Summary - 31 BROADSANDS DRIVE ALVERSTOKE GOSPORT PO12 2SB
2 bed 1 bath Flat
Cash-purchase two-bed close to Stokes Bay — short lease, no chain..
Two-bedroom first-floor flat, 593 sq ft
Cash buyers only — mortgage lenders likely to refuse
Only 40 years remaining on the 99-year lease
Modern kitchen and modern bathroom installed
PVCu double glazing and allocated parking space
Service charge approx £2,302 per year; ground rent £12
Electric storage heaters; main fuel is electricity
No forward chain; quick completion possible for cash buyers
A compact two-bedroom first-floor flat in Alverstoke, a short drive from Stokes Bay and Stanley Park. The apartment has been updated with a modern kitchen and bathroom and benefits from PVCu double glazing and an allocated parking space. The communal block dates from the 1970s with a shared garden and straightforward access via a communal entrance and stairs.
Important practical details affect purchase: there are only 40 years remaining on the lease, so most mortgage lenders will refuse to lend — this is a cash-purchase opportunity only. The current half-yearly service charge is £1,151 (approx. £2,302 per year) and ground rent is £12 per annum. Heating is by electric storage heaters and main services are electric, water and sewage.
For a cash buyer or investor this is a low-entry-price property (593 sq ft) close to local amenities and well-liked schools. The lack of long lease length limits standard mortgage finance and will require either a cash buyer or a buyer prepared to fund a lease extension (likely costly) before mortgage eligibility is restored. No forward chain may speed completion for a buyer able to proceed in cash.
Buyers should verify lease and management details professionally before exchange. The flat is sold with no forward chain; measurements and descriptions are approximate and fixtures/fittings and services have not been tested.
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