**Standout Features:**
- Leasehold second-floor 2-bedroom flat
- Guide Price: £70,000
- Current rental income of £900/month, yielding £10,800/year
- Above commercial premises in busy Cosham High Street
- Close to public transport and local amenities, including schools with favorable Ofsted ratings
- Double-glazed windows installed post-2002
**Concerns:**
- Very high crime rate in the area
- Property condition is dated, requiring modernization
- Ground rent of £125 per annum
- Auction sale coming up on 11 September 2025
This leasehold two-bedroom flat offers a lucrative opportunity for investors seeking rental income in a dynamic location. With a current tenant in place until October 2024, you secure immediate cash flow while contemplating potential renovations to enhance the property’s value. The spacious living room and kitchen layout provide flexibility for updates tailored to modern amenities. Located conveniently above vibrant retail spaces and just moments from Cosham train station, the property is well-positioned for urban living.
Although the property is situated in an area with a very high crime rate, it boasts excellent mobile and broadband connectivity, catering to work-from-home professionals. The flat does require modernization, making it an ideal project for buyers looking to capitalize on a transitional neighborhood with growth potential. Council tax is affordable, and with over 100 years left on the lease, there's significant flexibility for future improvements. Don't miss this auction opportunity—properties like this don’t stay on the market long!
