2-bedroom flat · PO5 3DN
For saleListed 139 days
Opportunity summary
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About
2 BEDROOM FIRST FLOOR APRTMETN OFFERED WITH NO CHAIN AND PLENTY OF ON-SITE PARKING.
2 bedroom first floor apartment located in the heart of Central Southsea just a short walk to Southsea Seafront, Palmerston Road Shopping Precinct, bars, restaurants, bus routes, several mainline train stations and Gunwharf Quays.
The accommodation comprises 2 double bedrooms, good size lounge, fitted bathroom and kitchen.
The property is fitted with double glazing, electric night storage heating and benefits from onsite parking which is on a first come first served basis.
the property is being sold with an extended lease of 148 years. Communal Entrance - Security intercom system leading to communal hall, stairs to first floor.
Flat Front Door To: - Entrance Hall - Electric night storage heater, coved and textured ceiling, storage cupboard, additional cupboard housing hot water tank.
Lounge - 4.75m x 3.18m (15'7 x 10'5) - Two double glazed windows to front, electric night storage heater, coved and textured ceiling.
Kitchen - 2.21m x 2.03m (7'3 x 6'8) - Single drainer stainless steel sink unit with wall and base cupboards, electric cooker, fridge/freezer, coved and textured ceiling, double glazed window to side.
Bedroom 1 - 3.73m x 2.87m (12'3 x 9'5) - Double glazed window to rear, electric night storage heater, coved and textured ceiling, wardrobe space with hanging rail.
Bedroom 2 - 2.92m x 2.64m (9'7 x 8'8) - Double glazed window to rear, electric night storage heater, coved and textured ceiling, wardrobe space with hanging rail.
Bathroom - 1.98m x 1.98m (6'6 x 6'6) - White suite comprising bath, WC, wash hand basin, part tiled walls, electric heater, extractor.
Laundry Room - Located on the lower floor of the building, this useful storage cupboard has plumbing for washing machine, light and power.
Additional Information - Tenure - Leasehold Length of Lease - In the process of being extended to 148 years.
The original lease was granted for 99 years from 29th September 1985 (58 years remaining) Service Charge - £1586.86pa - Includes buildings insurance Ground Rent - £125pa 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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