2-bedroom flat · PO5 3RH
For saleReduced £15k (−6%) on 23 MayListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 BEDROOM 1ST FLOOR APARTMENT WITH LIFT, ALLOCATED PARKING, SHARE OF FREEHOLD & OFFERED WITH NO CHAIN.
The accommodation comprises 2 double bedrooms, modern fitted kitchen with appliances, modern shower room, large lounge/dining room with bay window.
The property is presented in good conditions and also benefits from double glazing, gas central heating and bike storage shed.
Located in the heart of central Southsea just a short walk to seafront, Palmerston Road, bars, restaurants, cafes and bus routes.
The lift has been upgraded, a new roof has recently been finished and the communal areas re decorated. Communal Entrance - Security intercom allowing access to communal lobby.
Stairs and lift to first floor. Flat front door to: Entrance Hall - Wall mounted security entry phone, radiator, storage cupboard.
Lounge/Dining Room - 6.02m into bay x 3.56m (19'9 into bay x 11'8) - Double glazed bay window to front, radiator.
Kitchen - 3.71m x 2.79m (12'2 x 9'2) - Single drainer sink unit with range of wall and base cupboards, drawers and work surfaces.
The appliances include an oven, hob, extractor, washing machine, fridge freezer. Double glazed window to front, vinyl flooring, radiator, wall mounted Alpha gas boiler.
Bedroom 1 - 3.89m x 3.40m (12'9 x 11'2) - Double glazed window to side, radiator, range of fitted wardrobes with hanging rails, shelving and drawers.
Bedroom 2 - 3.43m x 2.62m (11'3 x 8'7) - Double glazed window to side, radiator, Shower Room - 3.61m maxx 2.01m (11'10 maxx 6'7) - Double shower cubicle, wash hand basin with storage below, WC, tiled walls, vinyl flooring, extractor, ladder radiator.
Allocated Parking - Allocated parking bay located to the rear of the development.
Bike Storage/Shed - Bike store/storage shed, Additional Information - Tenure - Tenure: Share of freehold Length of Lease - 999 years from 09/09/1978 - 951 Years remaining approximately.
Service Charge £1916pa Ground Rent - N/A 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
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 Palmerston Road, Southsea
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