Cleveland Road, Southsea

Property Details: - Type: Terraced house - Bedrooms: 4 - Bathrooms: 1

Agent: Kings Estates - Southsea Phone: 023 9424 9810

<strong></strong> <strong></strong> *NO FORWARD CHAIN*C4 PLANNING*HMO LICENSE*£1,850 PM RENT BILLS EXCLUDED*JOINT TENANCY AGREEMENT* Kings Estates are pleased to present this four-bedroom mid-terraced HMO situated on Cleveland Road, Southsea. Offered with C4 planning and an existing joint AST generating £1,850 per calendar month, excluding bills, the property represents an attractive opportunity for investors looking to acquire an established rental property.<br/><br/>The accommodation is arranged over two floors. The ground floor comprises a bedroom, communal lounge, fitted kitchen and shower room, together with a separate W/C. To the rear is a low-maintenance enclosed garden.<br/><br/>The first floor provides three further double bedrooms, giving a total of four bedrooms while retaining a dedicated communal living area.<br/><br/>Cleveland Road is situated within a well-established area of Southsea, with Fratton railway station approximately 400 metres away and a range of local amenities within the surrounding area. <br/><br/>With an existing tenancy in place, C4 planning and no onward chain, this property is well suited to landlords looking to add an established HMO to their portfolio.<br/><br/>Contact Kings Estates today to arrange your viewing.<br/><br/>Investment Information<br/><br/>£1,850 PCM Rent<br/>Joint AST<br/>Bills excluded<br/>C4 Planning Use <br/>Tenure - Freehold<br/>No Onward Chain<br/>Approximate gross yield of 7.9% <br/>Tenancy is currently managed by Kings Estates<br/>HMO Licence valid until 2029 (Non transferrable) <br/>