Compact period apartment near seafront — low guide price, auction sale.
Second-floor 1-bedroom flat in Victorian conversion, vacant on completion
A compact one-bedroom second-floor flat in a Victorian conversion, offered vacant and sold at auction with a guide price of £95,000. The apartment offers open-plan living, a separate study, and period external character including bay windows and tall ceilings in communal areas. Its 49 sqm (528 sq ft) internal floor area and double glazing make it a straightforward let or starter-home refurbishment opportunity.
The location is a primary strength: under a mile to Southsea shopping and a short walk to the seafront and pier, with plentiful local amenities, cafes and leisure options nearby. Broadband is fast and mobile signal excellent, supporting modern lettings and home-working tenants. Council Tax Band B is relatively cheap and the lease has 106 years remaining with peppercorn ground rent.
Buyers should note material drawbacks: the property is leasehold and will be sold at auction — a buyer's premium of £1,200 (inc VAT) and further legal charges apply, as stated in the legal pack. The building records an EPC rating of D and internal rooms show dated 1990s finishes needing modernization. The area records higher crime levels and the building walls are assumed to have no cavity insulation, which may affect running costs.
This flat suits cash buyers or investors seeking a low-entry seaside asset to refurbish and re-let, or a first-time buyer willing to carry upgrade work. Read the auction legal pack carefully for special conditions, fees and completion requirements before bidding.
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