2-bedroom flat · PO4 9RA
Sold STCListed 679 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A prime seafront location for this purpose-built two bedroom duplex apartment with allocated car space, secure entry, replacement double-glazing, gas central heating with a modern boiler, and pleasant outlook.
'Gannet House' is a four/five-storey 1960s' development occupying a prominent corner position at the junction of Eastern Parade with Bruce Road, directly opposite Southsea Tennis Club.
Widely regarded as the area's premier residential address, this favoured position is just a few minutes' walk from The Seafront and some one mile only to the east of Southsea Town Centre (Palmerston Road Shopping Precinct) with its wide range of public amenities.
The modern kitchen has ample storage and prepartion space and a window with views across the rooftops.
The lovely open plan living/dining room has ample room for lounge furniture and a dining table and has quality oak flooring, a large picutre window and French door leading out onto a balcony with an impressive view point to observe the comings and goings of the locality and the weather coming in across the water.
The main bedroom has good wardrobe storage and the second bedroom has a balcony. The main bathroom is located at the front of the apartment.
The communal areas are well maintained there is an outside storage shed for personal use.
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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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 Eastern Parade, Portsmouth, Hampshire, PO4
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