7-bedroom terraced house · PO5 1EW
For saleListed 88 days
Opportunity summary
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About
INVESTMENT OPPORTUNITY - 7 BEDROOM HMO PROPERTY WHICH IS CURRENTLY LET AT £59,220PA (GROSS YIELD OF 11.28%) AND IS BEING SOLD AS A GOING CONCERN WITH TENANTS IN SITU, FURNITURE AND APPLANCES.
The accommodation comprises 7 good size bedrooms, large kitchen/dining/lounge area, ground floor WC, first floor shower room, second floor bathroom and southerly facing rear garden.
Rarely available in this part of the road which is conveniently located and ideal for young professionals wanting to be close to Palmerston Road, Albert Road, bars, restaurants, cafes, coffee shops, seafront, Gunwharf Quays, mainline train stations.
Ground Floor Front - 4.19m x 3.99m (13'9 x 13'1) - Ground Floor Rear - 4.19m x 3.51m (13'9 x 11'6) - Wc - Kitchen/Dining Room - 9.88m x 3.33m (32'5 x 10'11) - First Floor Front - 5.54m x 3.99m (18'2 x 13'1) - First Floor Middle - 4.19m x 3.51m (13'9 x 11'6) - Shower Room - 2.77m x 2.01m max (9'1 x 6'7 max) - First Floor Rear - 5.77m x 3.33m (18'11 x 10'11) - Second Floor Rear - 6.38m x 3.33m (20'11 x 10'11) - Bathroom - 1.98m x 2.13m (6'6 x 7') - Loft Room - 5.79m x 3.51m (19' x 11'6) - Southerly Facing Rear Garden - Additional Information - Tenure - Freehold Council Tax - Band C The following bills are included within the rent: Gas/electric - £3000pa Water - £840pa TV License - £180pa Council tax - £2000pa approximately The information provided about this property does not constitute or form part of an offer or contract, nor may it be used as a representation.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply they have been tested.
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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