2-bedroom flat · PO5 4PY
For saleReduced £15k (−10.3%) on 9 OctListed 586 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment buyers - two bedroom flat with no forward chain! This first floor flat is located along Somers Road, Southsea, and is offered to the market with no forward chain.
The accommodation on offer briefly comprises; entrance hallway, two double bedrooms, fitted bathroom, lounge/diner and fitted kitchen.
Additional benefits include gas central heating, double glazing throughout, and lease with a 89 year lease! The current tenancy is fixed until December 2025 generating £920 pcm.
We feel this property would make a great investment purchase, so please call to arrange your internal viewing. Investment buyers - two bedroom flat with no forward chain!
This first floor flat is located along Somers Road, Southsea, and is offered to the market with no forward chain.
The accommodation on offer briefly comprises; entrance hallway, two double bedrooms, fitted bathroom, lounge/diner and fitted kitchen.
Additional benefits include gas central heating, double glazing throughout, and lease with a 89 year lease! The current tenancy is fixed until December 2025 generating £920 pcm.
We feel this property would make a great investment purchase, so please call to arrange your internal viewing.
Communal front door Leading into:- communal hallway Stairs to first floor, door to Flat B. Hallway Doors to all rooms, radiator.
Lounge 12' 6" x 13' 1" (3.83m x 3.99m) Double glazed window to front elevation, radiator, built-in cupboard housing meters.
Bedroom one 10' 0" x 12' 3" (3.05m x 3.75m) Double glazed window to rear elevation, radiator.
Kitchen 11' 10" x 5' 1" (3.63m x 1.55m) Double glazed window to side elevation, fitted kitchen comprising a range of wall and base level units incorporating roll edge work surfaces, space for cooker with extractor hood over, space for fridge/freezer, stainless steel sink and drainer unit, tiled to principal areas, wall mounted combination boiler, space and plumbing for washing machine.
Bedroom two 8' 2" x 9' 1" (2.50m x 2.79m) Double glazed window to rear elevation, radiator.
Bathroom 5' 11" x 5' 0" (1.81m x 1.54m) Obscure double glazed window to side elevation, panel enclosed bath with shower over, close coupled WC, pedestal mounted basin, tiled to principal areas, extractor fan, heated towel rail.
Agents note: council tax Band A.
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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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
Agent & docs
FAQ
About 96b, Somers Road, Southsea
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