£195,000
Riverside Place
- 2 beds
£195,000
- 2 beds
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25 Riverside Place, Fordingbridge, SP6 1RR
Guide Price: £195,000.00
Two Bedroom First Floor Apartment | Fixed Tenancy | Riverside Living | Allocated Parking
Overview
An excellent investment opportunity to acquire a well-presented two-bedroom first-floor apartment in the desirable Riverside Place development, right in the heart of Fordingbridge. With tenants in situ on a fixed-term lease until 29th October 2025, producing £900 PCM, this property offers immediate rental income for investors seeking a hassle-free addition to their portfolio.
Key Features
- Modern open-plan kitchen/living room
- Two well-proportioned bedrooms
- Contemporary family bathroom
- One allocated parking space
- Peaceful riverside setting, close to local amenities
- Double glazed and electric heating
- Leasehold tenure with manageable outgoings
Financial Information
- Current Rent: £900 per calendar month
- Fixed Tenancy Until: 29th October 2025
- Service Charge (most recent): £1,615.66 per annum
- Ground Rent: £50 per annum
- Block Maintenance: £200 every 6 months
- Gross Yield: 5.5%
- Net Yield: 4.5%
- We would expect the rental income to increase to £950pcm - £1,000pcm when the tenancy is up for renewal, bringing the gross yield up to 6.2% and net yield to 5.1%
Situated just a short stroll from the charming town centre of Fordingbridge, 25 Riverside Place offers convenient access to local shops, eateries, and scenic river walks. The New Forest National Park is nearby, and there are excellent road links to Salisbury, Ringwood, and Bournemouth, making this an attractive location for tenants and owner-occupiers alike.
Tenure
Leasehold – 99 years remaining
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