Southsea house that produces 'very worth while income' to be auctioned off this month for £995,000

With a guide price of £995,000 plus, a property in Helena Road, Southsea, consisting of 11 flats, is a wonderful investment opportunity.

The significantly-sized home, which spans across four floors, is currently being let at £102,240 per annum.

Joe Rocks, auction appraiser, said: “The property is currently fully let and producing a very worthwhile rental income and is considered ideal for addition to an income-producing letting portfolio.”

The lot is one of 191 listings across the south of England in the September auction by Clive Emson Auctioneers – making it the largest auction by lot numbers in 13 years for the firm.

The online auction will end on September 18, with bidding live from 48 hours beforehand.

For more information about the auction, click here.