Summary - Flat 24 Homesea House, Green Road, SOUTHSEA PO5 4DG
1 bed 1 bath Flat
Chain‑free, compact one‑bed retirement flat; needs updating and has limited lease term..
Minimum age 60+ retirement development with lift and communal facilities
Chain free one‑bedroom flat, first‑floor position close to Southsea town centre
Requires general refurbishment throughout — blank canvas for updating
Lease c.57 years remaining — many lenders may refuse to lend
Service charge c.£1,547.54 half‑yearly; ground rent c.£220.81 half‑yearly
No central heating system; electric/night storage heating assumed
Communal gardens and non‑allocated off‑street parking included
Council Tax Band A — relatively low local tax level
Set within Homesea House, this first‑floor one‑bedroom retirement flat offers a quiet, low‑level complex designed for over‑60s and a convenient walk to Southsea town centre and the seafront. Communal facilities include a residents’ lounge, laundry room, guest room, gardens, lift access and non‑allocated parking — useful practical benefits for downsizers seeking easy, low‑maintenance living.
The apartment is offered chain free and provides a straightforward layout: living room, separate kitchen, bedroom with built‑in wardrobe and a wet room. It retains much of its original 1980s specification and will reward a programme of updating; the current condition is described as in need of general refurbishment. Double glazing is in place and an emergency pull‑cord system is fitted for resident safety.
Important practical drawbacks are stated plainly: the lease has approximately 57 years remaining, a level at which many mortgage lenders may refuse to lend. Service charges and ground rent are significant (around £1,547.54 half‑yearly service charge and £220.81 half‑yearly ground rent), and an annual council tax Band A applies. Heating appears to be via night storage/electric heaters rather than a communal central system, so consider future running costs and upgrade work.
This flat will suit a buyer aged 60+ wanting a compact, well‑placed base close to shops, transport links and local amenities, or a cash buyer/investor able to manage lease and refurbishment matters. The property offers clear potential once modernised, but requires budget and attention to lease length and service commitments before purchase.
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