Summary - Flat 9, 78-80, Waverley Road PO5 2PS
2 bed 1 bath Flat
Auction opportunity for cash buyers with refurbishment upside.
Top-floor two-bedroom flat, 643 sq ft
Sold at public auction 10 Dec 2025 — cash buyers only
Short lease: 64 years remaining — mortgage refusal likely
Fitted kitchen and functional bathroom, ready for cosmetic upgrades
Victorian building; exterior wear and period character remain
Timber-frame walls likely uninsulated — energy improvements advised
High local crime and deprived area — affects insurance and lettings
Low Council Tax (Band A) and strong local rental demand
Located in central Southsea, this top-floor two-bedroom flat sits within a Victorian building and offers 643 sq ft of well-proportioned accommodation. The living room, fitted kitchen and bathroom are functional, making the property immediately habitable but better suited to buyers willing to invest in cosmetic upgrading. Fast broadband and excellent mobile signal support rental demand in this student-and-professional neighbourhood.
Important practical facts: the property is being sold by public auction (10th December 2025) for cash buyers only, with a remaining lease of 64 years. This short lease is a material issue — many mortgage lenders will refuse to lend, so purchasers should prepare for a cash purchase or to pursue lease extension costs. There is an additional buyer admin fee of £600 payable on exchange; review the legal pack for full disbursements.
The flat presents clear investment potential after improvement. Local rental demand is strong and nearby amenities and schools are convenient, supporting lettability. However, the building shows dated exterior wear and the construction details (timber frame, likely no wall insulation) mean buyers should budget for energy-efficiency improvements. Double glazing was installed before 2002 and heating is by mains-gas boiler and radiators.
Buyers should note the wider area has a higher-than-average crime and deprivation profile; factor this into lettings, insurance and refurbishment specifications. Prospective purchasers are advised to inspect, obtain specialist surveys, and check the full legal pack and title, particularly regarding the lease, before bidding at auction.
1 bedroom apartment for sale in Flat 3 Marlboro House, 18 Malvern Road, Southsea, Hampshire, PO5 2NB, PO5 — £45,000 • 1 bed • 1 bath • 463 ft²
1 bedroom apartment for sale in Flat 5, 8 Nightingale Road, Southsea, PO5 3JL, PO5 — £60,000 • 1 bed • 1 bath • 409 ft²
2 bedroom flat for sale in Apartment 13 Charter House, Lord Montgomery Way, Portsmouth, Hampshire, PO1 2SG, PO1 — £125,000 • 2 bed • 1 bath • 845 ft²
2 bedroom flat for sale in Flat 8, 43-45 Elm Grove, Southsea, Hampshire, PO5 — £90,000 • 2 bed • 1 bath
1 bedroom apartment for sale in Flat 6, 34 Alhambra Road, Southsea, PO4 0RT, PO4 — £95,000 • 1 bed • 1 bath • 528 ft²
1 bedroom flat for sale in 6 Kenross Court, Granada Road, Southsea, Hampshire, PO4 — £90,000 • 1 bed • 1 bath
