Initial price	£115,000
19/08/25	£99,500
28/10/25	£75,000
Price Change	-34.78%

This ground floor studio flat is being sold by online auction and is to be sold with the tenant in situ, making it suitable for investors only. The property has a private courtyard area and a car parking space, and is located in Southsea, Portsmouth. The flat has a total floor area of 269 square feet and is rated within council tax band A. The property is a long leasehold for a term of 125 years, with a current ground rent of £50 per annum increasing to £75 in 2026. The rent payable on the tenancy agreement is £850 per calendar month, providing a gross yield of 10.2%. The property is to be sold with the tenant in situ, and viewings can be arranged by contacting John Pye Property.