1 bed flat for sale

Woodside Road, Southampton SO17

Summary

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, cafs, 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

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 43
Annual Ground Rent Amount: 22.00
Annual Service Charge Amount: 2,070.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.