Two-bedroom auction opportunity with garden and short-term roof liability..
Two-bedroom ground-floor flat, around 579 sq ft
Victorian terrace; communal paved rear garden and rear access
Double glazing and gas central heating; boiler c.2020 reported
Section 20 served for roof works; landlord currently absent
Lease ~105 years; ground rent £200 pa; insurance ~£251 pa
Auction sale — reservation fee and faster completion terms apply
Small overall size; requires cosmetic updating and possible damp checks
Area: high crime and high deprivation — affects rental/resale demand
This ground-floor, two-bedroom flat in Fratton is a compact investment or refurbishment opportunity close to local amenities and transport. Set within a Victorian terrace, the flat offers some ready features — double glazing, gas central heating, a 16ft reception room and a small communal rear garden — while presenting clear scope for updating and rental repositioning.
The property is being sold by auction and the vendor has flagged a Section 20 notice for roof works; the landlord is currently absent and the asking price reflects this outstanding work. Buyers should note the lease has approximately 105 years remaining, ground rent of £200pa and insurance charges of about £251pa. The sale route also involves auction-specific costs and processes, including a non-refundable reservation fee and a 56-day completion timetable once contracts are issued.
Internally the flat totals about 579 sq ft and is traditionally laid out with a sizeable reception room, fitted kitchen, bathroom and two bedrooms; the boiler was reportedly replaced around 2020. Neutral, straightforward accommodation like this can suit buy-to-let investors, first-time buyers prepared to renovate, or buyers seeking a short-term refurbishment project. Prospective purchasers must complete their own due diligence and budget for the communal roof works and any redecoration or damp repairs indicated in photos.
Location advantages include fast broadband, excellent mobile signal and immediate access to shops and public transport. Bear in mind the local area has higher crime and deprivation levels, which will affect tenant demand and resale positioning. This is a value-led purchase for someone able to manage the auction process and the known maintenance liabilities.
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