1 bed flat to buy in SO17
Woodside Road, Southampton, Hampshire, SO17 2GR
Online auction
- AUCTION CASH ONLY DEAL
- CASH BUYERS ONLY - LOW LEASE
- VERY HIGH RENTAL YIELD
- SPACIOUS ONE BEDROOM FLAT
- ELECTRIC STORAGE HEATING
- FIBRE TO THE PREMISES BROADBAND
- COMMUNAL GARDENS
- PRIME PORTSWOOD LOCATION
- WALKING DISTANCE TO SOUTHAMPTON UNIVERSITY
- NO FORWARD CHAIN
1 bed flat to buy in SO17
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £60,000
Pattinson Auction are pleased to present this spacious one bedroom flat located on Woodside Road in the heart of Portswood. The property is positioned within a well established development dating from the 1950s to 1970s and benefits from excellent access to Southampton University, Portswood High Street, and major transport links. The property comprises a bright lounge with double glazed window to the front aspect and electric fireplace, creating a comfortable and practical living space. The layout offers open access into the kitchen area, providing a functional arrangement suitable for modern living. The kitchen is fitted with a range of wall and base units with work surfaces over, stainless steel sink with drainer, electric hob and oven with extractor hood above, and space for washing machine and fridge freezer. The kitchen benefits from a double glazed window allowing natural light into the room. The bedroom is a generous double room with double glazed window, electric radiator, and built in wardrobes offering excellent storage. The bathroom comprises a panel enclosed bath with shower attachment, wash hand basin, and low level WC. A double glazed window provides natural ventilation and light. Externally, the property benefits from communal gardens and on street parking. The flat further benefits from mains electricity, mains water, mains drainage, electric storage heating, and fibre to the premises broadband connectivity. Upon completion of sale. current lease term of 43 years remaining.
Accommodation
Lounge
Double glazed window to front aspect, electric fireplace, electric storage heater, open plan access to kitchen.
Kitchen
Double glazed window, fitted wall and base units, electric hob and oven, extractor hood, stainless steel sink with drainer, space for washing machine and fridge freezer.
Bedroom
Double glazed window, electric radiator.
Bathroom
Panel enclosed bath with shower, wash hand basin, low level WC, double glazed window.
Tenure and investment details
Tenure: Leasehold
Current Lease Remaining: 43 Years
Service Charge: £2,099 per annum
Ground Rent: £22 per annum
Council Tax Band: A
Local Authority: Southampton City Council
Estimated Rental Income: Approximately £950 per calendar month
Estimated Yield: Approximately 9.5 percent
This property is considered an investment opportunity and benefits from strong rental demand due to proximity to the University and Portswood amenities.
Local area information
Woodside Road is ideally positioned within Portswood, one of Southampton's most popular residential and rental locations. Portswood High Street is within walking distance and offers a wide range of amenities including Sainsbury's Supermarket, Iceland, independent retailers, cafés, restaurants, pharmacies, and leisure facilities. Southampton University Highfield Campus is approximately 0.8 miles away, making the property particularly attractive to students and academic professionals. Southampton Solent University is approximately 1.5 miles away. Southampton Central Railway Station is approximately 1.7 miles away, offering direct routes to London Waterloo, Winchester, Bournemouth, and further afield. Motorway access to the M3 and M27 is easily accessible providing convenient road connections across the South Coast and into London. Nearby Schools Include:
Highfield Church of England Primary School - Rated Good by Ofsted
Portswood Primary School - Rated Good by Ofsted
Cantell School - Rated Good by Ofsted
St Denys Primary School - Rated Good by Ofsted
Length of Lease: 43
Annual Ground Rent Amount: £22.00
Annual Service Charge Amount: £2,070.00
Summary
- Property Type: Flat
- Bedrooms: 1
- Receptions: 1
- Tenure: Leasehold
- Heating: Electric
- Parking: On Street
Floor Plan 1
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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