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Flat 8, 23-25 St Andrews Road, Southsea, Hamphsire, PO5 1EP
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant One-Bedroom Leasehold Flat, Southsea
Flat 8, 23-25 St Andrews Road, Southsea, Hamphsire, PO5 1EP
For Sale
£80,000+
• 1 Bedrooms
• Flat
• Leasehold
• Vacant
Description
A Vacant Second Floor One Bedroom Flat. The property comprises a second floor one bedroom flat situated within a detached converted house arranged over ground and two upper floors.
Accommodation
Second Floor: Reception Room, Kitchen, Bedroom, Bathroom. G.I.A. approximately 39 sq m (419 sq ft).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Southsea Common and Southsea Beach are within easy reach. Transport links are provided by Fratton rail station.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
The property is held on a 189 year lease from 25th December 1987, with approximately 150 years unexpired. |
Occupancy |
Vacant |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
Comparable sales range from £65,000 to £225,000, but bedroom count, size, condition and transaction comparability are not supplied. A reliable GDV range cannot therefore be established. The £850 pcm figure is an advertised asking rent, not achieved rent.
Investment Snapshot
Guide Price |
£80,000+ (plus fees) |
Estimated Monthly Rent |
£850 pcm |
Estimated Annual Rent |
£10,200 pa |
Gross Yield on Guide |
12.8% |
Strategy Recommendation
Potential buy-to-let at guide price, subject to rent validation, inspection, legal-pack review and confirmation of service charges and other costs.
Works Required
No specific defects or refurbishment requirements are evidenced. Inspect the flat and obtain legal-pack information before budgeting works.
Rental & Market Context
HB Estimated Market Rent |
£850 pcm |
|
St Andrews Road, Southsea PO5 1 bed flat to rent - (£196 pw) — 1 bed — £850 pcm — Advertised asking rent |
£850 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
29, St Andrews Road, Southsea, Portsmouth, Po5 1ep |
£225,000 |
|
9, St Andrews Road, Southsea, Portsmouth, Po5 1ep |
£65,000 |
|
33, St Andrews Road, Southsea, Portsmouth, Po5 1ep |
£199,950 |
|
33, St Andrews Road, Southsea, Portsmouth, Po5 1ep |
£195,000 |
|
19 - 21, St Andrews Road, Southsea, Portsmouth, Po5 1ep |
£230,000 |
Potential BRRR Position
A BRRR assessment is not supportable because GDV, refurbishment cost, service charges and finance costs are unavailable. The approximately 150-year lease is a positive factor, subject to legal review.
Buy-to-Let Analysis
At the £80,000 guide, the advertised £850 pcm rent equates to a 12.75% gross yield before fees, finance, service charges, maintenance, voids and tax. This is based only on asking rent and requires validation.
Flip Analysis
A flip surplus cannot be calculated reliably because the comparable sales vary materially and no works budget or selling-cost allowance is supplied.
Investor Risks & Due Diligence
• Comparable sale prices vary materially and lack specification details.
• The £850 pcm rent is an advertised asking rent rather than achieved rent.
• Condition and refurbishment requirements are unknown.
• Service charges, ground rent, EPC and council tax information are unavailable.
• Additional legal-pack disbursements and other purchaser charges may apply.
Recommendation
Potential buy-to-let at guide price, subject to rent validation, inspection, legal-pack review and confirmation of service charges and other costs.
Strategy Rating
HB Rating |
★★★☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
Address-specific sales and rental evidence are supplied, but comparable specifications, condition, costs, EPC and legal-pack details are incomplete.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
037A
Property Location:
Flat 8, 23-25 St Andrews Road, Southsea, Hamphsire, PO5 1EP
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