Properties in Portsmouth and Waterlooville to go on sale in online auction later this month

HOUSES and flats in Portsmouth and Waterlooville are set to go under the auctioneer’s virtual hammer in the run-up to Christmas.

They are among 131 lots being sold online by Clive Emson, the regional land and property auctioneers.

Currently let at £9,526.92 per annum, a three-bedroom house at 61 Lowestoft Road, Wymering, Portsmouth, is guided freehold at £125,000plus.

A three-bedroom, semidetached house, with ‘ structural movement for repair and renovation or site redevelopment’, is at 21 London Road, Cowplain, Waterlooville, and is guided freehold at £150,000plus.

An end-terrace house at 38 Robin Gardens, Waterlooville, with three bedrooms, has a freehold guide price of £120130,000 and is said to require ‘some upgrading and refurbishment’.

A two-bedroom detached bungalow in Waterlooville is chalked for improvement or redevelopment; the property at 21 Park Avenue is guided at £100,000-plus, with front and rear gardens.

Senior auction appraiser Mike Marchant said: ‘The property needs a considerable programme of refurbishment works or perhaps perspective purchasers may wish to consider redevelopment, subject to planning consents.’

There is also a freehold investment in Waterlooville – flats 1-4, 4B Highfield Parade, with land east of Highfield Avenue, are guided at £260280,000.

Rob Marchant, Clive Emson’s Hampshire auctioneer, said: ‘This is an unusual freehold investment opportunity to acquire the freehold land, including the yard and service area around the Highfield Parade, and also the central ‘wedge’, which includes four residential flats, two of which have been sold off on long leases but two let on Assured Shorthold

Tenancy agreements.

‘Flats 1 and 2 are presently let under the terms of Assured Shorthold Tenancy agreements. The tenancy agreement for Flat 1 has not been renewed since 2017 and so accordingly might be considered under-let in today’s marketplace.

‘The yard/service area to the rear of the shops and flats may have scope to be more commercially productive through the sale or rent of parking spaces or perhaps from the addition of additional garaging, subject to all necessary consents being obtainable.

‘Alternatively, if some or all of the existing garages – which are not included in this sale – could be acquired, there may be scope for additional development in conjunction with part of the freehold title, again subject to all necessary consents being obtainable.’

Timers end on Wednesday, December 16, for Clive Emson’s December online auction.