2 bedroom flat in Bognor Regis to be auctioned at a guide price of just £95,000

The 58sqm ground floor flat is located within walking distance of Bersted retail park and a mile away from the Bognor Regis railway station, which runs regular services to London Victoria.

It comprises a 3.9 x 3.2m living room, two bedrooms, a bathroom, a kitchen and access to gardens at the front a rear of the property. The buyer will take charge of a 125 year leasehold with a reserved rent of £120 per annum, set to increase by £40 every 25 years.

The flat, situated in a peaceful cul de sac on the outskirts of town, is being sold by Auction House Sussex and Hampshire, one of the largest property auctioneers in the south.

A spokesperson said: “We hold in excess of seven live stream auctions & multiple online auctions throughout the year, incorporating all types of residential & commercial property, development sites, land & garages. As auctioneers, we cover the whole of Sussex and from 2023 also Hampshire.

“We particularly sell a significant number of lots in the Brighton & Hove where our offices are based and where we have been established for over 40 years.

“We are delighted to have expanded our area county of Hampshire for 2023 , encompassing Basingstoke & Dean to the north, Petersfield to the east, Gosport to the south and over to The New Forest & beyond in the west - consistently delivering a high rate of sales as a result of our intense marketing, excellent sales team and extensive market knowledge. “

The property will be auctioned on January 31 and the buyer will be required to pay an 0.3 per cent of the buying price in administration fees, subject to a minimum of £1,200.

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