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Next Property Auction: 27/02/2020

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VIEW PREVIOUS RESULTS: 21/11/2019

Previous Auction Properties
Results for 21/11/2019

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Auction Guide Price £35,000 - Sold Subject To Contract

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 £50,000 - Sold Subject To Contract

Shaftesbury Road, Hampshire

0 bedroom - Detached
The building's eight converted apartments have all been SOLD on 99 year leases from the 1st January 2004.

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Auction Guide Price £80,000 - SOLD FOR £ 82,000 - Sold Subject To Contract

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 - Sold Subject To Contract

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 - Sold Subject To Contract

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 - SOLD FOR £ 142,000 - Sold Subject To Contract

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 - Sold Subject To Contract

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 - SOLD FOR £ 175,000 - 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 - SOLD FOR £ 196,000 - Sold Subject To Contract

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 £215,000 - 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 - SOLD FOR £ 210,000 - 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 - Sold Subject To Contract

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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