential to provide additional parking and a garage (subject to planning) to the side of the property.

FURTHER INFORMATION
The property benefits from an HMO Licence for up to 9 people.

Council Tax Band: F

"Dear Mazin and everyone at Tullys who has helped out! Thanks you Mazin in particular for having faith in us! It was a bit of a worry (especially when our sale fell through) but you remained positive and upbeat for us, putting us at ease and making us think everything would work out fine."
Love Sarah and Dan