Summary - 11 Unicorn House, Cross Street PO1 3GE
1 bed 1 bath Flat
Chain-free one-bedroom flat with garden, parking and flexible ownership options..
Chain free and well presented throughout
25% shared ownership option or 100% purchase available
Allocated off-street parking plus private patio garden
Currently let at £1,150 PCM; estimated 8% rental yield
Service charge ~£2,676pa; ground rent £100pa
Lease remaining: 108 years (check long-term plans)
Electric storage heating; double glazing; EPC B
Area described as high crime and locally deprived
This well-presented one-bedroom flat in PO1 offers an accessible entry to Portsmouth living with no forward chain and flexible ownership options (25% shared ownership or 100% freehold purchase). Set within a modern residential development, the apartment benefits from an open-plan living area, a modern kitchen, and a private patio garden with access to landscaped communal grounds. Allocated off-street parking adds everyday convenience in a central location near the Historic Dockyard and Gunwharf Quays.
The property is currently let for £1,150 PCM, producing an estimated rental yield of around 8%, which will interest buy-to-let investors or buyers seeking immediate income. Practical running costs are clear: an annual service charge of approximately £2,676 and a small ground rent of £100. The flat has double glazing, an EPC rating B, and electric storage heating throughout.
Notable considerations are the lease length (108 years remaining) and the building’s service charges — important for long-term ownership planning. The wider area is described as a cosmopolitan, multicultural student neighbourhood with higher crime levels and local area deprivation; prospective buyers should weigh location trade-offs and review safety, insurance and management arrangements. The property is offered chain free and would suit a first-time buyer using shared ownership, an investor seeking rental income, or someone wanting a low-maintenance city base.
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