3-bedroom flat · PO2 9JR
Listing removedListed 70 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
New to the market is this deceptively spacious three-bedroom flat, ideally situated on London Road in North End.
The property is conveniently located within easy reach of local shops, schools and a range of amenities, making it an ideal home for families or professional tenants.
Upon entering, you are welcomed by a spacious hallway featuring newly fitted laminate flooring. The property has also been recently redecorated throughout, creating a fresh and welcoming feel.
The accommodation comprises a bright kitchen with white gloss units, with space for a washing machine and fridge freezer.
There are two double bedrooms, a third single bedroom, and a generously sized lounge/diner providing a comfortable space for relaxing and entertaining.
The bathroom is well maintained and benefits from a bath and wash basin, with a separate WC. Further benefits include gas central heating, and the property is offered unfurnished.
Available for immediate move-in. 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.
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. Council Tax Band B
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
Agent & docs
FAQ
About 4, Vernon Court, London Road, Portsmouth
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