Summary - 38, St. Georges Walk PO12 1FH
1 bed 1 bath Apartment
Historic one-bedroom flat with parking — auction sale, buyer fees and high service charge apply.
- Grade II listed apartment in historic St. Georges barracks
- Open-plan lounge/kitchen offering a spacious 625 sq ft layout
- Allocated off-street parking and fast broadband
- Leasehold with approximately 103 years remaining
- High average service charge: £3,218 per year
- Buyer pays auction reservation fee: 4.5% (min £6,600) plus other fees
- Electric storage heating; potential running cost concerns
- Local area: high crime and very deprived — affects tenant demand
A compact upper-level one-bedroom apartment set within the Grade II‑listed St. Georges barracks, offering clear rental or refurbishment potential for investors. The open-plan lounge/kitchen provides a roomy feel for a 625 sq ft flat, with allocated off-street parking and fast broadband supporting tenant demand.
This lot is sold by Modern Auction and carries additional compulsory costs: a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) plus buyer pack and admin payments. The property is leasehold (approx. 103 years remaining) with a high annual service charge (£3,218 average) and modest ground rent (£150), all of which will affect running costs and net returns.
Buyers should note practical constraints: Grade II listing can restrict alterations, electric storage heating may be expensive to run, and the immediate area records higher crime and very high deprivation, which could influence tenant profiles and capital growth. There is no flood risk and mobile signal is excellent, which helps for lettings.
This is best suited to cash buyers or investors comfortable with auction purchases and the listed‑building regime. With careful due diligence and management of service charges, the apartment could provide a straightforward let or a characterful refurbishment project to add value.
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