We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom property · PO4 9LN
Sold STCReduced £5k (−3%) on 3 FebListed 535 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** NO FORWARD CHAIN ** GROUND FLOOR MAISONETTE ** THREE BEDROOMS ** WALKING DISTANCE TO SOUTHSEA SEAFRONT & EASTNEY MARINA ** IDEAL FIRST-TIME BUY OR INVESTMENT ** Kings Estates are delighted to present this spacious three-bedroom split-level maisonette, occupying the ground and first floors of a purpose-built block in the ever-popular Eastney Peninsula area of Southsea.
The property offers well-balanced accommodation throughout and comprises a welcoming entrance hall, a modern kitchen with space for a breakfast table and chairs, and a bright, generously sized living room.
Upstairs, you'll find three bedrooms, two of which benefit from built-in wardrobes, along with a modern family bathroom.
The home benefits from double glazing, electric heating, and a contemporary finish throughout.
Positioned in a desirable coastal setting, the property is just a short stroll from Eastney Marina, the beach, and scenic open spaces with local amenities nearby.
This property also makes a great rental investment - similar properties in this area rent for approximately £1,100 - £1,200pcm (bills excluded) Internal viewing is essential to fully appreciate the space and layout on offer.
Room Dimensions (Approx.): Kitchen / Breakfast Room: 16'03" x 8'06" (4.96m x 2.60m) Living Room: 15'01" x 11'05" (4.61m x 3.50m) Bedroom One: 11'04" x 8'06" (3.45m x 2.59m) Bedroom Two: 14'09" x 8'08" (4.51m x 2.65m) Bedroom Three: 11'03" x 6'02" (3.43m x 1.88m) Bathroom: 8'02" x 6'02" (2.51m x 1.89m) Additional Information: Parking available via the management company - £120 per annum Garages available to rent (subject to availability) - £100 per month Storage shed available - £10 per month Please note: pets are not permitted under the head lease
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 Lumsden Road, Southsea
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