Another Parkers' exclusive! Our properties are not available elsewhere, so contact Parkers Lettings for expert advice and assistance.
A Freehold investment comprising of 4 x self-contained 1-bedroom flats, within close proximity of Shirley High Street.
The block has historically enjoyed a high level of occupancy, and with the most-recent tenancy granted at £900 per month provides for a possible gross income of £43, 200 per annum. All are let on an Assured Shorthold Tenancy agreement.
Good standard of accommodation, all with current Energy Performance Certificates and Electrical Installation Condition Reports in place.
Ground floor Flat 1 - 56 sq. meters - EPC ' D' - Currently let at £925 per month; Flat 2 - 55 sq. meters - EPC 'C' - Currently let at £900 per month;
First Floor Flat 3 - 33 sq. meters - EPC 'C' - Currently let at £603.75 per month; Flat 4 - 34 sq. meters - EPC 'C' - Currently let at £525.00 per month.
Tenure: Freehold.
Locality: Southampton: A port city, with a rich and diverse history dating back to pre-Norman times. A modern city centre, where the historic Bargate and medieval city walls mix with today's busy shopping centres, cafes, restaurants and night-life. University Hospital Southampton NHS Foundation is one of the city's biggest employers, providing care and specialist services to more than 3 million people in the South of England. Southampton pulls many thousands of people the annual boat show, hosted at Mayflower Park, echoing the City's rich maritime history. Southampton Football Club's home, St. Mary's is located close to the City Centre, regularly attracting an attendance of 30,000 or so spectators.
Directions: Starting from our offices in Totton, SO40 3SG. Total : 3.9 miles (13mins)
1. Drive northwest. (0.08 miles) 2. Turn right onto Salisbury Road/A36. (0.1 miles) 3. Enter the roundabout and take the 2nd exit onto Commercial Road/A36. (0.4 miles) 4. Stay straight to take the A35 ramp. (1.7 miles) 5. Keep left to take A33/Millbrook Road West. (0.5 miles) 6. Take the exit. (0.5 miles) 7. Turn left onto Suffolk Avenue. (0.2 miles) 8. Turn left onto Greville Road. (0.06 miles) 9. Turn left onto Norfolk Road. (0.06 miles) 10. Your destination is on the left. (0.00 miles)
Hours of business: We're open for business Monday - Friday 9.15am - 5.00pm. Late Wednesday 6.30pm. Saturday, our office is open 10.15am - 1.00pm and 2.00pm - 5.00pm for viewings only. Sunday, Closed.
When is stamp duty paid?
In England and Northern Ireland, no stamp duty is due on the first £250,000 of a main residential property though that threshold is £425,000 if you're a first-time buyer. Note: The £425,000 first- time buyer stamp duty threshold does not apply if the property you are buying costs more than £625,000.
If buying as your main residence, the rates are: £250,001 £925,000 @ 5% £925,001 £1,500,000 @ 10% £1,500,001 + @ 12%
If buying as a second home or investment, the rates are:
From 1st April 2025, there will be several changes coming into effect: The nil rate threshold which is currently £250,000 will return to the previous level of £125,000. The nil rate threshold for first-time buyers which is currently £425,000 will return to the previous level of £300,000. The maximum purchase price for which First-Time Buyers Relief (a reduced stamp duty rate) can be claimed is currently £625,000 and will return to the previous level of £500,000.
A bit about us: Here at Parkers, we know that you have many options to consider when it comes to choosing an agent, but we like to think that we offer you more than your standard agent. Were local specialists so when you want lettings, sales and property management services in Totton, Romsey and Southampton, we are second to none. We take immense pride in supporting the local community and playing our part in helping people take the next step in the market. Whether you need advice on where and when to buy-to-let, where to rent or you require assistance in reaching out to prospective buyers and tenants, we can help you. We place a strong emphasis on customer relationships, and we take the time to find out what you want to achieve.
If you're looking to sell your rented property, we're uniquely placed to help with our many hundreds of local landlords. By selling to another investor, it is often possible to keep your tenant in place, ensuring you receive rental income up to the very last day of your ownership, with the buyer receiving a return on their investment from the very next day. Our marketing comprises the best mix of technology, with video tours, floorplans and internet advertising, together with a nod to our heritage with good old fashioned estate agency practices.
Client Money Protection scheme membership CMP003410.
Property Redress Scheme membership PRS002028.
