Description
Flat 9, 22 Westfield Avenue, Hayling Island, is a prime Hayling Island flat investment opportunity. With a secure tenant in place at £700/month and a future rental value of up to £1,100/month, this leasehold property offers immediate income, strong yield potential, and a sought-after coastal location. Entering the Palace Auctions on 28th October 2026 property auction; it is ideal for investors seeking reliable returns and long-term growth.Property Overview – Hayling Island Flat Investment
Flat 9, 22 Westfield Avenue, Hayling Island, PO11 9AG, presents a compelling Hayling Island flat investment for both seasoned investors and first-time buyers. This well-located flat is part of a modern, purpose-built development in the heart of South Hayling, just moments from the seafront and local amenities. The property is currently tenanted, generating a steady income of £700 per month, with scope for future rental uplift to £1,100 per month. Offered as a leasehold with approximately 101 years remaining, this flat combines immediate income with long-term security. The property will be sold at the Palace Auctions property auction on 28th October 2026, providing a transparent and efficient route to ownership. Investors benefit from a proven rental track record, a desirable coastal setting, and the flexibility to retain the current tenant or review the tenancy in line with market conditions. The flat’s location on Westfield Avenue ensures a peaceful residential environment, while its proximity to Mengham’s shops and services enhances its appeal to tenants and owner-occupiers alike. This Hayling Island flat investment stands out for its blend of income, growth potential, and lifestyle advantages.Leasehold Tenure and Legal Details
This Hayling Island flat investment is offered on a leasehold basis, with a 125-year lease commencing from 25 March 2002. As of 2026, there are approximately 101 years remaining, providing long-term security and mortgageability. The ground rent is set at a modest £125 per year, ensuring manageable ongoing costs for investors. The comprehensive legal pack for this property includes the lease, title register, Leasehold Information Form (TA7), Property Information Form (TA6), Energy Performance Certificate (EPC), and management information pack. prospective buyers are strongly encouraged to review the legal pack in full before bidding. The legal pack will be available for download ahead of the auction, allowing for thorough due diligence. For authoritative guidance on leasehold property rights and obligations, visit the GOV.UK leasehold property page. Palace Auctions conducts all sales in accordance with RICS professional standards, ensuring transparency and compliance throughout the process. The flat is sold with the tenant in situ, offering immediate income and a seamless transition for the new owner.Understanding Leasehold at Auction
Purchasing a leasehold flat at auction means acquiring the right to occupy the property for the remaining term of the lease. In this case, the lease has approximately 101 years left, which is considered a strong term for both owner-occupiers and investors. Buyers should carefully review the full lease document, which outlines rights, responsibilities, and any restrictions. The Leasehold Information Form (TA7) and management information pack provide further details on service charges, ground rent, and building management. The legal pack, available to download from Palace Auctions, contains all essential documents for due diligence. For a step-by-step overview of the auction process and what to expect when buying a leasehold flat, consult the Palace Auctions Property Auction Buying Guide. Engaging a solicitor experienced in leasehold transactions is strongly recommended to ensure a smooth purchase and full understanding of your obligations.Hayling Island Flat Investment – Why Buy Tenanted?
Investing in a tenanted Hayling Island flat investment offers several distinct advantages. With a reliable tenant already in place, buyers benefit from immediate rental income of £700 per month from the day of completion. This eliminates the risk of void periods and provides a seamless transition of ownership. The established tenancy demonstrates proven rental demand in the area, giving investors confidence in the property’s ongoing appeal. Furthermore, the current rent is below the local market average, presenting a clear opportunity for future rental uplift to as much as £1,100 per month. This potential for increased income enhances the long-term yield and capital value of the investment. Tenanted properties are particularly attractive to investors seeking hassle-free management and predictable cash flow. The flat’s location in a popular residential area, combined with its proximity to the seafront and local amenities, ensures sustained demand from a diverse tenant base. Whether you are expanding your portfolio or entering the buy-to-let market for the first time, this Hayling Island flat investment delivers immediate returns and future growth potential.Rental Yield and Market Performance
The Hayling Island flat investment market is characterised by strong rental yields and robust demand. Flats in the PO11 9 area typically sell for between £220,000 and £250,000, with the average sold price for all property types at £360,192. At the current rent of £700 per month, this flat achieves a gross yield of approximately 3.8%. However, with a future rental value of up to £1,100 per month, the gross yield could rise to 6.0%, aligning with the best-performing buy-to-let investments in the region. Average rents for two-bedroom flats in Hayling Island range from £950 to £1,100 per month, reflecting the area’s popularity with tenants. House prices in the PO11 postcode have shown steady year-on-year growth, supported by limited new supply and strong demand from both local and relocating buyers. The tenanted investment market is particularly buoyant, with properties offering immediate income and reduced void risk attracting premium interest. Investors benefit from low vacancy rates, quick letting times, and the potential for long-term capital appreciation. This Hayling Island flat investment stands out for its combination of secure income, yield potential, and market resilience.Location – Hayling Island, PO11 9AG
