Summary - Flat 3, 102 Waverley Road PO5 2PS
2 bed 1 bath Apartment
Chain-free two-bedroom apartment with period proportions and clear renovation potential..
Chain-free split-level first-floor apartment with large, bright rooms
Two double bedrooms; lounge 14'7" x 12'2" — good proportions
Needs renovation and modernisation throughout; cosmetic and systems work likely
Electric storage heaters; no communal gas central heating
Lease circa 87 years remaining; share of freehold tenure
Service charge approx £1,759 (average); check management accounts
Area classified as deprived with high local crime rates
Central Southsea location, close to shops, transport and amenities
This split-level first-floor apartment in central Southsea offers spacious, bright rooms and clear scope to add value. The property is chain-free and well positioned for shops, restaurants and transport links, making it a straightforward purchase for a first-time buyer or a buy-to-let investor. Some online photos have been virtually staged to show potential — the current rooms are presented unfurnished.
The layout comprises an entrance hallway, a 14'7" x 12'2" lounge, two double bedrooms (13'8" x 11'2" and 13'8" x 10'2"), a kitchen, bathroom and separate WC. The building is a Victorian mid-terrace with high ceilings and period character; double glazing was installed post-2002. At about 711 sq ft, the apartment is an average-sized home with good natural light throughout.
There is clear renovation potential but material issues to note: the flat needs modernisation, heating is by electric storage heaters, and walls are assumed to be uninsulated cavity construction. The lease has 87 years remaining, a share of freehold tenure, and an average service charge of £1,759. Council tax is described as very cheap. Importantly, local statistics show a high crime rate and the wider area is classified as deprived — factors to consider for owner-occupiers and investors.
For buyers prepared to update the property, the combination of central Southsea location, roomy period proportions and chain-free sale represents tangible upside. Confirm lease details, service charge breakdown and any works or consents with your solicitor before proceeding.
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