2 bed apartment to buy in PO1

Nancy Road, Portsmouth, Hampshire, PO1 5DF

Brochure

Bedrooms: x 2

Bathrooms: x 1

Receptions: x 1

Tenure: Leasehold

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Starting bid£100,000

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Key Information

Council tax: Band B
EPC rating: B
Heating supply: Gas
Electricity: National Grid
Broadband: Cable
Mobile signal: Good
Parking: Undercroft

Property features

Being Sold via Secure Sale online bidding. Terms and Conditions apply
INVESTMENT OPPORTUNITY
NO FORWARD CHAIN
SECURE ENTRY SYSTEM
TENANTS IN SITU
PURPOSE BUILT FLAT
SHORT WALK TO THE SHOPS

2 bed apartment to buy in PO1

Pattinson Auction are delighted to offer for sale this well-presented two-bedroom apartment, offered to the market with tenants in situ and generating an attractive gross yield of approximately 8.5% based on the asking price.
Situated within a purpose-built development on Nancy Road, the property enjoys a highly convenient location within easy reach of Portsmouth City Centre, Commercial Road shopping facilities, Portsmouth & Southsea railway station and a wide range of local amenities.
The accommodation comprises a spacious living room, fitted kitchen, two double bedrooms and a family bathroom. Additional benefits include secure entry to the building, gated undercroft parking, lift and stair access, and well-maintained communal areas throughout.
An ideal addition to any investment portfolio, the property offers immediate rental income from completion and a strong yield in a sought-after central location.

Council Tax Band: B
Tenure: Leasehold (101 years)
Ground Rent: £300 per year
Service Charge: £2,021 per year
Outside

A purpose-built apartment building occupying a prominent corner position within the city centre. The development benefits from secure entry, residents' parking and convenient access to a wide range of shops, restaurants, transport links and local amenities.

Bedroom 2

A double bedroom offering ample space for bedroom furniture, with a large window providing good natural light. The room offers flexible accommodation and could equally serve as a guest bedroom, children's room or home office.

Bathroom

Fitted with a white suite comprising a panel-enclosed bath with shower over, wash hand basin with storage beneath and WC. The room is arranged to make efficient use of the available space, with tiling and shelving providing practical storage and functionality for everyday use.

Bedroom 1

A spacious double bedroom benefiting from a large window that allows for plenty of natural light. The room comfortably accommodates a range of bedroom furniture and serves as an inviting principal bedroom.

Reception Room

A generously sized living room providing plenty of space for family seating and additional furniture. The room offers a practical layout that lends itself well to modern living, creating a comfortable environment for relaxing, entertaining and spending time with family and friends.

Kitchen

Fitted with a range of wall and base units, the kitchen provides practical workspace and storage, complemented by integrated cooking appliances and space for additional white goods. A window to the rear aspect allows for natural light, creating a functional and well-organised space for everyday use.

Parking

The development benefits from secure gated undercroft parking for residents, providing convenient off-road parking within the development.

Length of Lease: 101
Annual Ground Rent Amount: £2,021.00
Annual Service Charge Amount: £300.00

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: Gas
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: Cable
Mobile signal: Good

Construction

Construction materials: Brick and block
Roofing types: Clay tiles

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

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