5 Bed Flat For Sale

***NO FORWARD CHAIN***HMO INVESTOR OPTIONS***GOOD YIELD***

Welcome to this 5-bedroom property located on Kingston Road in Portsmouth. This property consists of 5 well-appointed bedrooms, there is plenty of space for everyone to enjoy their own privacy and comfort with communal kitchen and bathroom.

This home can be used either as a family residence as well as ideal for investors, this property is a licensed 5-bed HMO, offering decent rental returns for those looking to expand their portfolio. The absence of a forward chain makes the purchasing process smooth and hassle-free.

Situated close to local amenities, you'll have everything you need right at your doorstep. From shops to restaurants, everything is within easy reach. Additionally, the good transport links in the area make commuting a breeze, whether you're heading to work or exploring the vibrant city of Portsmouth.

Don't miss out on this fantastic opportunity to own a property with great rental potential and a prime location. Contact us today to arrange a viewing and take the first step towards making this flat your new home or investment property.

The Property - The property can be accessed either from the front which is situated on the main Kingston Road or the rear through a small alley and patio area off the Balliol Road. Both sides have a staircase that lead up to the main property.

As you reach the top of the stairs and enter the hall, the first bedroom is to your immediate right and is generous in size. There is a bay window that looks out to the front and has a fitted wardrobe, as well as having adequate room for a double bed and other furnishings including a small sofa and desk/dining table.

Next to the first bedroom is the kitchen which has an Induction hob with oven and plenty of cupboard space. There is a window that looks out to the rear above the sink and drainer as well as room for a dining table and chairs.

Towards the end of the hall is the stairs leading up to the next floor. Beneath the stairs you will find the Valliant Boiler which is under 3 years old along with storage space.

At the end of the hall just beyond the stairs is access to the rear of the property that leads out to a private patio area then onto the Balliol Road. Alongside this door is the entrance to the main bathroom with bath, shower and airing cupboard. Within the main bathroom there is a separate door access to the toilet and basin so either can be used privately.

Up the stairs to the top floor there are four double bedrooms, all with radiators, fitted wardrobes for storage and windows to allow fresh air into the room.

Also, on the top floor there is access to the loft in the hall with the hatch having integrated pull down wooden ladders. The loft itself generous in size and is fully boarded with electrics so has the potential to be turned into additional dwellings.

The property benefits from gas central heating, new radiators, new roof, fire doors throughout, emergency lighting and an evacuation plan.

Tenure: Leasehold - 109 Years Remaining
Tax Band: A
Local Authority: Portsmouth City Council

Property is located above a barber shop which is open 9am to 5pm.

HMO licence is granted and certificate available.

Kitchen / Dining Area - 4.04 x 3.66 (13'3" x 12'0") -

Bedroom One - 5.16 x 4.75 (16'11" x 15'7" ) -

Bedroom Two - 4.06 x 3.71 (13'3" x 12'2") -

Bedroom Three - 3.20 x 3.20 (10'5" x 10'5" ) -

Bedroom Four - 5.18 x 3.53 (16'11" x 11'6" ) -

Bedroom Five - 4.09 x 2.31 (13'5" x 7'6" ) -

Anticipated Rental - If the property is let on a standard AST to one family, anticipated rental would be estimated to £1350-£1400pcm

If the property was let as a HMO, it is presently let around £500pcm per room for the 5 bedrooms.

If a communal room was added to replace a bedroom, we would estimate you would achieve £550-£600 per room per month.

This property does hold a C4 licence granted in October 2024