Summary - 143 NORTHERN PARADE PORTSMOUTH PO2 9PE
2 bed 1 bath Apartment
Auction sale; vacant and ready for refurbishment with strong rental potential.
Ground-floor two-bedroom flat, approx 752 sq ft
A ground-floor two-bedroom leasehold flat requiring full refurbishment, offered for sale by online auction with six weeks’ completion. The vacant property extends to approximately 752 sq ft and sits in an end-terrace building from the 1930s–1940s. It has double glazing (install date unknown), mains gas central heating with a boiler and radiators, and a private garden. The setting is urban with good pedestrian access to local shops, schools and transport links.
This is a clear renovation project suited to an investor or a hands-on first-time buyer. The market rent is estimated around £1,200 pcm depending on final condition (gross yield c.14.4% PAX), and the flat is vacant for immediate works. Material points: the property needs refurbishment throughout, will be sold leasehold at auction, and the area has above-average crime and higher deprivation measures. Flooding risk is medium; checks are recommended before purchase.
Value drivers are the size for a two-bedroom ground-floor flat, nearby good and outstanding-rated schools, and excellent mobile and broadband connectivity. Drawbacks include required works, auction sale terms, medium flooding risk and the local social challenges. Buyers should budget for refurbishment, check lease length and service charges, and allow time for any remedial or compliance work before renting or moving in.
2 bedroom ground floor flat for sale in Fratton Road, Fratton, PO1 — £90,000 • 2 bed • 1 bath • 579 ft²
1 bedroom apartment for sale in 120 London Road, Portsmouth, Hampshire, PO2 0NB, PO2 — £110,000 • 1 bed • 1 bath • 433 ft²
1 bedroom apartment for sale in Manor Park Avenue, Portsmouth, PO3 — £95,000 • 1 bed • 1 bath • 431 ft²
2 bedroom apartment for sale in Manor Park Avenue, Portsmouth, Hampshire, PO3 5FG, PO3 — £120,000 • 2 bed • 1 bath • 431 ft²
2 bedroom ground floor flat for sale in Waverley Road, Southsea, Hampshire, PO5 — £180,000 • 2 bed • 1 bath • 408 ft²
2 bedroom flat for sale in 17 Northbrook Close, Portsmouth, Hampshire, PO1 4LR, PO1 — £120,000 • 2 bed • 1 bath
