2-bedroom flat · PO4 0RL
For saleReduced £5k (−3.7%) on 23 MayListed 167 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-proportioned two-bedroom lower ground floor flat, ideally situated along the ever-popular Alhambra Road.
Set within an elegant terrace of grand period buildings, the property enjoys a superb coastal position leading directly onto South Parade and Southsea Seafront.
The accommodation comprises a bright open-plan lounge/kitchen, enhanced by attractive sash bay windows that allow for plenty of natural light.
There are two generous double bedrooms, along with a fitted bathroom.
The property offers a straightforward and practical layout, making it an excellent opportunity for first-time buyers, investors, or those seeking a seaside retreat.
Further benefits include a long lease with over 100 years remaining, adding long-term security and appeal.
Positioned just moments from the seafront, local amenities, and transport links, this flat combines convenience with classic coastal living.
COMMUNAL ENTRANCE : Steps up to communal door and secure door entry system to communal hall, internal stairs down to lower hall and personal front door to: HALL : Smooth ceiling, electric fuse board and meter, coat hooks, entry phone system, fitted carpet.
LOUNGE / KITCHEN : Smooth and coved ceiling, double glazed sash bay windows, radiator, fitted carpet.
Kitchen area comprising wall and base mounted units with work surfaces over, inset stainless steel sink and drainer with mixer tap over, integrated electric oven and hob extractor over, space and plumbing for washing machine and fridge freezer, laminate flooring.
BEDROOM 1 : Smooth ceiling, double window, radiator, cupboard housing electric boiler and water tank, fitted carpet.
BEDROOM 2 : Smooth and coved ceiling, double glazed window, radiator, fitted carpet. BATHROOM : Smooth ceiling, panelled bath, WC, pedestal wash hand basin, part tiled walls, vinyl flooring.
LEASE INFORMATION : Lease Commenced: 01/02/2005 Lease Term: 125 years Lease Term Remaining: 104 years Ground Rent: £200 per annum Service/Maintenance Charge: £1,294 per annum COUNCIL TAX Portsmouth City Council TAX BAND B £1,782.44 for the year 2026/2027.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Alhambra Road, Southsea
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