Large lower-ground period apartment near shops and beach, ideal for cash buyers.
- Large lower-ground one-bedroom apartment, approx. 700 sq ft
- Close walk to Southsea seafront and Palmerston Road amenities
- Leasehold with c.50 years remaining — mortgage risk
- Advertised for cash buyers only; lenders may refuse
- Average service charge £1,690; ground rent £25 per year
- Electric storage heating; likely poor thermal insulation
- Period building with high ceilings and sash-style windows
- Local area: very high crime rate; consider security implications
This lower-ground one-bedroom apartment offers generous floor space (approx. 700 sq ft) and period character just minutes from Southsea seafront. High ceilings and large sash-style windows give rooms a bright, airy feel despite the lower-ground position. The fitted kitchen and roomy lounge provide immediate liveable accommodation while retaining scope for cosmetic improvement.
Important practical points are upfront: the flat is leasehold with around 50 years remaining and is advertised for cash buyers — mortgage lenders may refuse to lend. Service charge and running costs are notable: an average service charge of £1,690 and a small ground rent of £25 apply, and heating is by electric storage heaters. The building dates from c.1900–1929 and likely has cavity walls with no added insulation, so energy performance could be improved.
The location is a strong selling point for investors or cash purchasers seeking seafront proximity and urban convenience. Palmerston Road shops, cafes and transport links are within easy walking distance, and broadband and mobile signal are good. Expect an active rental market but also factor in the very high local crime rate and typical lower-ground-flat considerations when valuing tenancy or resale potential.
Overall this property is best suited to a buyer who can purchase without mortgage reliance and who accepts some retrofit and maintenance work to modernise heating, insulation and finishes. For the right cash buyer it presents an affordable entry into Southsea’s coastal market with clear scope to add value.
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