Summary - MARLBORO HOUSE, 18 FLAT 1 MALVERN ROAD SOUTHSEA PO5 2NB
1 bed 1 bath Apartment
Central seafront-adjacent investment with refurbishment and lease challenges..
Vacant one-bedroom first-floor flat, 463 sq ft
Short lease: approx. 39 years — lender refusal likely
Sold at online auction; 5% deposit and buyer's premium apply
Unmodernised condition; requires full renovation throughout
High flood risk and above-average local crime rate
Numbered off-street parking space included
Convenient central Southsea location near seafront and shops
Service charge £920 per year (below average)
A compact one-bedroom first-floor apartment offered with vacant possession and sold at online auction. The flat includes small front and rear balconies and a numbered off-street parking space, located a short walk from Southsea seafront, local shops and Palmerston Road amenities.
This is a short-lease, unmodernised property that requires renovation throughout; the utility room and general finishes are dated and will need investment. The lease has approximately 39 years remaining — many mortgage lenders may refuse to lend on this basis, and buyers should review lease and financing options carefully.
Buyers must also note the property is in a high flood-risk area and sits within an area of above-average crime; these factors, together with an average-sized 463 sq ft footprint and a below-average service charge of £920, affect resale and insurance costs. The lot is unconditional: bidders will pay a 5% deposit on the fall of the hammer, a buyer’s premium applies, and completion is typically required within 28 days.
For a buyer able to undertake refurbishment or purchase with cash, this flat offers a central Southsea location close to transport links, shops and leisure facilities — presenting short-term rental or longer-term value-add potential after works and lease advice.
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