Summary - 45, MONTGOMERIE ROAD, SOUTHSEA PO5 1EB
3 bed 1 bath Terraced
Chain-free Victorian terraced investment — needs full modernisation, sold at auction.
Three bedrooms plus two reception rooms, practical Victorian layout
A solid Victorian mid-terrace offering clear project potential in popular Montgomerie Road, Southsea. The property provides two reception rooms, three double bedrooms and an enclosed rear garden — a straightforward layout for refurbishment or rental conversion. Sold chain-free and freehold, this average-sized home appeals to cash buyers, investors and handy first-time buyers prepared to undertake a full modernisation.
The house requires comprehensive updating throughout: cosmetic and systems refurbishment, potential kitchen and bathroom renewal, and general redecoration. EPC is TBC and glazing is double; buyers should commission full surveys and checks on services before purchase. Council Tax Band B and no flood risk are practical positives for long-term ownership or letting.
This lot is being sold by the modern auction method. Bidders should note the 56-day completion window for standard properties and the non-refundable reservation fee (4.2% of the purchase price, minimum £6,600 including VAT) payable on exchange. The auction pack contains legal and property documents; buyers must complete their own due diligence and be prepared for the auction process and associated fees.
Situated in a cosmopolitan student and professional neighbourhood with fast broadband and excellent mobile signal, the house is close to local amenities and schools. The area has above-average crime rates and is classified as deprived, which will affect resale and rental yields; buyers should factor local market dynamics into investment plans.
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