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1 bedroom flat for sale
London Road, Portsmouth, Hampshire, PO2
£60,000
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
Description
This one-bedroom ground floor flat is being sold via online auction, with a guide price of £60,000 to £70,000. The property, located on London Road in Portsmouth, features an open-plan kitchen/lounge, a double bedroom, and a bathroom with a shower over the bath. The flat is currently tenanted until April 2025, with a monthly rent of £725 excluding utilities. The 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. Potential buyers are advised to review the legal documents and seek legal advice before bidding.