2-bedroom flat · PO4 0RR
For saleReduced £25k (−8.3%) on 23 MayListed 228 days
Opportunity summary
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About
2 BEDROOM 6TH FLOOR APARTMENT WITH LIFT, ALLOCATED PARKING AND DELIGHTFUL VIEWS OVER CANOE LAKE AND THE SOLENT.
The accommodation comprises 2 double bedrooms, spacious lounge/dining room, fitted kitchen, bathroom with separate WC, large hall.
Other benefits include share of freehold, double glazing, gas central heating, good storage and offered with no forward chain. Located on Southsea seafront minutes from the sea and Canoe Lake.
Within walking distance of Albert Road, Palmerston Road, bars, restaurants, cafes, shops and bus routes.
Communal Entrance - Security intercom providing access to communal lobby with stairs and lift to 6th floor.
Flat Front Door To: - Entrance Hall - Large entrance hall with double fitted cupboard, radiator, textured ceiling, wall mounted security entry phone, meter cupboard, double glazed window with views over Canoe Lake.
Lounge/Dining Room - 7.47m x 3.99m (24'6 x 13'1) - Large double glazed bay window offering delightful views over Canoe Lake towards The Solent. Two radiators, textured ceiling.
Kitchen - 2.90m x 2.57m (9'6 x 8'5) - Double aspect room with double glazed windows offering views over roof tops towards Spinnaker Tower, Canoe Lake and The Solent.
Single drainer stainless steel sink unit with wall and base cupboards with work surfaces over. Oven, hob, extractor, space for fridge freezer, plumbing for washing machine.
Potterton gas boiler, tiled flooring, part tiled walls, radiator, textured ceiling. Bedroom 1 - 3.86m x 3.38m (12'8 x 11'1) - double glazed window with views over rooftops towards Spinnaker Tower.
Fitted double wardrobe, textured ceiling, radiator. Bedroom 2 - 3.86m x 3.20m (12'8 x 10'6) - Two double glazed windows, fitted wardrobe, textured ceiling, radiator.
Bathroom - 2.39m x 1.65m (7'10 x 5'5) - Suite comprising bath with electric Triton shower over, WC, wash hand basin, part tiled walls, tiled flooring, double glazed window, textured ceiling, radiator.
Cloakroom - WC, wash hand basin, tiled flooring, part tiled walls. Allocated Parking - Allocated parking bay.
Additional Information - Tenure - Share of freehold Length of Lease - 999 years from 25/12/1973 - 946 Years remaining Service Charge - £2462.88pa - Includes buildings insurance Ground Rent - N/A Council Tax Band - D 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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About St. Helens Parade, Southsea
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