2-bedroom flat · PO1 2NF
For saleListed 299 days
Opportunity summary
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About
Set in the very heart of Old Portsmouth, this exceptional duplex apartment occupies a truly unique position overlooking the historic cobbled Grand Parade, Nelson's Monument, and the Napoleonic Sea Defences, with uninterrupted, protected views across the Solent and towards the Isle of Wight.
As the oldest part of the city, Old Portsmouth offers a distinctive blend of maritime heritage, character architecture and a welcoming community. This apartment stands apart within the area.
Arranged over the top two floors of a purpose-built development, the property benefits from its own private lift service, an unusually large integral garage, and additional store rooms - features rarely found locally.
Upon entering the main reception level, a spacious hallway leads to a 21' sitting room with curved bay window framing exceptional waterside views, and an adjacent double bedroom enjoying the same outlook.
To the rear, a bright fitted kitchen offers far-reaching views towards the city skyline, while a modern shower room completes this floor.
Upstairs, the upper level features a second shower room and a versatile bedroom/viewing room, opening through twin doors onto a magnificent 29' private roof terrace.
From here, panoramic views sweep across Battery Row, the harbour entrance, the Solent and the Isle of Wight - arguably among the finest sea views on the South Coast, with an ever-changing backdrop of merchant and naval vessels.
The property benefits from granted planning permission to extend the top floor.
Additional benefits include gas-fired central heating, double glazing, no forward chain, and a long lease with the rare advantage of the freehold being owned by the seller.
ENTRANCE Covered porch over main communal front door and entry phone system leading to: COMMUNAL HALLWAY Internal glazed door leading to passageway and lift rising to this property only, stairs leading to all floors, storage cupboard.
FOURTH FLOOR Landing, staircase rising to upper roof level, staircase leading to lower level with door to communal hallway.
On the mezzanine level is a storage cupboard with shelving and rubbish chute, double glazed window to rear aspect. HALLWAY Built-in storage cupboard with shelving and electric meter.
SHOWER ROOM Tiled shower cubicle with sliding door, ceiling spotlights, double glazed obscured window to rear aspect, WC, wash hand basin with mixer tap and cupboards beneath, illuminated mirror over, heated towel rail, part tiled walls, vinyl flooring.
KITCHEN Range wall and base mounted units with work surfaces over, inset 1½ bowl stainless steel sink unit with mixer tap, space and plumbing for slim-line dishwasher, inset four ring gas hob with oven under and extractor hood, fan and light over, space for free standing fridge/freezer, two wall mounted units with glazed panelled doors, plumbing for washing machine, double glazed window to rear aspect with city views, radiator, part tiled walls, laminate flooring.
SITTING / DINING ROOM Curved double bay window to front aspect with outstanding views over Nelsons monument, towards the Solent and Isle of Wight in the distance, two radiators, coving, fitted carpet.
BEDROOM 2 Double glazed bow bay window to front aspect with outstanding views over Nelsons monument, towards the Solent and Isle of Wight in the distance, radiator, range of built-in wardrobes, fitted carpet.
UPPER FLOOR Door to large built-in storage cupboard with range of shelving, staircase rising to roof level.
ROOF LEVEL Landing, staircase leading to landing with balustrade and access to lift machinery room.
SHOWER ROOM Tiled shower cubicle, pedestal wash hand basin with mirror splashback, WC, radiator, cupboard housing Vaillant gas combination boiler.
BEDROOM 1 Double glazed window to rear aspect with far reaching views over roof tops towards the City of Portsmouth, radiator, range of built-in storage cupboards with shelving to one wall, twin double-glazed doors with windows to either side leading to: ROOF TERRACE Outstanding views over the Napoleonic Sea Defences and roof tops opposite towards the Harbour entrance, the Isle of Wight and the Solent beyond.
cold water tap.
INTEGRAL GARAGE Remote controlled roller up and over door, door to: STORE ROOM Window to rear aspect, door leading to: STORE ROOM / UTILITY ROOM Lighting, electric consumer boxes for all of the apartments, cold water supply.
TENURE Lease Term: 125 years Lease Commenced: 2015 Lease Term Remaining: 115 years Service/Maintenance Charge: £2,238.60 per annum Ground Rent: None payable.
COUNCIL TAX Portsmouth City Council TAX BAND D £2,180.92 for the year 2025/2026.
Value & comps
No previous sales on record.
Returns
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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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