Initial price	£25,000
17/06/25	£23,000
Price Change	-8.00%

A vacant 1-bedroom second-floor retirement flat is up for auction on June 17, 2025, with a guide price of £23,000. The leasehold property, restricted to over 60-year-olds, features an entrance hall, reception room, kitchen, bedroom, and bathroom with a lift in the building. Although the auctioneers have not inspected the property internally, it is situated in the popular area of Bitterne, close to local amenities, shops, and transport links. The flat has a total floor area of 43.37 square meters and a 125-year lease from 1986, with approximately 85 years remaining. The property also comes with a ground rent that increases to £150 and a council tax band of A. It's essential to read the special conditions thoroughly, including the buyer's premium of £1,500 (inc VAT) and other charges in addition to the purchase price.