Summary - 89, Magennis Close PO13 9PR
2 bed 1 bath Apartment
Vacant auction opportunity near shops and schools with low council tax and strong broadband.
Auction sale with guide price £40,000 (Thursday 23 October 2025)
This vacant top-floor two-bedroom maisonette is being sold at auction with a guide price of £40,000. The apartment offers clear refurbishment potential across an 75 sq.m. layout: living room with balcony, kitchen, two double bedrooms and bathroom. It is accessed via the third floor and benefits from double glazing and a Band A council tax rating — both help keep running costs low.
Important sale details and costs are material to any decision. The lease has approximately 88 years remaining and there is a small ground rent (£25 pa). Buyers should note a buyer’s premium of £900 (inc. VAT) plus other charges listed in the legal pack; review the special conditions carefully before bidding. The property will require updating to modern standards — heating is by electric room heaters, walls are system-built with assumed no insulation, and the EPC is D.
Location-wise the flat sits near local shops, schools rated Good, and everyday amenities; Gosport train station is about three miles away. Broadband and mobile signal are both strong. The wider area faces high deprivation and recorded above-average crime, which may affect resale or letting values and tenant demand; factor this into budgeting and management plans.
For investors or buyers prepared to renovate, the maisonette’s low guide price and vacant possession present a chance to add value through energy upgrades, modern heating, and cosmetic refurbishment. Conversely, buyers seeking a move-in-ready home should expect additional works and should consult the legal pack and lease documents before bidding.
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