2-bedroom flat · PO5 2JS
To rentListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 3077232. *** available now *** A spacious top floor 2 bedroom apartment with designated parking, that is walking distance to South Parade Pier, Canoe Lake and Palmerston Road.
Conveniently close to other local amenities such as a gyms, shops restaurants and bars: 2 minute walk to ‘kola' (a live music venue) 3 minute walk to Clarendon Road Green 7 minute walk to South Parade Pier 9 minute walk to Palmerston Road 10 minute walk Canoe Lake 14 minute walk to 'CourtX' (a tennis club including a cafe and fitness classes such as yoga).
20 minute walk to Southsea Common (opposite Portsmouth Naval Memorial) A bus stop directly in front of the building (bus numbers 3,23,25); all bus routes include Gunwharf Queys.
Petersham House is a quite but very friendly place to live, with a real sense of community; most neighbours know each other and host coffee gatherings every Friday - all neighbours are welcome!
The apartment is the perfect home for a family with young children, a couple or friends sharing.
You will benefit from a spacious, unfurnished apartment with plenty of storage spaces and natural light.
The kitchen has been newly refurbished with new kitchen cabinets and fitted with all new appliances, such as a cooker, oven, washing machine and fridge.
The apartment is fully electric as there is no gas in the property.
Inside the apartment: As you enter the apartment, you will be: Greeted by a small balcony, perfect for safely storing your bicycle; A spacious hall/reception area; A small storage room, located on the right side at the entrance of the apartment; A large master bedroom; A slightly smaller double bedroom; A bathroom, with separate bathtub and shower enclosure; A good sized kitchen, with lots of storage space and counter-top surface area for cooking; And a large living room/diner.
Parking: The apartment comes with its own designated parking spot at the rear of the building.
Application Process: References will be required, along with a deposit equivalent to roughly 5 weeks' rent.
Summary & Exclusions: - Rent Amount: £1,300.00 per month (£300.00 per week) - Deposit / Bond: £1,500.00 - 2 Bedrooms - 1 Bathrooms - Property comes unfurnished - Available to move in from 17 October 2026 - Maximum number of tenants is 2 - Students welcome to enquire - Smokers considered - Bills not included - Property has parking - No Garden Access - EPC Rating: C If calling, please quote reference: 3077232 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
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
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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 Petersham House Clarendon Road, Southsea
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