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Percy Road, Southsea PO4 0BH

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

2

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Floorplan 1Floorplan 2
2

Description

TO BE SOLD BY PUBLIC AUCTION (at a date to be confirmed) UNLESS SOLD PREVIOUSLY.
GUIDE PRICE: £250,000.
We invite IMMEDIATE CASH OFFERS (on strict Auction terms) from investors and owner-occupiers for this well-situated VACANT HOUSE ARRANGED AS TWO FLATS, previously let and having a projected return of around £21,000 p.a., equivalent to a gross yield of some 8.5%. Percy Road runs from Fawcett Road to Francis Avenue, No. 83 being on the north side a short distance from the junction with Talbot Road. This is a popular and very convenient residential address, a wide range of public amenities being available within a radius of one mile, including: Southsea Town Centre and Seafront, main-line stations, St Mary's Hospital, University Campus, recreation facilities, shops and eateries. This inner-terrace former single family house has brick elevations under a modern tiled roof, the facade incorporating splay bay window and recessed porch. It stands behind a shallow forecourt, whilst to the rear is a walled patio garden, benefitting from pedestrian access via Manners Lane, and where scope exists to create off-street parking (subject to consents). The current layout, as two self-contained flats, is clearly historic, although lacking previous planning approval. Let until recently, the property has been in our clients' hands since 1991 and has been occupied continuously. Both units are presented in fair order, ready for immediate occupation. This opportunity is considered an excellent addition to any investment portfolio, having a lucrative potential yield, or will be of interest to private buyers seeking dual-occupation. Full particulars are given as follows:

RECESSED PORCH

Part-glazed main front door to:

COMMON HALLWAY

Coved, textured Artex ceiling with feature arch. Sliding door, with stairs beyond, to First Floor Flat.

GROUND FLOOR FLAT

Hallway

Textured Artex ceiling.

Living Room - 3.51m x 3.18m (11'6" x 10'5")

Textured Artex ceiling. UPVC replacement double-glazed windows to rear elevation. Enclosed fireplace. Single panel radiator. Door to:

Inner Lobby

Electricity meter and circuit breakers. Multi-pane glazed door to:

Bedroom - 4.09m x 3.45m (13'5" x 11'4")

Splay bay window to front elevation having UPVC replacement double-glazing. Door from Common Hallway. Single panel radiator.

Kitchen/Breakfast Room - 3.33m x 3.07m (10'11" x 10'1")

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 with extractor canopy. Plumbing for washing machine. 'Ariston' gas fired central heating and hot water boiler. Single panel radiator. Two UPVC replacement double-glazed windows to side elevation. Part-glazed door to:

Rear Lobby

Textured Artex ceiling. UPVC and part-obscure double-glazed door to rear garden. Door to:

Bathroom & W.C. - 2.06m x 1.96m (6'9" x 6'5")

White suite comprising: corner bath, handbasin, and low flush w.c. Double panel radiator. Three UPVC replacement obscure double-glazed windows.

FIRST FLOOR FLAT

Small Landing

Bedroom Two - 3.56m x 2.57m (11'8" x 8'5")

Textured Artex ceiling. UPVC replacement double-glazed window to front elevation. Built-in wardrobe. Single panel radiator. Wood-laminate flooring.

Living Room - 4.5m x 3.15m (14'9" x 10'4")

Textured Artex ceiling. UPVC replacement double-glazed window to rear elevation. Wood-laminate flooring. Double panel radiator. Door to Inner Lobby. Door to:

Kitchen - 4.17m x 1.75m (13'8" x 5'9")

Fitted and equipped with: base and wall cupboards, work surfaces with tiled surround, single drainer stainless steel inset sink, electric oven, and 4-ring gas hob with extractor canopy, Single panel radiator. Built-in storage cupboard. Wood-laminate flooring. Textured Artex ceiling.

Inner Lobby

Textured Artex ceiling.

Bathroom & W.C. - 2.18m x 2.13m (7'2" x 7'0")

White suite comprising: panelled bath, pedestal handbasin, and low flush w.c., 'Ideal' gas fired central heating and hot water boiler. Plumbing for washing machine. Single panel radiator. UPVC replacement obscure double-glazed window to side elevation. Wood-laminate flooring. Textured Artex ceiling.

