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4 bed block of flats for sale

£425,000 Guide price

Queens Road, Fratton, Portsmouth PO2

4 bed block of flats for sale 4 3
Interested in this property? Call +44 23 9211 9744 * or Request Details

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Property features

  • Investment Opportunity
  • Freehold
  • Council Tax - A
  • Double Glazing
  • Gas Central Heating
  • Presently Tenanted
  • Two - One Bed Apartments
  • One Maisonette Apartment
  • Freehold included
  • All Three Units Tenanted

Property description

Landlord to Landlord Crossover Sale / Buy To Let Opportunity - This period semi detached house has in years gone by been converted into three self contained units. The building offers two self contained - One bed apartments and one, two bed split level maisonette apartment. Current rental incomes are : Lower Ground Floor Flat - £825.00 pcm - Hall Floor Flat - £675.00 pcm - Top Floor Maisonette - £825.00 pcm . Yield - 6.56%

Summary description Landlord to Landlord Crossover Sale / Buy To Let Opportunity
Kings Estates are pleased to bring to the market this unique period conversion which is located within the immediate vicinity of Commercial Road, offering an extensive array of shopping and entertainment facilities. The block itself comprises three apartments of which all are currently tenanted. The basement and ground floor apartments comprise of one bedroom, living room, kitchen and shower room with toilet. The top floor flat is made up of two bedrooms, living room, kitchen and family bathroom. Current rental incomes are : Basement Flat - £575.00 pcm - Ground Floor Flat - £650.00 pcm - Top Floor Flat - £750.00 pcm with scope to be increased in line with current market value. Features of the property include Gas Central Heating, double glazing, and good transport links.
Floorplans and measurements coming soon !

Top floor maisonette

family bathroom 6' 00" x 5' 08" (1.83m x 1.73m)

first floor landing 16' 10" x 5' 00" (5.13m x 1.52m)

principle bedroom 12' 06" x 10' 03" (3.81m x 3.12m)

living room 14' 10" x 11' 02" (4.52m x 3.4m)

kitchen 8' 10" x 5' 00" (2.69m x 1.52m)

bedroom two 13' 04" x 10' 09" (4.06m x 3.28m)

bedroom three 12' 06" x 10' 09" (3.81m x 3.28m)

Property info

Property value data/graphs for PO2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £470,494 £209 3.4 £323,750
Semi-detached £272,098 £228 3.2 £316,957
Terraced £262,894 £202 2.9 £245,805
Flats £157,233 £195 1.7 £142,063

Current asking prices in PO2

Average: £250,707
Avg. current asking prices in PO2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £158,738
(4)
£229,419
(37)
£282,571
(96)
£364,461
(13)
£348,000
(5)
Flats £138,285
(14)
£158,612
(22)
£200,000
(4)
- £250,000
(1)
All £142,830
(18)
£203,016
(59)
£279,268
(100)
£364,461
(13)
£331,667
(6)

Current asking rents in PO2

Average: £1,014 pcm
Avg. current asking prices in PO2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £669 pcm
(15)
£1,219 pcm
(4)
£1,338 pcm
(8)
- -
Flats £712 pcm
(12)
£1,207 pcm
(10)
£1,001 pcm
(1)
- -
All £688 pcm
(27)
£1,210 pcm
(14)
£1,300 pcm
(9)
- -

Fun facts for PO2

Highest value in PO2
Highest value streets Zed-Index
Barham Way £362,030
Amberley Road £355,308
Elmwood Road £349,113
Beechwood Road £347,936
Spinnaker Drive £343,535
Highest turnover in PO2
Highest turnover streets Turnover
St. Marks Road 34.6%
Iachino Avenue 33.3%
Barham Way 33.3%
Northgate Avenue 30.8%
Cunningham Avenue 30.0%
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For more information about this property, please contact
Kings Estates, PO5 on +44 23 9211 9744 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Estates, and do not constitute property particulars. Please contact Kings Estates for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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