1 bed Apartment
New Road, Portsmouth, Hampshire PO2 7RB
£82,000
3 June 2025
GUIDE PRICE
AUCTION DATE
- Flat
- 1 Bedroom(s)
We are delighted to present to you this two-bedroom flat, ideally located with excellent public transport links and local amenities within reach. The flat, whilst in need of some refurbishment, offers ample space with reception room, a kitchen, two good-sized bedrooms, and a bathroom. The living quarters feature a large open plan living and dining space, providing an excellent canvas for you to put your stamp on. Being a leasehold property, there are 62 years remaining on the lease. Despite its need for modernisation, the property provides a solid return on investment for savvy investors. The estimated rental income is around £12,000 per annum, presenting an exceptional gross yield. Another notable advantage of this property is its allocated secure parking, a highly sought-after feature in such a central location. The Energy Performance Certificate (EPC) rating for this property is 'D', and it falls under the 'A' council tax band. Please be aware that the property is for sale by the modern method of auction, which is an exciting prospect for potential buyers looking for an investment opportunity. In conclusion, this flat represents a fantastic investment opportunity in a desirable location. With some modernisation and personalisation, it could be transformed into a high-yielding rental property or a comfortable home. We encourage early viewing to appreciate the potential this property offers.
New Rd, Fratton
Guide Price
£82,000
Auction Date
3 Jun 2025
End Time
17:32
Venue
Online
Auctioneer
IAM Sold
IAM Sold
Unit 7, Diamond Court, Newcastle upon Tyne, NE3 2EN
0345 646 0302
About IAM Sold
iamsold, part of the iamproperty Group, is the largest residential auctioneer in the UK and pioneer of the Modern Method of Auction (MMoA). iamsold works with a network of 2,500 Partner Agents as an expansion of their business, enabling them to provide auction services to their clients and grow their business.