Hayling Island is a highly sought-after coastal destination in southern Hampshire, renowned for its natural beauty, vibrant community, and excellent transport links. The island is situated between Langstone Harbour to the west and Chichester Harbour to the east, offering a unique maritime setting and scenic coastal views. South Hayling, where Westfield Avenue is located, serves as the island’s main hub, providing a wide range of shops, cafes, and essential services. Westfield Avenue itself is a quiet residential street, just a short walk from the seafront and the amenities of Mengham. The area is known for its peaceful atmosphere, leafy surroundings, and easy access to both the beach and the heart of the community. Residents enjoy a relaxed pace of life, with sandy beaches, scenic walking and cycling routes, and a wealth of local amenities all within easy reach. This prime location enhances the appeal of the Hayling Island flat investment, ensuring strong demand from tenants and owner-occupiers alike.Transport Links and Connectivity
Hayling Island offers excellent transport connectivity, making it an attractive option for commuters, second-home buyers, and investors. The A3023 road bridge provides direct access to the A27 and M27 motorways, linking the island to Portsmouth (7 miles, approximately 18 minutes by car) and Chichester (12 miles, around 30 minutes). London is easily accessible, with a journey time of approximately 1 hour and 30 minutes by road (72 miles). The nearest railway station is Havant, a short drive from the island, offering regular direct services to London Waterloo (journey time around 1 hour 17 minutes), London Victoria, Portsmouth, Southampton, and Brighton. Stagecoach bus routes 30 and 31 serve the island, providing convenient connections to local towns and amenities. Southampton International Airport is just 23 miles away, offering domestic and international flights. This comprehensive transport network ensures that residents and tenants can enjoy the best of coastal living without sacrificing accessibility. The strong connectivity not only enhances the property’s rental appeal but also supports long-term capital growth, as demand for well-connected coastal homes continues to rise.Lifestyle and Local Amenities on Hayling Island
Hayling Island is celebrated for its exceptional lifestyle and diverse range of local amenities. The island boasts five miles of award-winning Blue Flag beaches, offering safe swimming, beach sports, and family activities. The internationally recognised Hayling Island Sailing Club hosts major sailing events and is a focal point for the local community. Hayling Island is also the birthplace of windsurfing, attracting water sports enthusiasts from across the region. Golfers can enjoy the renowned Hayling Golf Club, a classic links course with stunning sea views. The Hayling Billy Trail, a converted railway line, provides a scenic route for walking and cycling along the west coast of the island. The Shipwrights Way and other coastal paths offer further opportunities for outdoor recreation. Families benefit from a range of parks and playgrounds, including Hayling Park, Mengham Park, and the Beachlands funfair. The island’s vibrant leisure offering, combined with its tranquil setting, makes it a highly desirable place to live and invest. This rich lifestyle appeal underpins the enduring demand for Hayling Island flat investments.Schools and Family Appeal
Hayling Island is well-served by a selection of reputable schools, making it an attractive location for families and long-term tenants. Mengham Infant School is rated ‘Good’ by Ofsted, providing a strong foundation for younger children. Mill Rythe Infant and Junior Schools also hold ‘Good’ ratings, with a track record of high educational standards. The Hayling College, the island’s secondary school, is rated ‘Good’ as of July 2023, ensuring continuity of quality education for older students. The presence of high-quality schools enhances the area’s appeal to families and supports sustained rental demand. Hayling Island is known for its safe, friendly community, with a lower-than-average crime rate and a welcoming atmosphere. The diverse tenant base includes retirees, families, and professionals, contributing to a stable and settled community. The combination of excellent schools, family-friendly amenities, and a supportive environment makes this Hayling Island flat investment particularly attractive to investors targeting the family rental market.Shops, Supermarkets and Services
South Hayling and Mengham are the main retail centres on the island, offering a comprehensive range of shops, supermarkets, and essential services. Residents have access to Tesco Express, Sainsbury’s Local, Lidl, and Nisa Local for everyday grocery needs. The area also features independent shops, pharmacies, post offices, hair salons, veterinary clinics, and a gym/fitness centre. Dining options abound, with popular venues including the Coastguard Cafe, Whistler’s Fine Fish & Chips, MadHatters Tea Room, Isla Bay Seafront Kitchen, The Barley Mow, and The Lifeboat Inn. The availability of diverse shopping and dining choices enhances the quality of life for residents and tenants, supporting the ongoing appeal of the Hayling Island flat investment. The convenience of local services, combined with the island’s relaxed coastal atmosphere, ensures that tenants enjoy both comfort and practicality. This strong amenity offering is a key factor in the property’s sustained rental demand and investment value.Auction Venue Details:
- Date and venue: Wednesday 28 October 2026, Claridge's, Brook Street, Mayfair, London W1K 4HR. Bidding in the room, online, by telephone or by proxy.
- Deposit: 10% of the purchase price, payable on exchange at the fall of the hammer. Contracts are unconditional.
- Buyer's premium: 1%, minimum £2,000 + VAT
- Contract documents charge: £850 + VAT
- Completion: as set out in the Special Conditions of Sale. The legal pack will be available on request.
