203 - 205 Kingsclere Avenue
Address 203-205 Kingsclere Avenue, Weston, Southampton, Hampshire, SO19 9JG
Property type Residential
Size 2,382 Sq Ft
The Property is in the Weston area of Southampton, which is a residential suburb approximately 4.8 km (3 miles) south-east of the city centre. The nearest local shopping facilities are in Woolston, which is just over 1.6 km (1 mile) to the north-west, whilst a large Tesco Extra is located approximately 4.7 km (3 miles) to the north-east close to Junction 8 of the M27 Motorway. Local bus services (No.11 to Southampton city centre) operate along Kingsclere Avenue and Sholing Railway Station, which is on the Southampton/Portsmouth mainline, is approximately 1.6 km (1 mile) to the north. The Property is on a housing estate, much of which would appear to date from around the 1950's / 1960's and comprising former local authority housing stock. The Property comprises a four-bedroom semi-detached house (No.203) and four self-contained flats (No.205). The Property would appear to date from the 1950's, the construction of which comprises cavity walls, the outer skin formed with wire cut bricks under pitched concrete tile clad roofs. A small single storey projection around the front righthand corner of No.205 is under a mono-pitched mineral felt covered roof. Fenestration is formed of uPVC frames and double glazing. Internal décor is mainly plastered and painted walls and ceilings. Floor coverings are a mixture of carpet, vinyl and ceramic tile. No.205 has two off road parking spaces within its curtilage, whilst parking for No.203 is in a communal off-road car park. Mains services of electricity, gas, water and drainage are connected. The house and the four flats are centrally heated through wet systems of radiators served by combination gas fired boilers.
- Multiple Income Stream Residential Investment
- Fully let on 5 AST's
- 1x 4bed House, 1x studio, 1x 2bed flat & 2x 1bed flats
- Current passing rent of £39,625.80 per annum
- Price Guide £610,000
- Gross Initial Yield 6.5%
- Consideration to sale of 203 and 205 as separate entities.