Summary - FLAT GROUND FLOOR, 144, LABURNUM GROVE PO2 0ET
1 bed 1 bath Apartment
Large shell-condition flat with high ceilings — excellent value for hands-on investors.
- Large 71 sqm ground-floor flat with high ceilings and period features
- Sold at auction Guide Price £115,000; vacant possession
- Property in shell condition; full refurbishment required
- 106 years remaining on lease; peppercorn ground rent
- Buyers' premium £1,200 (inc VAT) plus other charges — read legal pack
- Council Tax Band A; EPC rating D
- Fast broadband, excellent mobile signal; no flood risk
- Area classified as deprived; average crime levels
A spacious ground-floor one-bedroom flat in a period terrace, offered at auction with a guide price of £115,000. The 71 sqm (764 sq ft) layout includes a large living room, separate dining room, kitchen, bedroom and shower room — all set within an early 20th-century convert with high ceilings and period character.
The property is in shell condition: all kitchen and bathroom fittings have been removed and the flat requires full refurbishment. This creates clear scope to design a modern one-bedroom or convert back to a two-room layout, but buyers should budget for comprehensive works, including cosmetic repairs and services checks.
Practical details: the flat is leasehold with approximately 106 years remaining, peppercorn ground rent, council tax Band A and an EPC rating D. It is vacant, has fast broadband and excellent mobile signal, and carries no flood risk. Note the auction special conditions: a buyers’ premium of £1,200 (inc. VAT) and other charges apply — please read the legal pack carefully before bidding.
Location strengths include walking distance to local shops, dining, and bus routes, with Portsmouth International Port and mainline stations just over a mile away. The wider area is classed as deprived, with average crime levels; the building offers investment potential for landlords or developers prepared to refurbish for the rental or resale market.
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