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 flat · PO2 9HJ
For saleReduced £10k (−9.1%) on 22 SepListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £110,000 Located on London Road in the vibrant city of Portsmouth, this purpose-built flat offers a fantastic opportunity for both first-time buyers and investors alike.
With no onward chain, you can move in with ease and start enjoying your new home right away.
This charming ground floor flat features a spacious open-plan living area, perfect for entertaining guests or simply relaxing after a long day.
The large reception room seamlessly connects to the kitchen, creating a warm and inviting atmosphere.
The property boasts two well-proportioned bedrooms, with the master bedroom benefiting from an ensuite bathroom, providing added convenience and privacy.
While the flat is in good condition, it does require some decorative works, allowing you the chance to personalise the space to your taste.
This is an excellent opportunity to add your own flair and make it truly feel like home.
The location is ideal, with easy access to local amenities, transport links, and the bustling city centre of Portsmouth.
Whether you are looking to enjoy the vibrant culture, explore the historic waterfront, or simply take advantage of the nearby shops and restaurants, this flat is perfectly situated to meet your needs.
In summary, this two-bedroom flat on London Road is a wonderful opportunity to secure a comfortable home in a sought-after area.
With its spacious living area, ensuite master bedroom, and the potential for personalisation, it is a property not to be missed.
Entrance Hall Kitchen/Reception Room (7.37 x 6.63 (24'2" x 21'9")) Bedroom One (4.86 x 3.69 (15'11" x 12'1")) En-Suite (2.81 x 1.90 (9'2" x 6'2")) Bedroom Two (3.39 x 3.11 (11'1" x 10'2")) Bathroom (2.82 x 1.82 (9'3" x 5'11")) Council Tax The local authority is Portsmouth city Council.
Band : A Leasehold Information.
Management Company: Lease Length: Ground Rent: Service Charge: Please note Bernard's Estate agents have not checked or verified the leases, the information provided is what we have been provided with from the sellers.
Your solicitor will check all of the above during the conveyancing process.
Conveyancing Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution.
The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid.
A local, established and experienced conveyance will safeguard your interests and get the job done in a timely manner.
Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.
Anti-Money Laundering Bernards Estate Agents have a legal obligation to complete anti-money laundering checks. The aml check should be completed in branch.
Please call the office to book an aml check if you would like to make an offer on this property. Please note the aml check includes taking a copy of the two forms of identification for each purchaser.
A proof of address and proof of name document is required.
Please note we cannot put forward an offer without the aml check being completed Mortgage Advisor We offer financial services here at Bernards.
If you would like to review your current Agreement In Principle or are yet to source a lender, we have a number of experienced Financial Advisors who will be happy to help.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Flat 29, Forbes Court, 373 London Road, Portsmouth
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