Selbourne Terrace, Fratton PO1 5AL

TO BE SOLD BY PUBLIC AUCTION AT A DATE TO BE CONFIRMED
(UNLESS SOLD PREVIOUSLY).
GUIDE PRICE:  £265,000-£275,000.
We invite IMMEDIATE CASH OFFERS, prior to possible Public Auction, for this HIGHLY LUCRATIVE INVESTMENT opportunity, being a very conveniently situated FIVE BEDROOM HOUSE WITH C3/C4 (HMO) PLANNING CONSENT, let and producing £2,478 p.c.m. including bills - equivalent to a GROSS YIELD (at mid-guide) of 11% p.a. approx.  Selbourne Terrace runs between the main Fratton Road and Claremont Road, a little to the west of Fratton Station, bordering the railway line itself and desirably close for commuters.  Some one mile from Southsea Town Centre, and a similar distance from The Seafront, this position places a wide range of public amenities within comfortable reach. A four-storey property (including loft conversion), No. 4 itself forms part of a varied terrace and is of flat-fronted design with rendered and tile-hung facade under a pitched and tiled roof having square dormer. To the rear is an enclosed patio garden with cycle store and pedestrian access. The property is LET, from 1st September 2024 for eleven months, on an Assured Shorthold Tenancy to five occupants at a rent of £2,478 p.c.m.  including bills. Available now at an attractive and competitive Guide Price, and having held a full HMO Licence for our client's 8 years of ownership, this opportunity is seen as a VERY worthwhile addition to an investment portfolio. Full details are given as follows:

ENTRANCE HALL

FRONT ROOM - 3.07m x 3m (10'1" x 9'10")

REAR ROOM - 3.07m x 2.95m (10'1" x 9'8")

FIRST FLOOR

LANDING

FRONT ROOM - 3.61m x 3.2m (11'10" x 10'6")

REAR ROOM - 2.95m x 2.51m (9'8" x 8'3")

SHOWER ROOM & W.C.

TOP (SECOND) FLOOR

ROOM FIVE - 4.22m x 4.83m (13'10" x 15'10")

BASEMENT

LIVING ROOM - 4.85m x 3.91m (15'11" x 12'10")

CLOAKROOM & W.C.

KITCHEN - 3.63m x 2.84m (11'11" x 9'4")

OUTSIDE

COUNCIL TAX

EPC 'C'

VIEWING

ADDITIONAL AUCTION COSTS