2-bedroom flat · PO1 3GF
For saleListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to bring to the market this spacious two bedroom property.
Upon entering, you are welcomed into a generous entrance hallway featuring two large storage cupboards, providing ample space for coats, shoes, and everyday essentials.
Off the hallway is a bright and spacious living/dining area, ideal for both relaxing and entertaining.
The living room benefits from direct access to a private garden, perfectly sized for outdoor dining, gardening, or hosting guests.
The modern kitchen is thoughtfully designed, offering plenty of storage and worktop space, along with integrated appliances including an oven, hob, and extractor fan.
The master bedroom is a comfortable and a good space, complete with a built in wardrobe and an additional large storage cupboard that could easily be used as a small walk in wardrobe.
The room is filled with natural light, enhancing the sense of space. There is also the added benefit of an en‐suite shower room with a walk‐in shower.
The second bedroom is also a generous size and would be ideal as a second bedroom, guest room, or home office. The property is completed by a family bathroom featuring a shower over the bath.
Additional benefits include a private garden, well maintained communal gardens, and an allocated parking space. Do not miss this fantastic opportunity to make this wonderful property your next home.
Local Area Information Mermaid House is ideally situated within the highly regarded Admiralty Quarter, a modern waterfront development located close to Portsmouth's historic dockyard and city centre.
This vibrant area offers a fantastic mix of nautical heritage, contemporary living, and excellent amenities.
Residents benefit from a range of local facilities within easy reach, while the nearby Gunwharf Quays provides an extensive selection of designer outlet shops, restaurants, bars, and leisure attractions, all set around the marina with stunning views of the Solent.
Portsmouth Harbour, the Historic Dockyard, and Spinnaker Tower are also close by, offering an array of cultural and entertainment options.
The property is well connected for commuters, with Portsmouth Harbour and Portsmouth & Southsea train stations nearby, providing direct rail links to London and other major cities.
Road connections are also excellent, with easy access to the A27, A3(M), and M27.
For outdoor enjoyment, residents can take advantage of pleasant waterfront walks, landscaped communal areas, and nearby green spaces, combining city living with coastal charm.
Overall, this desirable location offers the perfect balance of convenience, lifestyle, and connectivity, making it an ideal choice for professionals, first‐time buyers, and investors alike.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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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.
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FAQ
About Mermaid House, Cross Street, Portsmouth
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