WITH the UK’s average house price having increased by £6,000 in the past year, one property opportunity in Southampton offers a more cost-effective solution.

This block of two flats in Southampton is up for auction with a guide price of just £7,000, well under the average UK house price of £256,000.

This property on High Street, West End, is one of the cheapest properties on the market in Hampshire with some garages listed for more than double the amount of this property.

Whilst the end of terrace flats are listed with a guide price of £7,000, the minimum reserve price at auction is likely to be higher.

According to Which?, each property listed for auction has a guide price which is what the auction house or seller, thinks the property is worth.

But they state properties also have a reserve price, which is often kept confidential, which amounts to the the minimum price the seller will accept for the property at auction.
The property is located in the heart of the High Street of West End Village, with excellent amenities and recreational facilities nearby.

West End Village is a mix of both commercial and residential properties and is a well regarded area with close links to schools and transport including railways and Southampton airport.
The building is a converted residential property providing a mews style small development of two residential apartments.

The Freeholder enjoys rights to manage and collect the ground rents from two long leasehold interests.

The block of flats will go up for online auction on September 15 with estate agents Fox & Sons.

According to market estimates, two properties have recently sold in the area in 2021, one going for £150,000 whilst the other went for £235,000.

To find out more view the listing on Zoopla here.