Festing Grove, Southsea
£450,000, 5 bedrooms, house, for sale

Key features

  • HMO COMPRISING SELF-CONTAINED UNITS
  • CURRENTLY OCCUPIED BY 5 TENANTS
  • SUBSTANTIAL GROUND FLOOR FLAT WITH GARDEN
  • THREE FURTHER BED-SITTING UNITS
  • ONE ROOM WITH DEDICATED (SEPARATE) KITCHEN
  • LARGE HOUSE OVER THREE FLOORS PLUS CELLAR
  • EXISTING INCOME
  • REQUIRES WORK
  • SUBSTANTIAL OPPORTUNITY FOR RENTAL UPLIFT
  • MUCH REQUESTED LOCATION

Property Description

**** INVESTMENT OPPORTUNITY ****

A substantial HMO containing a one bedroom ground floor garden flat, three bed-sitting units and a large double bedroom with separate kitchen facilities.

This property has a significant rental history and is currently let to five tenants producing an income of £21,600 per annum, however we feel that, with some investment there is considerable opportunity for future rental uplift.

Now requiring some improvement, this is a fantastic chance to own a large, easily manageable rental property in a much requested road.

The current owner has made some significant recent improvements with the fitting of four new kitchens, as well as upgrading the bathroom facilities, however there is further scope for improvement specifically to the ground floor flat.

Early interest in crucial as we do not envisage this property being available for long!

ENTRANCE HALL
Storm porch doors into entrance lobby, front door into entrance hall, door to the ground floor flat and stairs to the first floor.

GROUND FLOOR FLAT
Front door into hallway, door to the lounge, door to the cellar and door to the kitchen.

LOUNGE 4.37m x 4.01m maximum (14'4" x 13'2" maximum)
Smooth ceiling, picture rail, double, double glazed doors with side lights to the lean-to, door to the bedroom, radiator.

BEDROOM 5.05m into bay x 3.48m into alcove (16'7" into bay
Smooth ceiling, picture rail, bay window to the front aspect, radiator.

KITCHEN 4.42m x 3.00m (14'6" x 9'10")
Smooth ceiling, two single glazed windows to the side aspect, range of fitted kitchen units, stainless steel sink, space for a freestanding cooker, space and plumbing for a washing machine, space for a fridge/freezer, tiled splash backs, vinyl flooring, radiator, door to the bathroom.

BATHROOM
Smooth ceiling, two single glazed, obscured glass windows to the rear aspect, panel enclosed bath with shower over, low flush w/c, vanity sink unit, wall mounted boiler.

LEAN-TO 6.99m x 2.06m (22'11" x 6'9")
Polycarbonate style roofing, double glazed door and side lights to the rear aspect.

CELLAR (not measured)
Area of original cellar extending to the front portion of the house.

GARDEN
Southerly aspect enclosed rear garden.

FIRST FLOOR LANDING
Doors to bedsitting unit 2, room 3, bathroom, w/c and kitchen, stairs to the second floor.

BED-SITTING UNIT TWO 5.05minto bay x 3.45m into alcove (16'7"into bay x
Textured ceiling, double glazed bay window to the front aspect, feature fireplace with surround, built in period wardrobe.

KITCHEN 3.61m x 1.88m (11'10" x 6'2")
Textured ceiling, double glazed window to the front aspect, range of wall, base and drawer units with work surface over, space for a freestanding cooker, stainless steel sink with mixer, laminate flooring.

ROOM THREE 4.01m x 3.40m into recess (13'2" x 11'2" into rece
Textured ceiling, double glazed window to the rear aspect, feature fire surround, built in period cupboard, electric heater.

W/C
Double glazed window to the side aspect, low flush w/c, wall mounted wash hand basin.

BATHROOM
Double glazed, obscured glass window to the side aspect, panel enclosed bath.

KITCHEN 3.20m x 3.02m maximum (10'6" x 9'11" maximum)
Smooth ceiling, double glazed window to the rear aspect, range of fitted wall, base and drawer units with work surface over, stainless steel sink, space for freestanding cooker, space for under counter sink, wall mounted water heater, laminate flooring.

SECOND FLOOR LANDING
Doors to bed-sitting units 4 and 5.

BED-SITTING UNIT FOUR l-shaped 6.10m maximum x 5.05m maximum reducing to
Papered ceiling, double glazed window to the rear aspect, velux window to the front aspect, range of fitted kitchen units, stainless steel sink with mixer tap, space for freestanding cooker, space for under counter fridge, laminate flooring and carpet.

BED-SITTING UNIT FIVE 5.49m x 3.25m (18' x 10'8")
Papered ceiling, double glazed window to the side and rear aspects, range of fitted kitchen units, stainless steel sink with mixer, wall mounted water heater, space for freestanding cooker, space for under counter fridge, laminate flooring and carpet.

FURTHER INFORMATION
Tenure: Freehold

Council Tax Band: A -

"Dear Tully's Thank you so much for my lovely new home... and for listening and supporting me - I could've gone crazy without you!"
Lots of love Beth