Guide price
£90,000
(£134/sq. ft)
3 bed flat for sale
Latham Road, Fair Oak, Eastleigh SO50Auction
Leasehold
3 beds
1 bath
1 reception
670 sq. ft
EPC Rating: D
Key information
Tenure
Leasehold (125 years)
Service charge
Council tax band
Ground rent
£0
Ground rent date of next review
About this property
Balcony
Single garage
Central heating
Double glazing
For Sale by Online Auction on 18th September 2024 (unless sold prior): A Self-Contained 3 Bed Flat - Residential Investment - Gross Yield 11% - Flat let on AST prod. £9,900 per annum (£825 pcm).
Situation
Located close to the junction with Sandy Lane within this mixed commercial and residential development, conveniently located less than 2 miles from Eastleigh town centre and Eastleigh Station (National Rail).
Eastleigh is a prosperous market and commuter town situated 5 miles north-east of Southampton and 10 miles south of Winchester, benefiting from excellent road communications via the M3 (Junction 13) and M27 (Junction 5).
Property
Forming part of a mixed use development comprising a Self-Contained 3 Bed Flat on the first floor accessed from the rear of the building via a communal rear balcony. The flat benefits from uPVC double gazing, gas central heating and a balcony. In addition, the property includes a Garage.
Accommodation (measurements to maximum points)
First Floor Flat
Bedroom 1 12’4” × 8’10”
Bedroom 2 10’11” × 8’10”
Bedroom 3 8’9” × 6’7”
Living Room/Kitchen 27’8” × 9’11”
Bathroom
Separate WC
gia Approx. 670 sq ft plus Balcony and Garage
VAT is not applicable to this Lot
Tenure
Leasehold for a term of 125 years from completion at a peppercorn ground rent.
Tenancy
The property is let on an Assured Shorthold Tenancy to 2 Individuals for a term of 1 year from 14th December 2021 (Holding Over) at a current rent of £9,900 per annum exclusive (£825 pcm).
Note 1: There is a £923 Rent deposit held.
Note 2: 6 week completion.
More information
Listed by
Barnett Ross Auctioneers