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1 bedroom flat for sale
London Road, Portsmouth
£60,000
London Road, Portsmouth
£60,000
Our Summary
- ** For Sale By Online Auction ** Pre-Auction Offers Considered ****Guide Price - £60,000 - £70,000****No Onward Chain**NEXA Properties are please to offer this one bedroom ground floor flat situated on London Road, Portsmouth
- - Buyers Fee Applies- Auction Pack Available On Request- Auction Date - Wednesday 9th April 2025Video also available on request
- 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 DATE - WEDNESDAY 9TH APRIL 2025
- FOR SALE BY ONLINE AUCTION
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 is situated on London Road, Portsmouth, and features an open plan kitchen/lounge, a double bedroom, and a bathroom suite with shower over bath. The flat is currently rented out on a 12-month AST until April 2025, with a current rent of £725 per month excluding utilities. The auction will take place on April 9th, 2025, and buyers can bid online during the three-hour auction period. 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's essential to review the legal documents and seek legal advice before bidding.