We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · PO2 7JA
For saleReduced £10k (−5.6%) on 14 OctListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** of interest to builders and devlopers *** *** in need of modernisation *** *** no forward chain *** *** vacant possession *** *** first time to the market *** Now in need of improvement, this bay and forecourt terrace offers bags of potential for the right buyer.
Priced realistically, this is a no chain property ripe for upgrading.
Consisting of two receptions rooms, a kitchen, ground floor w/c and lean-to, along with two double bedrooms and the bonus of a third bed (currently used as a shower room) to the second floor.
Options include turning the stairs to provide separate access to the third bedroom (subject to building regulation approval) as well as creating a first floor hallway.
A disused shower exists on the ground floor and this could be enhanced to provide a functioning bathroom.
Alternatively, by re-fitting the first floor shower room a lovely master suite could be created. This is a real opportunity for the right buyer at a sensible asking price.
Entrance Hallway Double Glazed front door into the entrance hall, door to the lounge, stairs to the first floor and door to the dining room Lounge (4.14m into bay and recess x 2.95m (13'7" into bay) Double glazed bay window to the front aspect, decorative cornice, feature fire surround, floor-standing electric heater.
Dining Room (3.68m x 3.28m (12'1" x 10'9")) Ceiling tiles, double glazed window to the rear aspect, understairs cupboard housing electric consumer units and meter, feature fire surround, floor-standing electric heater, door to the kitchen.
Kitchen (2.51m x 2.46m (8'3" x 8'1")) Double glazed window to the side aspect, range of fitted kitchen units, integrated electric oven, hob and extractor fan, stainless steel sink with mixer tap, opening to the lobby.
Lobby Door to w/c housing low flush w/c. Opening to a shower enclosure. Door to the lean-to. Lean-To (2.51m x 1.88m (8'3" x 6'2")) Single glazed windows to the rear, single glazed door to the rear.
First Floor Landing Split landing with access to Bedrooms One and Two.
Bedroom One (4.01m x 3.38m maximum (13'2" x 11'1" maximum)) Picture rail, double glazed window to the rear aspect, built in Victorian style wardrobe, floor-standing electric heater.
En-Suite (Formerly Bedroom Three) (3.38m x 2.51m maximum (11'1" x 8'3" maximum)) Built in cupboard housing the water cylinder, shower enclosure, pedestal wash hand basin, low flush w/c, towel radiator, double glazed, obscured glass window to the rear aspect.
Bedroom Two (3.99m x 3.45m (13'1" x 11'4")) Picture rail, built in Victorian style wardrobe, double glazed window to the front aspect, floor-standing electric heater.
Garden Enclosed by low brick walls and trellis, pathway leading to a raised area of patio to the rear housing a shed (to remain), raised borders.
Agents Notes Please note that the vendor of this property is an associate of Tully and Co and a declaration is made in accordance with Section 32 of the Estate Agents Act. Tenure: Freehold.
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 133, Portchester Road, Portsmouth
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