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 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 requires modernisation and has previously been used as a long-term rental property, providing scope for refurbishment and repositioning as a home or investment.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
73out of 100
Grade BGood opportunity
Confidence: MEDIUM
At a £90,000 guide price, this is a notably cheap acquisition at £146/sqf, around 52% below the local average. The vacant one-bedroom flat has a clear medium-scale improvement canvas: dated finishes across the observed rooms, a generous living area with a bay window, and traditional decorative frontage give it character to build on. The kitchen is visibly tired, while the bedroom ceiling finish also needs attention.
The freehold includes the landlord’s interest in the ground-floor flat, which is subject to a long lease, so buyers should review the legal pack and lease details carefully. Bidding can take the hammer above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Modernise the dated finishes across the observed rooms and make the vacant flat feel cohesive and contemporary.
- Rework the visibly tired kitchen as part of the improvement programme.
- Bring out the generous bay-windowed living space and traditional frontage as distinctive features.
Key risks
- A damaged or peeling ceiling finish is visible in the bedroom and will need investigation and repair.
- Check the legal pack and lease arrangements carefully: the freehold is subject to the ground-floor flat’s long lease, and vacant possession applies only to the first-floor flat.
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Transport
Nearest stations
Fratton Rail Station
0.5 miles
Train · Fratton
Portsmouth & Southsea Rail Station
1.2 miles
Train · Portsmouth
Southsea Hoverport
1.5 miles
Train · Southsea
Portsmouth Harbour Rail Station
1.8 miles
Train · Portsmouth
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
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years
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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