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Exeter Road, Southsea PO4 9PZ

PROPERTY TYPE

Terraced

BEDROOMS

7

BATHROOMS

3

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

Description

TO BE SOLD BY PUBLIC AUCTION
11 am TUESDAY 25th AUGUST (at The Queens Hotel)
GUIDE PRICE: £370,000-£390,000
Of particular interest to investors and builders: the well-situated and spacious character property arranged as a TWO BEDROOM GROUND FLOOR FLAT together with a FIVE BEDROOM UPPER MAISONETTE; now VACANT and offering considerable potential, including continued letting, with a projected rental return of around £36,000 per annum (equivalent to a gross yield of 9.5%). Exeter Road runs Highland Road to Festing Grove, a pleasant and sought-after residential address convenient to a wide range of public amenities, including Southsea Seafront, local shops and eateries, recreation facilities, and various schools. This attractive, inner-terrace, late-Victorian former family house has brick elevations under a modern tiled roof, the facade incorporating recessed porch and double splay bay window. It stands behind a shallow forecourt, whilst to the rear is a walled courtyard garden with easterly aspect.

HISTORY & PLANNING:  The property was acquired by the seller in 2004, being arranged then as two informal units (NO PLANNING CONSENT, but recorded as divided). Until recently, the Ground Floor Flat has been Let at £1,200 p.c.m., the upper Maisonette at £1,800 p.c.m., the latter appearing on Portsmouth City Council's 2017 database of HMOs. 
Full particulars are given as follows:

Main front door to:

PORCH

Quarry-tiled floor. Inner door to:

COMMON HALL

Single panel radiator. Stairs to Upper Maisonette. Door to:

GROUND FLOOR FLAT

Entrance Hall

Single panel radiator. Door under stairs giving access to Cellar.

Living Room - 5.13m x 3.48m (16'10" x 11'5")

Splay bay window to front elevation having UPVC replacement double-glazing. Coved ceiling with period rose. Double panel radiator.

Bedroom One - 4.34m x 2.77m (14'3" x 9'1")

Double panel radiator. Pair of UPVC replacement double-glazed French doors to rear garden.

Shower & W.C.

White low flush w.c.  and pedestal handbasin, shower recess. UPVC replacement obscure double-glazed window.

Kitchen - 2.44m x 1.85m (8'0" x 6'1")

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. Plumbing for washing machine. Recess for 'fridge/freezer. Single panel radiator. UPVC replacement double-glazed window to side elevation, similar door to garden.

Bedroom Two - 4.19m x 2.79m (13'9" x 9'2")

Rear splay bay window with UPVC replacement double-glazing. Single panel radiator. Cupboard housing 'Ideal' gas fired central heating and hot water boiler.

UPPER MAISONETTE

Rear Half Landing

Shower & W.C. - 2.06m x 1.85m (6'9" x 6'1")

White low flush w.c.  and pedestal handbasin, shower cubicle. Single panel radiator. Two UPVC replacement obscure double-glazed windows.

Bathroom & W.C. - 2.51m x 1.88m (8'3" x 6'2")

White suite comprising: panelled bath, pedestal handbasin, and low flush w.c. Single panel radiator. UPVC replacement obscure double-glazed window.

Bedroom One - 3.73m x 2.82m (12'3" x 9'3")

UPVC replacement double-glazed window to rear elevation; oriel window to side elevation, also having UPVC replacement double-glazing. Single panel radiator. Cupboard housing 'Ideal' gas fired central heating and hot water boiler.

MAIN FIRST FLOOR

LANDING

Single panel radiator.

Bedroom Two - 4.24m x 3.02m (13'11" x 9'11")

UPVC replacement double-glazed window to rear elevation. Single panel radiator.

Bedroom Three - 5.16m x 2.34m (16'11" x 7'8")

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

Bedroom Four - 3.2m x 2.11m (10'6" x 6'11")

UPVC replacement double-glazed window to front elevation. Single panel radiator.

Upper Half Landing

Bedroom Five - 3.96m x 2.77m (13'0" x 9'1")

Two UPVC replacement double-glazed windows to side elevation. Single panel radiator.

Loft Living Room/Kitchen - 4.62m x 4.5m (15'2" x 14'9")

Double-glazed roof window to rear slope. Access to eaves storage. Double panel radiator. Incorporating Kitchen Area 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.

OUTSIDE

FRONT: Shallow forecourt.
REAR: 15'6 x 10'10 (4.72m x 3.30m) plus 30'0 (9.14m) recess. 'L'-shaped courtyard garden with walled surround and easterly aspect.

COUNCIL TAX

Ground Floor Flat:  Band 'A' - £1,527.80 p.a. (2026-27).
Upper Maisonette: Band 'A' - £1,527.80 p.a. (2026-27).

EPC

Ground Floor Flat: Energy Rating 'D' (Floor Area 52 sq m approx).
Maisonette:  Energy Rating 'D' (Floor Area 89 sq m approx).

VIEWING

By appointment with SOLE AGENTS & AUCTIONEERS,
D. M. NESBIT & CO.
(18120/064420)

ADDITIONAL AUCTION COSTS

A Buyer's Premium of £600 + 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).

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.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
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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Exeter Road, Southsea PO4 9PZ

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Affordability

Monthly repayments£1,956
Property: £ 390,000
Deposit: £ 39,000
Interest rate: 5.33%
Term: 30 years
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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.

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Disclaimer - Property reference S1809781. 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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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