2 bed flat to buy in PO1

42-44 Arundel Street, Portsmouth, Hampshire, PO1 1NL

Brochure

Bedrooms: x 2

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

Connecting to auction...

Starting bid£100,000

Please wait while we establish connection

Key Information

Council tax: Band A
EPC rating: C
Heating supply: Electric
Electricity: National Grid
Broadband: FTTP (fibre to the premises)
Mobile signal: Good
Parking: None

Property features

Being Sold via Secure Sale Online Bidding T&C's Apply
TWO BEDROOMS
FIRST FLOOR FLAT
THREE PIECE BATHROOM
OPEN PLAN LIVING
CLOSE TO LOCAL AMENITIES
SHORT WALK FROM TRAIN
EPC RATING C
983 YEAR LEASE

2 bed flat to buy in PO1

**Being Sold via Secure Sale Online Bidding. Terms & Conditions Apply**

A well-presented two-bedroom first-floor flat, currently tenanted and generating **£1,000 PCM**, making it an excellent investment opportunity with immediate rental income.

The property offers spacious and well-maintained accommodation, comprising two good-sized bedrooms, a bright living area, a fitted kitchen, and a bathroom. Ideally situated close to local amenities, schools, and excellent transport links, it is well positioned for both tenants and future owner-occupiers.

Further benefits include an **EPC rating of C** and a **983-year lease**, providing long-term security and enhancing the property's investment appeal.

This is an ideal opportunity for investors seeking a property with an established rental income in a convenient and desirable location.

Lounge/Kitchen - 3.02 x 6.22 (9'10" x 20'4") -

Bedroom One - 2.46 x 5.28 (8'0" x 17'3") -

Bedroom Two - 2.08 x 3.30 (6'9" x 10'9") -

Bathroom - 1.70 x 1.75 (5'6" x 5'8") -

Leasehold Information - Lease Length: 983 YEARS
Ground Rent: £250 PA
Service Charge: £1,500 PA

Length of Lease: 114
Annual Ground Rent Amount: £500.00
Annual Service Charge Amount: £2,074.00

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Heating supply: Electric
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: FTTP (fibre to the premises)
Mobile signal: Good

Construction

Construction materials: Brick and block
Roofing types: Flat

Building Safety

Property at particular risk of floods and/or erosion: No
Has flooded in last five years: No
Has flood defences: No
Has planning permission or proposals for development that will affect property: No
Is on a coalfield or mining area: No

Rights and Restrictions

Is listed building: No
Is conservation area: No
Has public right of way: No
Has accessibility adaptations: No
Has restrictions: No
Has required access (easements, servitude or wayleaves): No

Get a free valuation that fits your needs.

Whether you’d like an instant online estimate or an expert visit to discuss your home in detail, our team will give you clear, honest advice and help you plan your next move.

Free Expert Home Visit Valuation Get an Instant Online Valuation

These results are for a repayment mortgage and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Land Tax rates are based on UK government guidelines and are subject to change. This calculator is for guidance only. Please consult a qualified professional for advice on your specific circumstances.