Exeter Road, Southsea PO4 9PZ
TO BE SOLD BY PUBLIC AUCTION
11 am TUESDAY 25th AUGUST (at The Queens Hotel)
GUIDE PRICE: £370,000-£390,000
Of particular interest to investors and builders: the well-situated and spacious character property arranged as a TWO BEDROOM GROUND FLOOR FLAT together with a FIVE BEDROOM UPPER MAISONETTE; now VACANT and offering considerable potential, including continued letting, with a projected rental return of around £36,000 per annum (equivalent to a gross yield of 9.5%).
Property Type
Parking
Floor Area
Tenure Type
Council Tax Band
TO BE SOLD BY PUBLIC AUCTION
11 am TUESDAY 25th AUGUST (at The Queens Hotel)
GUIDE PRICE: £370,000-£390,000
Of particular interest to investors and builders: the well-situated and spacious character property arranged as a TWO BEDROOM GROUND FLOOR FLAT together with a FIVE BEDROOM UPPER MAISONETTE; now VACANT and offering considerable potential, including continued letting, with a projected rental return of around £36,000 per annum (equivalent to a gross yield of 9.5%). Exeter Road runs Highland Road to Festing Grove, a pleasant and sought-after residential address convenient to a wide range of public amenities, including Southsea Seafront, local shops and eateries, recreation facilities, and various schools. This attractive, inner-terrace, late-Victorian former family house has brick elevations under a modern tiled roof, the facade incorporating recessed porch and double splay bay window. It stands behind a shallow forecourt, whilst to the rear is a walled courtyard garden with easterly aspect.
HISTORY & PLANNING: The property was acquired by the seller in 2004, being arranged then as two informal units (NO PLANNING CONSENT, but recorded as divided). Until recently, the Ground Floor Flat has been Let at £1,200 p.c.m., the upper Maisonette at £1,800 p.c.m., the latter appearing on Portsmouth City Council's 2017 database of HMOs.
Full particulars are given as follows:
PORCH
COMMON HALL
GROUND FLOOR FLAT
Entrance Hall
Living Room - 5.13m x 3.48m (16'10" x 11'5")
Bedroom One - 4.34m x 2.77m (14'3" x 9'1")
Shower & W.C.
Kitchen - 2.44m x 1.85m (8'0" x 6'1")
Bedroom Two - 4.19m x 2.79m (13'9" x 9'2")
UPPER MAISONETTE
Rear Half Landing
Shower & W.C. - 2.06m x 1.85m (6'9" x 6'1")
Bathroom & W.C. - 2.51m x 1.88m (8'3" x 6'2")
Bedroom One - 3.73m x 2.82m (12'3" x 9'3")
MAIN FIRST FLOOR
LANDING
Bedroom Two - 4.24m x 3.02m (13'11" x 9'11")
Bedroom Three - 5.16m x 2.34m (16'11" x 7'8")
Bedroom Four - 3.2m x 2.11m (10'6" x 6'11")
Upper Half Landing
Bedroom Five - 3.96m x 2.77m (13'0" x 9'1")
Loft Living Room/Kitchen - 4.62m x 4.5m (15'2" x 14'9")
OUTSIDE
REAR: 15'6 x 10'10 (4.72m x 3.30m) plus 30'0 (9.14m) recess. 'L'-shaped courtyard garden with walled surround and easterly aspect.
COUNCIL TAX
Upper Maisonette: Band 'A' - £1,527.80 p.a. (2026-27).
EPC
Maisonette: Energy Rating 'D' (Floor Area 89 sq m approx).
VIEWING
D. M. NESBIT & CO.
(18120/064420)
ADDITIONAL AUCTION COSTS
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