2-bedroom flat · PO2 7QL
For saleListed 353 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Priced to sell - with vacant possession tenure – Leasehold lease length – 63 Years Remaining ground rent – Zero service charge – Zero council tax band – A EPC rating – C (potential - C) We're pleased to be marketing this attractive, two-bedroom ground floor flat, located in the popular area of Portsmouth, which benefits from easy access to the local supermarkets, the Portsmouth ferry, hospital and schools.
The property briefly comprises of the hallway which leads into the large living room, separate kitchen, family bathroom, and two double bedrooms.
There is also parking for 1 car in a private, gated space behind the property, and there is also a small patio area to the back of the flat.
There is also parking for 1 car in a private, gated, space behind the property.
Potential rental income - £1,100pcm Potential yield - 10.6% Lease Start Date 12/12/1985 Lease End Date 13/12/2088 Lease Term 99 years from 13 December 1989 Lease Term Remaining 63 years nb.
In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by Director’s of Move Places Ltd. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Mp has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Mp has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. A Buyer’s Reservation Fee forms part of any agreed purchase price.
Please contact branch for more information. Location New Road, Portsmouth - PO2 7QL
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 5 New Road, Portsmouth
Explore nearby