2-bedroom flat · PO1 3GF
Under offerListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**VIEW OUR 360 DEGREE VIRTUAL TOUR ** CASH BUYERS ONLY ** We are delighted to offer this LOVELY two bedroom apartment situated on the fourth floor of Mermaid House forming part of the highly REQUESTED Admiralty Quarter development adjoining Portsmouth Historic Dockyard.
Offered with NO FORWARD CHAIN, the property is conveniently located within a short walk of Portsmouth Harbour Train Station with main line service to London (Waterloo) and the FABULOUS Gunwharf Quays Marina complex with its designer outlets, restaurants and multi screen cinema can be found.
With stairs and LIFT ACCESS, the internal accommodation comprises; entrance hall, large open plan living room and fitted kitchen complete with a range of INTEGRATED appliances, two double bedrooms including a master bedroom with en-suite shower room plus a separate main bathroom.
The property further benefits from electric heating and double glazing throughout together with secure ALLOCATED CAR parking bay at ground level with direct lift access.
Discerning purchasers are strongly recommended to put forward the earliest of enquiries to avoid disappointment.
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 Cross Street, Portsmouth
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