Secure, low-management flat near Gunwharf with long lease and parking.
No onward chain — ready to occupy or let
Two double bedrooms with en-suite and second bathroom
Allocated off-street parking and secure bike cage
Concierge, fob access, and communal grounds with water feature
Long lease: 134 years remaining, leasehold tenure
Service charge c. £3,766pa; ground rent £200pa
Electric room heaters (no gas central heating) — potentially higher bills
Local area: high crime rate and student-focused neighbourhood
This modern two-bedroom apartment in PO1 offers a ready-made investment or first home with immediate availability — no onward chain. Set within a secure, concierge-served block, the flat benefits from allocated off-street parking, a Juliet balcony, and contemporary living spaces across approximately 671 sq ft.
Practical strengths include a long lease (134 years remaining), an EPC rating of B, an en-suite to the principal bedroom, and proximity to major transport links, Gunwharf Quays and the Historic Dockyard. The building’s concierge and fob-controlled access support tenant appeal and ease of management for landlords.
Buyers should note clear cost and location considerations: an average annual service charge of about £3,766 and a ground rent of £200, plus electric room heaters rather than gas central heating. The wider neighbourhood is classified as a multicultural, student-oriented area with higher local crime statistics and pockets of deprivation — factors that can affect long-term capital growth but often support strong rental demand and yield.
Overall, this leasehold apartment suits investors seeking a well-presented, low-management property in a central Portsmouth location, or buyers wanting a convenient, ready-to-move-in flat with strong transport links. The long lease and secure building help mitigate typical urban apartment risks, while service charges and heating type should factor into running-cost calculations.
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