CHARTERED SURVEYORS AUCTIONEERS ESTATE AGENTS VALUERS

Auction Guide Price £120,000 - Available

Waverley Road, Hampshire

1 bedroom - Flat
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Description

TO BE SOLD BY PUBLIC AUCTION - THURSDAY 18TH NOVEMBER.(unless sold previously)GUIDE PRICE £120,000-£130,000.OF INTEREST TO INVESTORS: enjoying a convenient location, this ONE BEDROOM REAR DUPLEX APARTMENT benefits from central heating, double-glazing, and GENEROUS PRIVATE GARDEN WITH SCOPE FOR PARKING. It now REQUIRES GENERAL MODERNISATION and holds future lucrative letting potential. Waverley Road runs from Clarendon Road to Albert Road, No. 79 being on the west side a short distance from the junction with Wimbledon Park Road. This position is some half a mile only from Southsea Town Centre (Palmerston Road Precinct) and a similar distance from The Seafront. This ground and first floor apartment forms part of a substantial late-Victorian inner-terrace building having brick elevations under a modern tiled roof. It has the advantage of a private courtyard together with a 37ft garden with potential for the provision of off-street parking (subject to the necessary consents).

Let until recently, 79d is, as stated, in need now of a programme of refurbishment. Once improved, it is expected to command a rent of around £700 p.c.m. (£8,400 p.a., equivalent to a gross annual yield of 6% or thereabouts). Considered a worthwhile addition to an investment portfolio. Full details of this opportunity are given as follows:


Private front door to:

LOBBY
Cupboard housing gas and electricity meters.

BATHROOM & W.C.
White suite comprising: panelled bath with shower attachment. Low flush w.c., pedestal handbasin. Vertical radiator/towel rail. Extractor.

LIVING ROOM 14'11 x 10'5
Coved ceiling with 8 recessed spotlights. Wood-laminate flooring. UPVC replacement double-glazed window to side elevation. Stairs to first floor, having built-in cupboard under. Double panel radiator. Glazed door to:

KITCHEN 9'2 x 8'1
Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring gas hob. Plumbing for washing machine. Cupboard housing 'Vaillant' gas fired central heating and hot water boiler. UPVC replacement double-glazed window to side and rear elevations. 6 recessed ceiling spotlights.

FIRST FLOOR

SMALL LANDING
UPVC replacement double-glazed window to rear elevation.

BEDROOM 14'0 x 10'6
Coved ceiling. UPVC replacement double-glazed window to side elevation. Two built-in cupboards. Single panel radiator.

OUTSIDE

INNER COURTYARD 30'0 x 8'0 average
Having underpass from front of the building.

MAIN GARDEN 37'0 x 10'10 average
Walled and fenced surround. Potential for off-street parking (subject to the necessary consents) accessed via Wimbledon Park Road.

GENERAL INFORMATION
Tenure: 125 years leasehold from 29.9.1985 (89 years remaining). The building freehold is owned by the leaseholders in common.
Maintenance Charge: See Legal Pack.
Ground Rent: See Legal Pack.
Council Tax: Band 'A' - £1214.50 p.a. (2021-2022)

EPC 'D'
Https://find-energy-certificate.digital.communities.gov.uk/energy-certificate/0381-0077-4211-8209-5204

VIEWING
By appointment with AUCTIONEERS, D. M. NESBIT & CO.
(17475/032197)


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Key Contacts

Southsea Office

7 Clarendon Road, Southsea, Portsmouth
Hampshire PO5 2ED

Tel: 023 9286 4321

Robin Evans - Head of Residential Sales
robinevans@nesbits.co.uk

Hannah Prichard - Sales Negotiator
hannah@nesbits.co.uk

Jackie Evans - Sales Negotiator
jackie@nesbits.co.uk

Alison Weeden - Secretary
alisonw@nesbits.co.uk

RICS

Nesbit properties are on rightmove