Summary - 25 SOUTHSEA TERRACE SOUTHSEA PO5 3AU
2 bed 1 bath Apartment
Seafront third-floor apartment — sea views, parking, and shared-ownership entry.
50% shared ownership offered at £125,000
A rarely available 50% shared-ownership apartment on Southsea Terrace with a private balcony and direct views across the Solent. The third-floor flat sits in a Victorian mid-terrace and offers bright living space, two bedrooms and allocated off-street parking — an attractive entry-point for first-time buyers wanting seaside access without full market outlay. The lease has about 125 years remaining and the property is offered chain-free.
This is a compact home (approx. 506 sq ft) with clear advantages: sea-facing aspect, good mobile signal and fast broadband, nearby restaurants, bars and transport links. Monthly costs comprise a service charge (approx. £177.16) and, while you own 50%, a combined monthly rent and ground rent on the remaining share of about £190.29. The full market value is £250,000 and the advertised price is for a 50% share at £125,000; the other 50% can be purchased later.
Buyers should be realistic about material factors. The building is an older Victorian construction with assumed solid brick walls and limited insulation; the apartment is small and may suit those wanting a pied-à-terre or starter home rather than a long-term family residence. The area is classified as a cosmopolitan student neighbourhood with higher local crime levels and a medium flood risk — both factors to weigh for insurance, safety and resale. Annual service charges average £2,125.
For first-time buyers who prioritise location and sea views, this flat presents an affordable seaside entry with scope to buy the remaining share later. It will suit purchasers comfortable with shared-ownership arrangements and the maintenance/modernisation needs typical of older properties.
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