Property pick of the week
We have a new completed tenanted block in Eastleigh. Ready for immediate passive income.
Situated less than two miles away from Southampton airport, five miles from Southampton Central and under two minutes’ walk from Eastleigh Train Station, Mitchell House is perfectly located as an ideal property investment along with strong rental demand from employees and tenants in the area.
With a shortage of good quality homes in the immediate area, this development of 54 luxury apartments spanning of 3 floors provides strong, long term rental demand with a good uplift in values of the next five years.
Mitchell House – Highlights
- 54 Residential Apartments located across 3 Floors
- Apartments from £145,600
- Completed development
- Walking distance to Eastleigh Train Station
- Finished to High Standard with Open-Plan Kitchen and Living Room
- 250 year leasehold
- 1 & 2 Bedroom Apartments
- Up to 5.5% net yield (based on a 75% mortgage at 3.8%)
Payment Plan
- £5000 Reservation fee
- Balance on exchange/ Completion
Location – Mitchell House, Southampton Road, Eastleigh, Hampshire, SO50 9XD
Perfectly situated to the north east of Southampton by five miles and with a coastline which stretches along the Solent and Hamble River, Eastleigh is surrounded by an abundance of affluent towns and cities including Winchester, Southampton. Historically, a location with a vast majority of blue collar professionals, Eastleigh has transformed over the past five years into a location thriving from regeneration.
With nearby employers including Southampton Airport, IBM, Cisco Systems, Southampton University and University Hospital of Southampton employment remains strong and wth rental and sales prices more affordable in Eastleigh occupancy levels are have seen a surge in recent years
- 20% growth over the past 5 years, 3.5% in 2020
- Average property prices of £351,166 in Eastleigh
- Located amongst large employers including Cisco Systems, IBM, Southampton Hospital and University
- Less than 3 minutes away from Southampton Airport
- 12 minutes train to Southampton central
- 1 hour 16 mins to London Waterloo
For more details on this development, or indeed if you have any clients wishing to sit down and go through our service in greater detail please don’t hesitate to get in touch.
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