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£290,000

Norman Road, Southsea, PO4

  • 5 beds
Terraced house
Under offer/SSTC

£290,000

  • 5 beds
Terraced house
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Estimate monthly mortgage payment:

£1,324 per month

Minimum deposit amount:

£14,500
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*** FANTASTIC INVESTMENT OPPORTUNITY -5 BED HMO - ?24,750 A YEAR GROSS RETURN

We are delighted to welcome to the market this 5 bedroom property, in the popular part of Central Southsea. Situated in Norman Road, this freehold house offers a well maintained property in a convenient location.

This well appointed 5 bedroom for 5 persons HMO licenced property sees all rooms let until Summer 2025, with two bathrooms, a communal lounge, kitchen and garden , making it an ideal investment purchase.

If you are considering buying this property for buy to let purposes, the home currently achieves ?450 per room, on an 11 month contract with bills included, returning ?24,750 gross per year.

Please contact us to make an enquiry and arrange an internal inspection.

BEDROOM ONE

3.02m x 3.28m (9'11 x 10'9 )

BEDROOM TWO

3.02m x 3.35m (9'11 x 11')

BEDROOM THREE

4.04m x 3.30m' (13'3 x 10'10')

BEDROOM FOUR

3.02m x 3.35m (9'11 x 11')

BEDROOM FIVE

2.64m x 3.35m (8'8 x 11')

LOUNGE

4.50m' x 2.64m max (14'9' x 8'8 max )

KITCHEN

3.48m x 2.64m (11'5 x 8'8 )

BATHROOM

1.70m x 2.13m (5'7 x 7')

SHOWER ROOM

1.75m' x 0.76m (5'9' x 2'6 )

Anti-Money Laundering (AML)

Bernards Estate agents have a legal obligation to complete anti-money laundering checks. The AML check should be completed in branch. Please call the office to book an AML check if you would like to make an offer on this property. Please note the AML check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the AML check being completed

Bernards Mortgage & Protection

We have a team of advisors covering all our offices, offering a comprehensive range of mortgages from across the market and various protection products from a panel of lending insurers. Our fee is competitively priced, and we can help advise and arrange mortgages and protection for anyone, regardless of who they are buying and selling through. If you're looking for advice on borrowing power, what interest rates you are eligible for, submitting an agreement in principle, placing the full mortgage application, and ways to protect your health, home, and income, look no further!

Council Tax Band B

Offer Check Procedure -

If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.

Removal Quotes

As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.

Solicitor

Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line conveyancing warehouse style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.

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£1,324 per month
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Mortgage and legal costs:
£999
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