Bedroom One - 3.48m x 3.02m (11'5" x 9'11")

A dual-aspect room with UPVC replacement double-glazed windows to the side and rear. Built-in wardrobe. Single panel radiator.

OUTSIDE

FRONT:  Shallow, walled forecourt.
REAR: Depth: 20'0 (6.10m)  Width: 15'9 (4.80m) Walled patio garden laid to paving and having northerly aspect. Rear pedestrian gate to Manners Lane. 
NOTE: other properties with access to Manners Lane benefit from either garaging or car space, it being felt that scope may exist for the creation of off-street parking in the case of No. 83, this being subject to any and all necessary consents.

COUNCIL TAX

Ground Floor Flat: Band A - £1,453.95 per annum (2025-26).
First Floor Flat: Band A - £1,453.95 per annum (2025-26).

EPC

Ground Floor Flat  - Energy Rating 'D' (Floor Area 50 sq m approx).
First Floor Flat - Energy Rating 'C' (Floor Area 47 sq m approx).

AUCTION PROCESS

This Lot will NOT be offered in the Saleroom. Approaches, inspections & offers are invited from parties who are able and willing to purchase on Auction terms - immediate signature and exchange of contracts, payment of a 10% deposit plus Buyers Premium, and completion 28 days thereafter. Competing bidders will be given the opportunity to re-bid in the event of their offer being exceeded, terms finally being settled with the party lodging the highest offer (assuming acceptable to the Seller) and who meets the Auction rules of engagement.

ADDITIONAL AUCTION COSTS

A Buyer's Premium of £450 + V.A.T., will be payable by the purchaser to the Auctioneers. An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's Solicitors and available for inspection. Bidders are advised to make themselves aware of the content of the Legal Pack, containing, as it will, information in respect of any other charges that may apply (Search Fees and/or Seller's legal costs for example).

VIEWING

By appointment with AUCTIONEERS & SOLE AGENTS, 
D. M.  NESBIT & CO.
(18054/058408)

Brochures

Brochure 1Full Details
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Percy Road, Southsea PO4 0BH

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About Nesbits, Southsea

7 Clarendon Road, Southsea, PO5 2ED
Industry affiliations:

Established in 1921 as an independent practice of Estate Agents, Chartered Surveyors & Auctioneers, and at our address in the heart of Southsea Town Centre since 1965, Nesbit & Co are very much a recognised and trusted name in Estate Agency.

We have carved out a strong reputation among our competitors, based upon the highest standards of service, true professionalism, and a tenacious attitude to our clients’ interests – qualities which, when combined with deep local knowledge and a level of experience second to none (Robin Evans, our Head of Residential Sales, having been with the firm since 1973), allow us to stand out from the field.

Operating throughout Portsmouth and the immediate surrounds, Nesbit & Co handle the sale of all types of residential property. As well as conventional marketing, we are uniquely placed to offer clients the often desirable option of sale by Public Auction through the city’s only Property Auction Saleroom. Probate sales are a speciality. Our associated Antique & Fine Art Division can assist with the valuation and disposal of chattels, ranging from single items to entire house contents.

For all your property needs, choose a name you can rely on – Nesbit & Co.

Established in 1921 as an independent practice of Estate Agents, Chartered Surveyors & Auctioneers, and at our address in the heart of Southsea Town Centre since 1965, Nesbit & Co are very much a recognised and trusted name in Estate Agency.

We have carved out a strong reputation among our competitors, based upon the highest standards of service, true professionalism, and a tenacious attitude to our clients' interests - qualities which, when combined with deep local knowledge and a level of experience second to none (Robin Evans, our Head of Residential Sales, having been with the firm since 1973), allow us to stand out from the field.

Operating throughout Portsmouth and the immediate surrounds, Nesbit & Co handle the sale of all types of residential property. As well as conventional marketing, we are uniquely placed to offer clients the often desirable option of sale by Public Auction through the city's only Property Auction Saleroom. Probate sales are a speciality. Our associated Antique & Fine Art Division can assist with the valuation and disposal of chattels, ranging from single items to entire house contents.

For all your property needs, choose a name you can rely on - Nesbit & Co.

Your mortgage

Per year
Lenders usually expect a 10% deposit
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Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£1,141
We think you can borrow up to
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Disclaimer - Property reference S1634318. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nesbits, Southsea. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Nesbits, Southsea on 0238 214 8243.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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