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Next Property Auction: 21/11/2019

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VIEW PREVIOUS RESULTS: 26/09/2019

Auction Properties
Available lots for 21/11/2019

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Auction Guide Price £35,000 - Available

Clarence Parade, Hampshire

0 bedroom - Detached
Palmerston Court is an impressive and imposing five-storey 'mansion' block occupying a prominent Seafront position directly opposite Southsea Common, a short distance from the junction of Clarence Parade with Palmerston Road. To the rear are generous communal gardens with individual lock-up stores.All ten units have been SOLD, with lease and Ground Rents details as follows:

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Auction Guide Price £80,000 - Available

London Road, North End, Hampshire

2 bedroom - Flat
The apartment is one of two residential units, above shop premises, within a substantial end-terrace late-Victorian property having brick elevations under a modern tiled roof. Previously occupied by the vendor, now empty, it is considered a very attractive, modestly priced addition to any investment portfolio, having a projected return of around £650 p.c.m. Full particulars are given as follows:

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Auction Guide Price £125,000 - Available

East Lodge Park, Hampshire

2 bedroom - Flat
Tenanted until recently, and offered in fair condition, this opportunity is considered a worthwhile addition to any investment portfolio (a similar unit, Flat 36, is included in the November Auction and is let at £725 p.c.m. - equivalent to a gross yield of around 7% p.a.) or would suit owner-occupation. Full details are as follows:

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Auction Guide Price £125,000 - Available

East Lodge Park, Farlington, Hampshire

2 bedroom - Flat
As stated, the property is subject currently to an Assured Shorthold Tenancy for a period of one year from 8th February 2019 (expiring 07.02.2020) at a rent of £725 p.c.m. With its healthy yield it is considered a very worthwhile addition to any investment portfolio. Full particulars are as follows:

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Auction Guide Price £125,000 - Available

Guildford Road, Hampshire

2 bedroom - Terraced
As stated, refurbishment is now needed throughout, the end result being considered well-suited to owner-occupation, lucrative letting, or re-sale (to first time buyers in particular). Full details are as follows:

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Auction Guide Price £140,000 - Available

Pitcroft Road, North End, Hampshire

2 bedroom - Semi
No. 56 comprises the (larger) front half of a substantial semi-detached late-Victorian house. Previously let at £750 p.c.m. it is available now with VACANT POSSESSION making it ideal for owner-occupation or continued lucrative letting.Full particulars are given as follows:

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Auction Guide Price £170,000 - Available

Westfield Road, Hampshire

3 bedroom - Terraced
As stated, a program of modernisation is now needed here, upon completion of which this attractive opportunity is considered ideal for re-sale, owner-occupation, or lucrative letting (projected rental yield £900 p.c.m.). Full particulars are as follows:

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Auction Guide Price £175,000 - Available

Maurice Road, Hampshire

3 bedroom - Terraced
Circa 1920 this inner-terrace family house has brick elevations under a slate roof, the facade featuring canopied entrance and double splay bay window. It stands behind a shallow forecourt, whilst to the rear is an average-sized garden enjoying a southerly aspect. As stated, the property would now reward a program of general up-dating, upon completion of which it lends itself to re-sale, lucrative letting, or owner-occupation. Full details are as follows:

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Auction Guide Price £210,000 - Available

Wilton Place, Hampshire

3 bedroom - Flat
Within a terrace of late-Victorian buildings, No. 27a is the larger of two units above commercial premises. It is approached via the shared (for the two residential units only) Car Port, rear staircase, and a useful balcony. Keenly guided to reflect a short lease, this attractive opportunity is considered a worthwhile and lucrative addition to any investment portfolio, or ideal for owner-occupation. Full details are given as follows:

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Auction Guide Price £215,000 - Available

Northney Road, Hampshire

3 bedroom - Semi
A relatively modest current gross yield of around 4.1% p.a. is counter-balanced here by a very strong hypothetical Vacant Possession value (similar examples, refurbished and extended, fetching £400,000-plus) and the presence of clear and considerable future potential. Overall an attractive and worthwhile addition to any investment portfolio. Full details are given as follows:

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Auction Guide Price £230,000 - Available

Fawcett Road, Hampshire

3 bedroom - Terraced
SHOP: Let on Licence at £775 p.c.m. (to include bills). Trading as Top Design Barbers, in occupation for some six years. GROUND FLOOR FLAT: Let on an Assured Shorthold Tenancy at £600 p.c.m. from December 2018. FIRST FLOOR FLAT: Let on an Assured Shorthold Tenancy at £625 p.c.m., the tenant being in occupation for some ten years. With a gross yield of around 10% p.a., this opportunity is considered a worthwhile addition to any investment portfolio. Full particulars are as follows:

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Auction Guide Price £250,000 - Available

Kirby Road, Hampshire

3 bedroom - Terraced
The property has been in our client's family's hands for some 50 years. The current layout as two units has maintained during this period (and may well be older), but it should be noted that there is no recorded planning history. As an alternative to future lucrative investment use, reversion to the original three bedroom family house is seen as a desirable option. Full particulars of this appealing opportunity are given as follows:

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