1-bedroom flat · PO5 1LX
To rentListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
New Era Agency introduce this impressively large one bedroom apartment WITH ALLOCATED PARKING Set in Elm Grove. This property boast separate bedroom, lounge, kitchen, bathroom and entrance hallway.
This is a block of five flats which this is one of and is accessed from a beautiful hall and landings with the original period style stairwell.
The parking is allocated to the rear and is large enough for a decent size family car. This must be viewed to appreciate what is on offer here.
Features Double Bedrooms Property additional info ENTRANCE HALL: Entrance Hall radiator with thermostatic control, smoke alarm, entry phone handset, patterned artex finish to coved ceiling, fitted storage cupboard housing electrics and gas control LIVING ROOM: with power points, TV aerial point, radiator with thermostatic control, patterned finish to coved ceiling, fitted cupboard housing "Glowworm Compact" combination boiler supplying central heating and hot water, UPVC double glazed windows with opening top sashes, door to: KITCHEN: with double, corner and single base units with work surface over, inset single drainer stainless steel sink unit, space and plumbing for automatic washing machine, additional single unit with extended work surface over, decorative tiled splash backs, double, single and top wall units, patterned artex finish to coved ceiling, extractor, UPVC double glazed windows with opening top sashes, power points, radiator with thermostatic control, gas cooker BEDROOM: with power points, radiator with thermostatic control, patterned artex finish to coved ceiling, UPVC double glazed windows with opening top sashes OUTSIDE: Communal parking area with one allocated parking space for flat five.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Elm Grove, Southsea, Portsmouth, PO5
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