2-bedroom flat · PO1 3GF
For saleListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a convenient and well-connected part of Portsmouth, this well-presented two-bedroom apartment in Mermaid House, Cross Street offers spacious and modern living, ideal for first-time buyers, downsizers or investors alike.
With the rare benefit of a private garden, the property combines apartment living with valuable outdoor space.
This lovely apartment has the potential to be bought at full market value of £240,000 or at 25% shared ownership at £60,000.
The costs for shared ownership are as follows from 1st of April 2026: £626.79 per month in rent for 25% shared ownership £379.26 Communal Service Charges £8.33 Personal Service Charges (Ground Rent) Total costs: £1,014.38 per month The apartment is bright and generously proportioned throughout, with a large living area that provides plenty of space for both relaxing and entertaining.
The layout is practical and well thought out, with ample storage available across the property.
The principal bedroom is a standout feature, benefitting from its own en-suite shower room and a walk-in wardrobe, creating a comfortable and private retreat.
The second bedroom is also well-sized, making it ideal for guests, a home office or additional living space.
Further benefits include allocated gated parking and lift access, adding to the ease and convenience of everyday living.
The location offers excellent access to a wide range of local amenities, including nearby shops, supermarkets and everyday conveniences.
The bustling areas of Commercial Road and Albert Road are within easy reach, offering a variety of restaurants, cafes, bars and retail outlets, along with leisure and entertainment facilities.
For those needing to commute, transport links are excellent.
Nearby train stations such as Portsmouth & Southsea railway station and Fratton railway station provide direct routes to London, Brighton and other major destinations.
The A3(M), A27 and M27 are also easily accessible, ensuring straightforward travel across the South Coast and beyond, while regular bus services operate locally.
Overall, this is a fantastic opportunity to acquire a spacious and well-located apartment with the added benefit of private outdoor space, making it a rare and appealing find in Portsmouth.
Second Floor Hallway Bedroom 1 3.73 x 2.59 ( 12'3 x 8'6 ) En-Suite Bedroom 2 (0m x 2.1m) Bathroom 1.87 x 1.90 ( 6'3 x 6'4) ) Lounge/Kitchen/Diner (5.8m x 4m) Disclaimer These particulars are believed to be correct and have been verified by or on behalf of the Vendor.
However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them.
Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale.
Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
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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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.
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FAQ
About 11 Mermaid House,, Cross Street, Hampshire
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