Devonshire Avenue, Southsea, Hampshire
South East
£90,000Guide Price
Listed on 23/10/2026
Listed on 23/10/2026
The listing
Property details
Bedrooms
1Type
TerracedArea
615 sqftDescription
Offered at online auction, this vacant first-floor one-bedroom flat forms part of a freehold building converted into two flats. The sale includes the freehold and landlord’s interest in the ground-floor flat, which is subject to an existing long lease expiring in 2187 at a peppercorn ground rent. The first-floor flat is described as requiring modernisation and could be refurbished for owner occupation or as a rental property.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
74out of 100
Grade BGood opportunity
Confidence: MEDIUM
At a £90,000 guide, this is a notably low-cost way into Southsea: about £146/sq ft against a local average of £305. The vacant first-floor flat has dated but apparently usable interiors, with scope to refresh the decoration and flooring and update the old-fashioned kitchen. Its bay windows and established coastal location add character and appeal once the work is done. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
The freehold includes the landlord’s interest in the ground-floor flat, which remains subject to a long lease, so the legal pack and lease terms deserve careful review. The visible ceiling marks or uneven finish should also be checked. The renovation range is £26,000–£44,000; the score is supported by the low guide price and strong economics, rather than by the condition alone.
Key opportunities
- Acquire at a guide price well below the local £/sq ft average, with scope to improve value through modernisation.
- Refresh the dated finishes and kitchen to reposition the vacant flat as an attractive home or rental.
- The decorative bay windows and established Southsea setting offer character and location appeal.
Key risks
- Check the bedroom ceiling marks or uneven finish to establish whether any repair is needed.
- Review the legal pack and ground-floor flat lease carefully, including the freeholder’s obligations and any service-charge arrangements.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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