2-bedroom flat · PO5 3EW
For saleReduced £15k (−6.7%) on 15 SepListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious, purpose-built second floor apartment with Freehold Share and versatile living space providing approximately 732 sq ft of living space comprising: Hallway, fitted kitchen, impressive 20' living room with door onto small balcony, inner hallway with useful storage cupboard and two double bedrooms.
Property summary A spacious, purpose-built second floor apartment with versatile living space providing approximately 732 sq ft of living space comprising: Hallway, fitted kitchen, impressive 20' living room with door onto small balcony, inner hallway with useful storage cupboard and two double bedrooms.
The apartment is offered with the added benefit of no forward chain, making it an attractive option for first-time buyers, investors, or those looking to downsize.
Stephen Lodge enjoys a convenient Southsea location with excellent motorway links nearby for commuters and for travelling out of the city.
The shops, cafés, bars, and amenities of Palmerston Road are within easy walking distance, while Southsea's historic Victorian seafront, Old Portsmouth, and the popular Gunwharf Quays waterfront development, offering an extensive range of retail, dining, and entertainment facilities, are all close at hand.
Viewing is highly recommended to fully appreciate both the generous accommodation and the excellent location on offer.
Entrance From Nightingale Road is a brick retaining wall with pedestrian access with hedges to either side leading to: Covered entrance Allocated storage cupboards, bin store, to the rear is access to allocated garaging, main communal front door with entry phone system leading to: Communal hallway Staircase rising to all floors.
Second floor Landing with door to: Flat 9 Main front door leading directly into: Living room 20' 6" x 15' 9" maximum decreasing to 12'4" (6.25m x 4.8m) Double glazed window and door to front aspect overlooking Nightingale Road, small walk on balcony with railings, three radiators, doors to primary rooms, entry phone system.
Kitchen 9' 3" x 7' 10" (2.82m x 2.39m) Comprehensive range of matching wall and floor units with roll top work surface, inset single drainer sink unit with mixer tap, plumbing for washing machine, wall mounted Worcester boiler supplying domestic hot water and central heating (not tested), double glazed window to rear aspect, inset four ring gas hob with oven under, extractor hood, fan and light over, tiled surrounds, vinyl flooring, built-in cupboard with shelving.
Inner hallway Narrow built-in cupboard.
Bathroom White suite comprising: Panelled bath with mixer tap and shower attachment, tiled surrounds, double glazed frosted window to rear aspect, close coupled w.c., pedestal wash hand basin with mixer tap, chrome heated towel rail.
Bedroom 2 11' 3" x 10' 3" (3.43m x 3.12m) Double glazed window to rear aspect, radiator under with cover over, vinyl flooring, ceiling coving.
Bedroom 1 13' 0" x 11' 3" (3.96m x 3.43m) Double glazed window to front aspect overlooking Nightingale Road with radiator under, wood laminate flooring, ceiling coving.
Service charge £669.78 half yearly charge January – June / July - December tenure Leasehold - 999 years - 935 year remaining – Share of Freehold parking Non-allocated spaces are available on a first come - first served basis.
Agents notes Council Tax Band B - Portsmouth City Council Broadband – adsl/fttc Fibre Checker () Flood Risk – Refer to - ( () aml Checks - By Law and in compliance with hmrc regulations, all agents are required to carry out Anti-Money Laundering (aml) checks on any buyer(s) who submit a successful offer.
A non-refundable administration fee of £60 inc. VAT to cover these costs is payable by the buyer(s) before the sales transaction can be progressed.
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.
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FAQ
About Flat 9, Stephen Lodge, 10-12, Kent Road, Southsea
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