Summary - SANDERLING LODGE FLAT 42 ROPE QUAYS GOSPORT PO12 1EN
2 bed 2 bath Flat
First-floor two-bed with balcony, tenant-in-place and immediate rental income.
Two double bedrooms with en-suite to principal bedroom
A waterfront two-bedroom first-floor apartment in Rope Quays, offered with a tenant in situ and immediate rental income. The property benefits from a private balcony with harbour views, open-plan living and integrated kitchen, plus allocated off-street parking and lift access — features that suit buy-to-let investors seeking low-maintenance, coastal rental stock.
Important legal and financing points affect value: the lease has 79 years remaining, which many mortgage lenders consider too short; buyer financing may be limited to cash purchasers or specialist lenders. The development currently has cladding repairs underway; buyers should review the legal pack for details and expected liabilities.
Running costs include an annual service charge of £2,724.12 and ground rent of £405.44. Heating is electric with room heaters, which can mean higher energy costs compared with gas central heating. The area faces elevated crime rates and high deprivation indices —factor these into rental assumptions and insurance costs.
This lot is sold via a transparent online auction process. Bidders should note auction conditions: a non-refundable deposit (typically 5% on exchange) and a reservation fee (up to 6% incl. VAT, minimum £6,000 inc. VAT) may apply. A legal pack is available and buyers are strongly advised to obtain legal and lending advice before bidding.
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