Summary - 2, Netley Terrace, SOUTHSEA PO5 3NF
1 bed 1 bath Flat
Compact seaside apartment with rental income potential near shops and transport.
- Share of freehold; 101 years remaining on lease
- Can be sold with tenant paying £675pcm (income) or with no chain
- Southerly-facing bay sash window; good natural light
- Compact open-plan lounge/kitchen; efficient use of space
- Service charge £960pa (includes buildings insurance); no ground rent
- Small double bedroom; narrow width may limit furniture layouts
- No private outdoor space; on-street parking only
- Area records higher crime levels; consider impact on lettings/insurance
A compact one-bedroom upper-ground apartment in central Southsea, offered with a share of freehold and 101 years remaining on the lease. The open-plan lounge/kitchen benefits from a large southerly-facing bay sash window that floods the room with light and gives good street-facing aspect. It’s a short walk to the seafront, shops, cafes and bus routes, making it straightforward to let or rent to local professionals and students.
The flat can be sold with no onward chain or with an existing tenant paying £675 pcm, presenting immediate rental income for investors. Service charge is £960pa (includes buildings insurance) and there is no ground rent. Accommodation is efficiently laid out: a modest double bedroom, bathroom with shower over bath, and communal entrance with entry phone.
The building is a Victorian conversion in a conservation area so the property carries period character such as high ceilings and bay windows, but the flat itself is small and would benefit from light cosmetic updating and decluttering. There is no private outdoor space and on-street parking is available. Prospective buyers should note the surrounding area records higher crime statistics — this may affect lettings and insurance premiums.
Overall this is a pragmatic buy-to-let or first-step purchase for buyers seeking a well-located, low-maintenance flat with immediate income potential or straightforward resale appeal to Southsea renters and first-time buyers.
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