Summary - 58 Flats 3 & 4, 18 Wilson Grove, Southsea, Portsmouth, PO5 1PD PO5 1PD
4 bed 1 bath Apartment
Large four-bedroom shell near seafront, ideal for value-driven refurbishment.
Two formerly separate flats now intercommunicating to form one maisonette
A substantial period maisonette created by interlinking two formerly separate flats, offered for auction with a guide price of £100,000. The property provides generous internal space (approx. 138.1 sq.m / 1,486 sq.ft) across two floors and a total of four bedrooms — a clear canvas for an investor prepared to refurbish. All kitchen and bathroom fittings have been stripped out and the accommodation is in shell condition, giving scope to add value through a full renovation or conversion to short‑term/long‑term lets.
Located in the heart of Southsea, the building sits a short walk from the seafront, shops, restaurants and Portsmouth University. Fast broadband and excellent mobile signal support rental demand, while Fratton station nearby gives commuter access (London Victoria c.2hrs). Council Tax is very cheap (Band A for one flat), which helps running costs for tenants or future owners.
Important legal and cost points: the lot is leasehold (two leases sold as one) with approximately 107 years remaining. Ground rent is £200 per flat (£400 total) and doubles every 25 years. Buyers should note the specified buyer’s premium of £1,500 (inc. VAT) and other charges flagged in the legal pack — read these carefully before bidding. Crime in the area is reported as above average, so factor security and management costs into your plans.
This property suits investors targeting refurbishment projects near the seafront and university. It requires comprehensive works but offers substantial floor area and location benefits that can support rental income or resale after improvement. Expect to budget for full kitchens, bathrooms, decorating and possible systems upgrades.
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