Woodside Road, St. Georges House Woodside Road, SO17
Overview
Features
Property Features
- No Forward Chain
- The Seller Is In The Process Of Extending The Lease
- Ideal for first time buyers and investors.
- Floor space 37 square metres
- Ground Floor
- Newly Installed Shower Room
- Sought After Location
- Freshly Decorated
- Low Service Charge
Description
Full Details
Nestled within a sought-after location, this ground floor flat presents an enticing opportunity for both first-time buyers and savvy investors. With one bedroom and no forward chain, this property embodies convenience and promise in equal measure. Boasting a generous floor space of 37 square metres, this residence has been freshly decorated, exuding a welcoming ambience from the moment you step inside.
Upon entering, you are greeted by the Lounge/ Diner, natural light dances across freshly painted walls, illuminating the open plan layout that seamlessly integrates the living, dining, and kitchen areas. The functional design ensures that each space is utilised efficiently.
Moving onto the double bedroom, tranquillity awaits in this cosy retreat that promises restful nights and peaceful mornings. With ample space for relaxation, this private sanctuary is a haven to unwind after a long day.
a newly installed shower room, exquisitely designed to meet contemporary tastes and practicality. The ground floor positioning of the flat not only enhances accessibility but also provides a seamless flow throughout the living spaces, ensuring convenience at every turn. The property's low service charge further enhances its appeal, offering a prudent investment for those seeking both comfort and value.
This property offers excellent investment potential, ideally situated just a short distance from the University of Southampton. With its close proximity to the campus, it presents an attractive opportunity for student or faculty rentals, ensuring consistent demand. Whether you're looking to rent to students or lecturers, this location is perfect for securing long-term tenants. The high rental yield potential and the property's easy access to the university, local amenities, and transport links make it a prime choice for investors seeking a strong return on investment.
Moreover, the seller is in the process of extending the lease, offering added peace of mind and investment potential for prospective buyers.
Current Lease Years & Extended Years
The term of the lease is 99 years from 1967 which means there are currently 42 years remaining.
With the new lease extension in place, the new lease years is 132 Years as of the 24th June.
The new lease to be completed no later than 31st March 2025.
The service charge is £990 per Annum, payment is collected half yearly of £495 on the 1st of April and again on the 1st of October.
Ground Rent
Current ground rent per Annum £15.00 with the new lease in place the ground rent will be £0.00 Peppercorn.
In conclusion, this ground floor flat offers a blend of comfort, style, and practicality, making it a compelling choice for those seeking a modern living space in a coveted location. Book your viewing today and embark on a journey to make this well-appointed residence your own.
Lounge/ Diner
Kitchen 7' 1" x 7' 6" (2.17m x 2.29m)
Bedroom
Shower Room