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See how verdicts work3-bedroom terraced house · PO4 0PU
Sold STCListed 107 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no forward chain, this spacious end-of-terrace home is situated in the highly sought-after Craneswater Mews, just off Craneswater Avenue and within close proximity of Southsea seafront.
Requiring modernisation throughout, the property offers an excellent opportunity for a purchaser to renovate to their own tastes and standards, while adding value in a sought-after Southsea location.
The accommodation is arranged over two floors and comprises a porch, entrance hall, useful cloakroom/WC, kitchen and an impressive living/dining room offering generous space for both sitting and dining areas, with windows from multiple aspects allowing for good natural light.
The kitchen is positioned to the rear of the property and offers scope for redesign or improvement, subject to a buyer's requirements. There is also access from the kitchen through to the rear garden.
On the first floor, the landing provides access to three bedrooms, a family bathroom and a useful storage cupboard.
The principal bedroom is a generous bay-fronted double with fitted wardrobes, while bedroom two is also a particularly spacious room.
Bedroom three is another well-proportioned room, also benefiting from fitted storage.
Externally, the property enjoys a private rear garden with established planting, creating a pleasant and relatively low-maintenance outdoor space.
Double gates lead into the garden and provide vehicular access to the garage, allowing for parking within the enclosed garden area.
The garage can also be accessed directly from the garden, providing useful storage, workshop space or parking potential, depending on a purchaser's needs.
To the front, the property is approached via a gated enclosed area, with pedestrian gates leading through to a well-tended shared garden area positioned in front of the property.
Craneswater Mews is a desirable and rarely available location, positioned close to Southsea seafront, Canoe Lake, local shops, cafes and amenities, making this a fantastic opportunity for buyers seeking a well-sized home with clear scope for improvement in a prime setting.
ENTRANCE PORCH Textured ceiling, UPVC double-glazed window, tiled flooring and door into; HALL Textured and coved ceiling, stairs rising to landing, under stairs storage cupboard, radiator fitted carpet and door into; LIVING ROOM Textured and coved ceiling, UPVC double-glazed windows, metal double-glazed sliding doors to garden, radiators, gas heater with surround and fitted carpet.
KITCHEN Textured and coved ceiling, UPVC double-glazed windows and door to garden, a range of wall and base-mounted units with work surfaces over, dual-bowl sink and drainer, cooker with extractor fan over, washing machine, dishwasher, fridge freezer, tiled splashback, wash hand basin, radiator, and vinyl flooring.
WC Textured and coved ceiling, extractor fan, wash hand basin, tiled splashback, radiator, low level WC and fitted carpet.
LANDING Textured and coved ceiling, loft hatch, UPVC double-glazed window, radiator, storage cupboard, fitted carpet and doors into; BEDROOM ONE Textured and coved ceiling, UPVC double-glazed bay window, built-in wardrobes, radiator, and fitted carpet.
BEDROOM TWO Textured and coved ceiling, UPVC double-glazed windows, built-in wardrobes/cupboards, dressing table, radiator, wash hand basin, tiled splashback and fitted carpet.
BEDROOM THREE Textured and coved ceiling, UPVC double-glazed bay window, built-in wardrobes, radiator, and fitted carpet.
BATHROOM Textured ceiling, UPVC double-glazed window, bath with shower over, wash hand basin, low level WC, radiator, tiled walls and fitted carpet.
OUTSIDE The property enjoys a private rear garden with established planting, creating a pleasant and relatively low-maintenance outdoor space.
Double gates lead into the garden and provide vehicular access, allowing for parking within the enclosed garden area and access to the garage.
The garage can also be accessed directly from the garden, providing useful storage, workshop space or parking potential, depending on a purchaser's needs.
To the front, the property is approached via a gated enclosed area, with pedestrian gates leading through to a well-tended shared garden positioned in front of the property.
ESTATE CHARGE The communal gardens in front of the 8 properties in the development are maintained by one of the residents with an annual contribution of approximately £250.00 from each property.
COUNCIL TAX Portsmouth City Council TAX BAND E £2,800.98 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
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FAQ
About Craneswater Avenue, Southsea
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