Queen Street, Harbour Ridge

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£130,000
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Bedrooms
1
Bathrooms
1
Living Spaces
1
Type
Flat
Ownership
Leasehold
Area
463 sqft
Price per area
£281 /sqft

Floorplan & Rooms

Single
1 Single Room
Bathrooms
1 Bathroom
Living Spaces
1 Living Space

Features

Balcony
Contemporary
Laminate Flooring
Open-Plan Kitchen
Renovation Potential

Information

Lease Information
Lease Expiry
144 years
Ground Rent
£8 /month
Service Charge
£165 /month
Energy Performance
Current EPC
73 C
Potential EPC
79 C

Description

Guide Price: £130,000 – Investment Opportunity – Gross Yield in Excess of 10%

This one-bedroom ground floor apartment presents an exceptional opportunity for buy-to-let investors. Offered at a guide price of £130,000, the property is tenanted until August 2026 with a current rental income of £1,150 per calendar month, delivering a gross yield of just over 10%. The apartment also benefits from a long lease of approximately 144 years remaining, making it a secure and appealing investment.

Offered with no onward chain, this property enables purchasers to complete swiftly and benefit from an immediate rental income stream.

For further information or to arrange a viewing, please contact us at your earliest convenience.

Tenancy secured until August 2026 – £1,150 PCM

144-year lease remaining

Service Charge - £164.70 Per Month

Ground Rent - £100 Per Annum

Sellers Position - No Onward Chain

EPC - Band C

Council Tax - Band B, £1696 Per Annum (2024/2025) Portsmouth City Council

Price Guide

This Home
£281 / sqft
Area Average
£342 / sqft
Price per Area
£192 / sqft
Lowest
£281 / sqft
This Home
£509 / sqft
Highest
Data referenced at time of publishing on Jitty

Estate agent

Nested logo
Nested

Location

Town or Village
defined as 'urban city and town'

The information provided within this property listing is accurate to the best of our knowledge and research. Please see details of how we gather information in paragraph 3 of our T&Cs.

Please contact the appointed agent, or the vendor, for any missing information and to ensure the accuracy of all details. It is essential that you carry out your own Due Diligence in relation to any property purchases.

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This calculator is an estimate and only intended as a guide. No checks will be carried out, and you should speak to a qualified mortgage adviser for personalised advice.