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See how verdicts work3-bedroom semi-detached house · PO2 0TJ
For saleReduced £10k (−3.3%) on 23 OctListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A traditional three-bedroom semi-detached house situated in the popular Merrivale Road, offering generously proportioned accommodation, a south-facing rear garden and excellent potential for a new owner to modernise and create a home to their own specification.
The property offers nearly 100sq.m. Of accommodation and retains a number of original period features, while also benefiting from gas central heating and predominantly double-glazed windows.
On the ground floor, the entrance hall provides access to two separate reception rooms, comprising a living room and dining room.
The living room is currently being utilised as an additional bedroom by the existing occupiers. To the rear is a fitted kitchen with a useful pantry cupboard and access towards the garden.
Upstairs are three bedrooms, including two particularly good-sized double bedrooms, both with inbuilt storage and a smaller single bedroom, together with a family bathroom.
Outside, the property benefits from a south-facing rear garden extending to approximately 45 feet.
Vehicular access via a shared driveway leads to hardstanding at the rear of the property, providing useful off-road parking and potential for the construction of a garage, subject to any necessary planning permissions and consents.
The house would now benefit from general updating and modernisation throughout.
However, it provides an excellent opportunity to improve a well-proportioned traditional family home in an established and popular residential road.
Early viewing is recommended to appreciate the size, location and potential offered by this property, which has no onward chain.
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
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FAQ
About 32, Merrivale Road, Portsmouth
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