Summary - 129B LONDON ROAD PORTSMOUTH PO2 9AA
1 bed 1 bath Flat
Long lease, tenant in place — auction starter for hands-on investors.
- One-bedroom top-floor flat above retail units
A compact top-floor one-bedroom flat above North End’s busy London Road high street, offered with tenants in situ and sold via online auction. The property has a lounge/diner, separate kitchen, double bedroom and shower room; total internal area is small (about 383 sq ft) and the flat requires updating. It is currently let at approximately £725 pcm, providing immediate income for a purchaser prepared to take on a tenancy.
Practical strengths include a long lease (around 150 years remaining), zero ground rent and no reported service charge, fast broadband and excellent mobile signal, plus close proximity to bus links, shops and local amenities. The building is a mixed-use high-street type with direct pavement access and on-street parking. EPC data indicates current performance around an E band with potential to improve.
Material drawbacks are clear: the flat needs renovation, heating is by electric room heaters, walls are likely uninsulated solid brick, and the local area shows higher crime rates and area deprivation. There is no private garden or substantial external communal space. The property will be sold at auction and is chain free; purchasers should allow for renovation costs and factor in the town‑centre location when assessing rental or resale potential.
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