3-bedroom flat · PO4 0PZ
For saleReduced £10k (−4.3%) on 27 AugListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented three-bedroom top floor apartment, complete with allocated off-road parking and a share of the freehold, could make for an ideal first-time or investment purchase.
Conveniently positioned in central Southsea on the corner of Waverley Grove and Waverley Road, the property is perfectly situated within easy reach of local amenities, popular cafés, transport links and the nearby seafront and waterfront.
Bright, spacious and naturally airy throughout, the accommodation provides a generous living room with dual aspect windows that allow plenty of natural light to flood the space, creating a warm and inviting main living area.
There are three good sized bedrooms, two of which benefit from built-in wardrobes, whilst all rooms enjoy a bright and pleasant outlook.
The property also boasts a stylish modern fitted bathroom suite, alongside a sizeable kitchen/breakfast room offering ample cupboard and worktop space, making it both practical for everyday living and ideal for entertaining or dining.
Externally, the building benefits from a recently renovated garden frontage, whilst to the rear there is a residents' car park with an allocated parking space for the apartment - a hugely valuable addition for such a central Southsea location.
Given the location, space and opportunity on offer, we highly recommend an internal viewing to fully appreciate everything this property has to offer.
For further information or to arrange a viewing, please contact the Lawson Rose sales office on .
Material Information: Material Information: • Construction: Brick Built • Electricity Supply: Alternating Current • Heating: Gas Central Heating • Water Supply: Mains Water Supply • Sewage: Mains Sewage • Broadband: Standard, Superfast Fibre and Gfast Fibre are available.
• Mobile: Ofcom Checker shows EE, Three, 02 and Vodafone all have voice and data availability in this area.
• Allocated Off Road Parking & Permit Parking: 1st permit is £30,2nd permit is £120 and 3rd permit (where available) is £300.
• Council Tax: Portsmouth City Council – Band B • Flood Risk – Low Risk (Stated on the portal) • Tenure – Share Of The Freehold • Term: 119 Years Remaining • Vendor is director of Management.
• Service Charge: £75.00 P/M Inc building insurance • Ground Rent: N/A EPC Rating: C
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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About Flat 3, Waverley Court, Southsea
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