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See how verdicts work2-bedroom flat · PO5 2ET
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented third floor apartment forming part of the sought-after The Parade Apartments, ideally positioned on Clarence Parade overlooking Southsea Common.
Offering well-proportioned and versatile accommodation, the property benefits from a south-facing balcony, secure allocated parking and lift access within the building.
The accommodation comprises a welcoming entrance hall leading into a particularly appealing open plan lounge, dining and kitchen space, providing an excellent setting for both everyday living and entertaining.
The living area opens directly onto the south-facing balcony, creating a natural extension of the living space and enjoying an elevated outlook across the mature trees of Southsea Common.
The balcony can also be accessed from the principal bedroom.
There are two comfortable double bedrooms, with the main bedroom benefiting from its own en-suite shower room, in addition to a separate family bathroom.
The property further benefits from a secure gated parking area with one allocated parking space, together with lift access serving the building.
The south-facing aspect and elevated position provide a particularly pleasant outlook across Southsea Common, where a mature line of trees creates a leafy and established setting along with glimpses of the Solent and sea between the trees.
An excellent opportunity to acquire a spacious apartment in a highly desirable seafront location, with Southsea Common, the seafront promenade and the wide range of amenities along Palmerston Road and Marmion Road all within easy reach.
COMMUNAL HALL : Lift and stairs to 3rd floor, personal front door to: ENTRANCE HALL : Inset spotlights, radiator, storage cupboard, fitted carpet.
LOUNGE / DINER / KITCHEN : Inset spotlights, double glazed patio doors leading onto balcony overlooking Southsea Common and the seafront, radiator, recessed shelving, video entry phone, wood effect flooring, kitchen comprising wall and base mounted units with granite work surfaces over, inset sink unit with routed drainer and mixer tap over, integrated appliances included electric oven, gas hob with extractor fan over, under counter fridge and freezer, washing machine, and dishwasher.
BEDROOM 1 : Inset spotlights, radiator, double glazed window overlooking Southsea Common and the seafront, double glazed door leading onto balcony, fitted wardrobe, fitted carpet, door to: EN-SUITE SHOWER ROOM : Extractor fan, corner shower cubicle, WC, wash hand basin, LED mirror, ladder radiator, part tiled walls, tiled floor.
BEDROOM 2 : Inset spotlights, double glazed window overlooking Southsea Common and the seafront, fitted wardrobe, radiator, fitted carpet.
BATHROOM : Extractor fan, panelled bath with mixer shower and screen, WC, wash hand basin, ladder radiator, part tiled walls, tiled floor.
BIKE STORE : Situated on the ground, a locked private storage cupboard. PARKING : Gated parking area with one allocated parking space.
LEASE INFORMATION : Lease Commenced: 01/01/2005 Lease Term: 125 years Lease Term Remaining: 103 years Ground Rent: £150 per annum Service/Maintenance Charge: £2,370.78 COUNCIL TAX Portsmouth City Council TAX BAND D £2,291.71 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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FAQ
About Clarence Parade, Southsea
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