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See how verdicts workStudio flat · PO5 3JN
Sold STCListed 320 daysAuction 28 Jan · ended
Opportunity summary
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About
Sold after auction for an undisclosed amount **For Sale By Auction on Wednesday 28 January 2026** *Guide Price £40,000 Vacant - Ground Floor Studio Flat Description Leasehold ground floor studio flat within a period conversion comprising; studio room with mezzanine and bathroom.
Situation The property is located in the heart of Central Southsea minutes from the seafront, Southsea Common and Palmerston Road Shopping Precinct.
Location Pin (What3Words): about.crisis.window Accommodation Hallway - 1.3m x 1.2m Studio Room - 4.3m x 3.6m Mezzanine- 2.1m x 1.9m Bathroom - 2.8m x 1.3m Total Floor Area - 34 sq.m.
(taken from EPC) NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO BUYERS PREMIUM OF £1,200 (INC VAT) AND OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE.
PLEASE ENSURE YOU READ THE SPECIAL CONDITIONS THOROUGHLY Tenure Leasehold - 125 year lease, from 1st November 2006 (approximately 105 years remaining) Ground rent - £75.00 per annum, doubling every 25 years.
Council Tax - Band A EPC Rating - E
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 Flat 1A, 40 Nightingale Road, Southsea, Portsmouth, PO5 3JN
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