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See how verdicts work2-bedroom flat · PO5 3AY
No longer listedListed 349 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire the freehold of this attractive mixed-use property located on the highly sought-after Castle Road in the heart of Southsea.
The property comprises a ground floor retail unit together with two self-contained residential flats arranged over the first and second floors.
Flats benefit from separate access via a side passage and stairway to personal front doors.
All elements of the property are currently let, producing a combined gross annual income of £38,720, making this a strong, income-generating investment with minimal management required.
We understand that the property is not elected for VAT. Accommodation Comprises: Ground Floor: A well-presented retail shop with established tenant in occupation, includes basement.
First Floor: One-bedroom self-contained flat, currently let on an Assured Shorthold Tenancy (AST). Second Floor: One-bedroom self-contained flat, also let on an Assured Shorthold Tenancy (AST).
Key Features: Freehold investment property Mixed commercial and residential use Fully let with reliable tenants Gross annual income of £38,720 Popular central Southsea location close to shops, cafés, and the seafront Situated in the vibrant and historic Castle Road area, the property enjoys strong local demand and convenient access to Southsea Common, Palmerston Road, and transport links to Portsmouth city centre and beyond.
An ideal turnkey investment opportunity offering both immediate rental income and long-term capital growth potential.
COUNCIL TAX - BOTH FLATS Portsmouth City Council TAX BAND A £1,527.80 for the year 2026/2027.
Value & comps
No previous sales on record.
Returns
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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.
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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 Castle Road, Southsea
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