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See how verdicts work3-bedroom flat · PO4 0PZ
No longer listedReduced £10k (−4.3%) on 27 AugListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no forward chain, this spacious and well-presented three-bedroom top floor apartment presents an excellent opportunity for first-time buyers, investors or those looking to enjoy a central Southsea lifestyle.
Benefitting from a share of the freehold, allocated off-road parking and generous accommodation extending to approximately 942 sq ft (87.5 sq m), this is a property that combines practicality with an enviable location.
Positioned on the corner of Waverley Grove and Waverley Road, the apartment is ideally situated within walking distance of Southsea's vibrant café culture, independent shops, Albert Road, the seafront and excellent transport links.
The accommodation is bright and well-proportioned throughout, with a generous dual-aspect sitting room enjoying an abundance of natural light, creating an inviting space for relaxing or entertaining.
The spacious kitchen/breakfast room offers ample worktop and cupboard space, comfortably accommodating everyday dining while providing a practical layout for modern living.
There are three well-sized bedrooms, including two generous doubles with built-in wardrobes and a versatile third bedroom that would make an ideal home office, nursery or guest room.
A contemporary family bathroom and separate WC further enhance the apartment's practicality.
Externally, residents benefit from a recently improved communal frontage, while to the rear the property enjoys the valuable advantage of an allocated off-road parking space-a rare and highly sought-after feature in this central location.
Combining spacious accommodation, excellent tenure, parking and a superb Southsea setting, this fantastic apartment offers an outstanding opportunity to secure a home in one of the city's most desirable locations.
Early viewing is highly recommended.
Share of freehold Unexpired Years: 117 Annual Ground Rent: £100 Ground Rent Increase: N/A Ground Rent Review Period: N/A Annual Service: £900 (75pm) These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
Additional information Materials used in construction: Brick and Tiles Have any alterations or improvements been carried out during the current ownership?
Yes, Ask Agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances. Situated in the heart of Southsea, one of Portsmouth's most sought-after coastal neighbourhoods.
The property enjoys a highly convenient position just a short walk from Southsea seafront, the popular promenade, and a wide range of local amenities.
The vibrant Albert Road district is nearby, offering an excellent selection of independent cafés, restaurants, bars, supermarkets, and boutique shops.
The area is well served by public transport, with regular bus services and Fratton railway station within easy reach, providing direct connections to Portsmouth, London, and surrounding areas.
Southsea is renowned for its blend of coastal living and city convenience, with nearby attractions including Southsea Common, Canoe Lake, the historic waterfront, and a variety of leisure and recreational facilities.
Excellent road links via the A3(M) and M27 provide convenient access to Chichester, Southampton, and the wider South Coast.
Overall, the property benefits from an attractive central location that combines excellent amenities, transport connections, and easy access to the seafront, making it an ideal setting for both owner-occupiers and investors.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Flat 3, Waverley Court, 1, Waverley Grove, Hampshire
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