**Standout Features:**
- Split level apartment with two upper bedrooms
- Separate kitchen and utility room
- Modern Vaillant boiler and double glazing
- Gas central heating
- Chain-free sale via online auction starting at £115,000
- Currently tenanted at £900pcm
- Convenient location with access to local amenities and M27 motorway
**Notable Concerns:**
- Requires extensive redecoration and refurbishment
- Leasehold with 67 years remaining, may hinder mortgage options
- Property located in an area with above-average crime rates
Nestled in the bustling Stamshaw district of Portsmouth, this spacious split-level apartment offers a great investment opportunity with immediate rental potential at £900 per month. Spanning 936 square feet, it features a bright living room with high ceilings and large windows, a compact kitchen with modern fittings, two upper-floor bedrooms, and a utility room. While it boasts a new boiler and double glazing, the property is in need of substantial redecoration and upgrading, which presents a perfect chance for buyers looking to customize their space.
The apartment is chain-free and conveniently located just a short walk from the vibrant North End shopping area, providing easy access to shops, cafés, and transportation links including the M27 motorway. With its potential for value enhancement through refurbishment and updates, plus a share of the freehold, this property represents a unique opportunity for savvy investors or first-time buyers ready to roll up their sleeves. Act quickly—properties with this potential at this price point don’t stay on the market for long. Please note that the current leasehold situation may limit mortgage financing options, which should be considered as part of your decision-making process.
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