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Nelson Road, Southsea PO5 2AS

£80,000

TO BE SOLD BY PUBLIC AUCTION
TUESDAY 23rd JUNE (at The Queens Hotel, Southsea) UNLESS SOLD PRIOR
GUIDE PRICE: £75,000-£80,000
Of interest to investors, builders and keen owner-occupiers; enjoying a sought-after CENTRAL SOUTHSEA location, this ONE BEDROOM TOP FLOOR FLAT has a potential rental return of around £850 p.c.m.; it now REQUIRES GENERAL MODERNISATION.

  • Bedroom 1
  • Bathroom 1
  • Reception 1

Property Type

Flat

Parking

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Floor Area

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Tenure Type

None

Council Tax Band

A
Property Info
Map
EPC Report
Media

TO BE SOLD BY PUBLIC AUCTION
TUESDAY 23rd JUNE (at The Queens Hotel, Southsea) UNLESS SOLD PRIOR
GUIDE PRICE: £75,000-£80,000
Of interest to investors, builders and keen owner-occupiers; enjoying a sought-after CENTRAL SOUTHSEA location, this ONE BEDROOM TOP FLOOR FLAT has a potential rental return of around £850 p.c.m.; it now REQUIRES GENERAL MODERNISATION.  Within a pleasant and popular Conservation Area (Owen's Southsea), Nelson Road winds between Grove Road South and Victoria Road South, minutes only from Palmerston Road Shopping Precinct, some half a mile from Southsea Common and The Seafront, and convenient to a wide range of public amenities, including: shops and eateries, bus services, main-line stations, various schools, Portsmouth University campus, and the many attractions of historic Old Portsmouth. The apartment forms part of a substantial, four-storey, late-Victorian building having brick and rendered elevations under a modern tiled roof, the facade incorporating recessed porch and triple bay window. Let until recently on a long-term Tenancy; it is now VACANT and stands in need of refurbishment throughout. With potential for a lucrative rental yield, post-renovation, it presents as a modestly priced addition to any investment portfolio. Full details are given as follows:

Steps up to:

RECESSED PORCH

With part-glazed main front door to:

COMMON HALL

Staircase for upper floors.

28a

Private front door at lower half landing level and stairs beyond to:

TOP (2nd) FLOOR

LANDING

Access to Loft Space.

LIVING ROOM - 4.88m x 3.71m (16'0" x 12'2")

UPVC replacement double-glazed window to rear elevation. Double panel radiator.

KITCHEN - 1.98m x 1.78m (6'6" x 5'10")

Worktop with inset sink. Arched doorway from Hall.

BEDROOM - 3.73m x 2.67m (12'3" x 8'9")

UPVC replacement double-glazed window to front elevation. Built-in cupboard housing 'Ideal' gas fired central heating and hot water boiler. Built-in wardrobe. Door to:

BATHROOM & W.C. - 1.73m x 1.6m (5'8" x 5'3")

White suite comprising: panelled bath with mixer tap and independent shower mixer, pedestal handbasin, and low flush w.c. Vertical towel rail/radiator. Tiled walls. UPVC replacement obscure double-glazed window to front elevation.

GENERAL INFORMATION

Tenure: 125 years Leasehold from 2nd February 1983 (82 years remaining). The building FREEHOLD is owned by the leaseholders.
Service Charge: See Legal Pack.
Ground Rent: See Legal Pack.

COUNCIL TAX

Band 'A' - £1,527.80 p.a. (2026-2027)

EPC

Energy Rating 'D' (Floor Area 50 sq m approx).

VIEWING

By appointment with SOLE AGENTS & AUCTIONEERS,
D. M. NESBIT & CO.
(18088/060416)

ADDITIONAL AUCTION COSTS

A Buyer's Premium of £600 + V.A.T., will be payable by the purchaser to the Auctioneers. An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's Solicitors and available for inspection. Bidders are advised to make themselves aware of the content of the Legal Pack, containing, as it will, information in respect of any other charges that may apply (Search Fees and/or Seller's legal costs for example).

Interested in this property?

Whether you’ve only just started thinking about moving, or have done all your research and are ready to get the show on the road, we’re waiting to hear from you and ready to answer any questions you may have.