1 bedroom flat for sale

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1 bedroom flat for sale

London Road, Portsmouth, Hampshire, PO2
£60,000

Our Summary

  • ** For Sale By Online Auction** Pre Auction Offers Considered** Guide Price - **£60,000 - £70,000** We are please to offer this one bedroom ground floor flat situated on London Road, Portsmouth
  • Traditional Terms And Conditions - This property is for sale via Online Auction
  • This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
  • The auction will run for 3 hours on a set date and time chosen by the vendor of the property
  • The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
  • Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
  • The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
  • Properties may be sold prior to public auction if an offer is accepted by the vendors
  • **Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction
  • **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold
  • Auction Pack Available On Request

Description

This one-bedroom ground floor flat is being sold by online auction with a guide price of £60,000-£70,000. The property features an open-plan kitchen/lounge, double bedroom, and bathroom suite with shower over bath. The current tenant is due to vacate in August 2025, and the property will be available on a 12-month contract with a rental income of £750 per month. The property also comes with a service charge of £1,600 per annum and insurance of £549 per annum. The online auction will run for three hours on a set date and time, and the winning bidder will be required to pay a 10% deposit and a non-refundable reservation fee of 3.6% of the winning bid, in addition to the purchase price. It is recommended that bidders review the legal documents prior to bidding and seek legal advice.