2-bedroom flat · PO4 9YA
For saleListed 219 days
Opportunity summary
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About
Situated within the historic former Royal Marines barracks, this beautifully presented lower ground floor apartment forms part of the highly sought-after and Grade II listed Teapot Row development on Clocktower Drive.
The building forms an integral part of the historic parade ground complex which once served the Royal Marines, offering a rare opportunity to enjoy modern living within a setting rich in naval and military heritage.
One of only a small number of apartments within Teapot Row to benefit from its own private south-facing courtyard garden, the property enjoys a wonderfully bright and secluded outdoor space.
The courtyard is enclosed by attractive wrought iron railings and a gate, providing direct access onto the well-maintained communal grounds beyond.
Internally, the accommodation is well planned and thoughtfully arranged. The spacious lounge overlooks the private courtyard garden, creating a light and relaxing living space.
Double doors lead through to an integrated kitchen and dining room, fitted with modern appliances and offering an ideal area for both everyday living and entertaining.
The principal bedroom features built-in wardrobes, while the second bedroom has been cleverly designed with a built-in pull-down bed, together with a fitted desk and shelving, making it equally suited as a comfortable guest room or a practical home office.
A contemporary shower room completes the internal accommodation.
Further benefits include secure resident and visitor parking, a share of the freehold, together with the remainder of a 999-year lease, and access to the beautifully maintained communal grounds that surround this historic development.
Teapot Row sits within the distinctive and characterful surroundings of the former Royal Marines estate, combining period architecture and historic significance with convenient access to Southsea's seafront and local amenities.
ENTRANCE : Wrought iron railings and gate lead to a courtyard and front door to: ENTRANCE HALL : Ornate cornicing, dado rail, radiator, three large storage cupboards, one an airing cupboard, one housing electric meter and fuse board, fitted carpet.
SHOWER ROOM : Obscured sash window, large aqua panelled shower enclosure, WC and wash hand basin set in vanity unit with cupboards beneath, bidet hose, ladder radiator, part tiled walls, vinyl flooring.
BEDROOM 1 : Ornate cornicing, sash window with secondary glazing, two built in wardrobes, radiator, fitted carpet.
BEDROOM 2 : Ornate cornicing, sash window, built-in pull down bed, shelving and desk, radiator, fitted carpet.
KITCHEN/DINING ROOM : Ornate cornicing, two sash windows to side elevation, one sash and thin window to rear elevation, all with secondary glazing, radiator, range of wall and base mounted kitchen units with work surfaces over, inset sink and drainer with mixer tap over, integrated appliances including: fridge freezer, washing machine, dishwasher, high level electric double oven, and gas hob with extractor, vinyl flooring, opening to: LOUNGE : Ornate cornicing, radiator, sash window with secondary glazing, door to courtyard garden, radiator, fire place, recessed shelving and cupboards, fitted carpet.
COURTYARD GARDEN : South facing private garden, wrought iron railings and gate onto communal grounds, laid to patio.
LEASEHOLD INFORMATION : Share of Freehold Lease Commenced: 1995 Lease Term: 999 years Lease Term Remaining: 968 years Ground Rent: N/A Service/Maintenance Charge: £2,506.12 per annum COUNCIL TAX Portsmouth City Council TAX BAND E £2,800.98 for the year 2026/2027.
Value & comps
No previous sales on record.
Returns
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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.
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