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See how verdicts work1-bedroom house · PO5 1HW
Listing removedListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within a short distance of Palmerston Road and Marmion Road, this recently renovated one-bedroom retirement apartment is situated on the second floor of a popular and well-maintained development, exclusively for residents aged 55 and over.
The property has been extensively modernised, benefiting from a brand new fitted kitchen and contemporary shower room, a full electrical rewire, new high-efficiency electric radiators, new carpets throughout, and fresh neutral décor, resulting in a bright, comfortable, and truly move-in-ready home.
The internal accommodation comprises an entrance hall with intercom entry system, a spacious living room, a newly fitted kitchen, a double bedroom with built-in wardrobe, and a modern shower room finished to a high standard.
Residents enjoy access to a range of excellent communal facilities, including a residents' lounge, laundry room, guest suite, and the reassurance of an on-site house manager alongside a 24-hour emergency CARELINE system.
Additional benefits include lift access to all floors, well-kept communal gardens, and residents' and visitors' parking.
Offered with no forward chain, this superbly refurbished apartment represents an ideal opportunity for those seeking a convenient, secure, and low-maintenance retirement lifestyle in a highly convenient Southsea location.
Enter via secure communal entrance into; COMMUNAL HALLWAY Stairs and lifts to all floors and a personal front door on the third floor into; ENTRANCE HALL Textured and coved ceiling, loft hatch access, intercom entry system, storage cupboard with electric fuse board and water heater, fitted carpet and doors into; LOUNGE / DINER Textured and coved ceiling, double-glazed window, wall lights, electric wall heater, fitted carpet and opening into; KITCHEN Textured ceiling, a new range of wall and base mounted units with work surfaces over, inset sink and drainer, integrated electric oven and hob with extractor over, space for under counter fridge, part tiled walls, vinyl flooring.
BEDROOM Textured and coved ceiling, two double-glazed windows, dual aspects, built-in wardrobe, electric wall heater, fitted carpet.
SHOWER ROOM Textured and coved ceiling, double glazed window, shower enclosure, pedestal wash hand basin with tiled splash back, WC, electric wall heater, aqua panelling, vinyl flooring.
TENURE Lease Commenced: 12th August 1981 Lease Term: 99 years Remaining Lease: 54 years Maintenance/Service Charge: £3,387.28 per annum Ground Rent: £927.90 per annum.
COUNCIL TAX Portsmouth City Council TAX BAND A £1,453.95 for the year 2025/2026.
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.
Area
Agent & docs
FAQ
About Grove Road North, Southsea
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