Flat 2, 43, Marmion Road, SOUTHSEA, Hampshire, PO5 2AT

Description

Second floor two-bedroom apartment Refurbished condition with extended lease Ideally placed in the centre of Southsea Tenure Leasehold Lease Details The Lease is dated 6th June 2025 from and including 6th June 2025 to and including 24th March 2175 with a peppercorn ground rent. Location Situated in the heart of Southsea opposite Waitrose Supermarket, this apartment is within walking distance of a range of shops, cafés and restaurants found in the town centre, as well as the seafront and Southsea Common. The property benefits from public transport links, with nearby regular bus services and access to both Portsmouth & Southsea and Fratton train stations. Description This two bedroom second floor apartment has been recently fully refurbished and is being offered with an extended lease. Benefitting from spacious accommodation, newly fitted double glazing and gas central heating (not tested), this property would make an ideal investment purchase in a central Southsea location. Accommodatio

Location

Property located at Flat 2, 43, Marmion Road, SOUTHSEA, Hampshire, PO5 2AT.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