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£3,250,000
Southampton, SO16
- 2 beds
£3,250,000
- 2 beds
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Estimate monthly mortgage payment:
£14,837 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£162,500
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DRAFT DETAILS AWAITING VENDOR APPROVAL An exciting investment opportunity has arisen to acquire an established site comprising 4 blocks of flats with associated garaging and gardens. The properties were built in the 1960s and have been owned by the same family until now. All the flats are tenanted and currently produce a yield of around £215,000 per annum. We believe the site offers excellent potential for uplift if desired.
Please contact us for further information and to organise a viewing. EPCs will be provided upon request.
THE PROPERTY INCLUDES THE FOLLOWING: • Freehold site all on just one title.
• 4 blocks each containing 6 purpose-built flats.
• 20 x 2 bedroom flats and 4 x 3 bedroom flats.
• 12 garages within a detached block.
• Gardens and parking area measuring approx. 0.91 acres.
• The option to purchase an additional parcel of land at the rear of the flats with direct road access measuring approx. 0.2 acres (no consent for redevelopment at present).
LOCATION Greenlea Court is set at the end of a cul-de-sac called Greenlea Crescent. It benefits from a favourable position on the outskirts of Southampton and close to the M27, which leads directly to the M3 and offers access to London. Southampton is a busy maritime city on the south coast and offers a wealth of character and history.
Please contact us for further information and to organise a viewing. EPCs will be provided upon request.
THE PROPERTY INCLUDES THE FOLLOWING: • Freehold site all on just one title.
• 4 blocks each containing 6 purpose-built flats.
• 20 x 2 bedroom flats and 4 x 3 bedroom flats.
• 12 garages within a detached block.
• Gardens and parking area measuring approx. 0.91 acres.
• The option to purchase an additional parcel of land at the rear of the flats with direct road access measuring approx. 0.2 acres (no consent for redevelopment at present).
LOCATION Greenlea Court is set at the end of a cul-de-sac called Greenlea Crescent. It benefits from a favourable position on the outskirts of Southampton and close to the M27, which leads directly to the M3 and offers access to London. Southampton is a busy maritime city on the south coast and offers a wealth of character and history.
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£14,837 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£301,250
Mortgage and legal costs:
£999
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