**Standout Features:**
- Victorian red brick Gothic revival property
- High ceilings and period detailing
- Close proximity to the seafront and local amenities
- Open-plan living space with kitchenette
- Vacant possession for immediate move-in potential
- Ground rent at a low £50
- Auction sale with a guide price of £60,000
**Concerns:**
- 61 years remaining on the lease, which may affect mortgage lending
- Structural update needed; potential mold or renovations implied by the need for modernization
- Below average crime rate, may affect desirability for some buyers
Discover this charming one-bedroom leasehold apartment situated in a period conversion in the heart of Southsea, just a short walk from the vibrant seafront, shops, and restaurants. With high ceilings and rich Victorian character, the flat features an open-plan lounge/kitchen, bedroom, and bathroom, making it a perfect cozy retreat for investors, professionals, or first-time buyers seeking their own slice of urban living.
While the flat offers immediate occupancy and low council tax costs, potential buyers should note the remaining 61-year lease, which may present challenges regarding financing. The area is classified as a cosmopolitan student neighborhood, presenting an excellent rental potential for investors. Embrace the opportunity to modernize this unique space to suit your personal style or future needs. Act quickly, as opportunities like this are rare and may not last long!
