2-bedroom flat · PO3 6LT
To rentListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
New to the rental market is this well-presented two-bedroom, two-bathroom ground floor apartment, situated in the highly sought-after development of The Old Portsmouth Gaol.
The property offers spacious and modern living throughout, featuring two generous double bedrooms, including a master with en-suite shower room, a stylish family bathroom, and a bright, open-plan lounge that overlooks the well-maintained communal gardens.
The contemporary fitted kitchen comes fully equipped with white goods, making it ideal for comfortable day-to-day living.
Further benefits include off-road allocated parking and an enviable location within easy reach of local amenities and transport links.
Offered unfurnished and available to move into from the end of December, this is a fantastic opportunity not to be missed – contact us today to arrange your viewing.
Kitchen/Lounge/Dining Room Contemporary kitchen with comprehensive floor and wall cupboards incorporating modern handle-less soft-close doors and drawers • Induction hob • Multi-function oven • Integrated fridge/freezer • Integrated washing machine • Sink and mixer tap Bathrooms The clean lines of our bathrooms are complemented with contemporary sanitary ware taps and showers • Vanity mirror • White sanitary ware • Stylish mixer taps and showers • Marble effect wall and floor tiles Bedrooms To achieve a contemporary interior we have selected high quality flooring to complement the beautiful layout whilst other finishes have been kept light and bright • Recessed lights in specific areas • White painted woodwork throughout • Square cuts skirting and architrave throughout • Walls painted with neutral emulsion • Smooth ceiling in white emulsion Removal Quotes As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company.
Please ask a member of our sales team for further details and a quotation. Tenant Fees Act 2019 As well as paying the rent, you may also be required to make the following permitted payments.
For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant’s behalf) the following permitted payments: · Holding deposits (a maximum of 1 week’s rent); · Deposits (a maximum deposit of 5 weeks’ rent for annual rent below £50,000, or 6 weeks’ rent for annual rental of £50,000 and above); · Payments to change a tenancy agreement eg.
Change of sharer (capped at £50 or, if higher, any reasonable costs); · Payments associated with early termination of a tenancy (capped at the landlord’s loss or the agent’s reasonably incurred costs); · Where required, utilities (electricity, gas or other fuel, water, sewerage), communication services (telephone, internet, cable/satellite television), TV licence; · Council tax (payable to the billing authority); · Interest payments for the late payment of rent (up to 3% above Bank of England’s annual percentage rate); · Reasonable costs for replacement of lost keys or other security devices; · Contractual damages in the event of the tenant’s default of a tenancy agreement; and · Any other permitted payments under the Tenant Fees Act 2019 and regulations applicable at the relevant time.
Right To Rent Each applicant will be subject to the right to rent checks. This is a government requirement since February 2016.
We are required to check and take a copy of the original version of acceptable documentation in order to adhere to the Right to rent checks. This will be carried out at referencing stage.
Please speak to a member of staff for acceptable Identification.
Council Tax Band C Portsmouth City Council: £1137.00 Police & Crime Commissioner: £147.08 Combined Fire Authority: £56.75 Total: £1340.83
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Governors Walk, Portsmouth
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