2-bedroom house · PO5 3NN
Listing removedReduced £50 (−4.2%) on 4 AugListed 116 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available Now - This well-presented two-bedroom ground-floor retirement apartment is located within the prestigious Homeheights development on Southsea seafront.
Offering comfortable accommodation, stunning views across Southsea Common, and excellent communal facilities, the property is available exclusively to residents aged 60 and over.
Dack Lettings are delighted to offer this spacious and well-maintained two-bedroom ground-floor retirement apartment, situated within the highly regarded Homeheights development on Southsea seafront.
Enjoying a prime coastal position, the property features a bright and spacious lounge with attractive views across Southsea Common and towards the seafront.
The lounge leads through to an equipped kitchen fitted with a fridge freezer and electric oven and hob.
The accommodation comprises two double bedrooms, both benefiting from built-in wardrobes, along with a modern bathroom fitted with an electric shower over the bath.
Decorated and carpeted throughout in neutral tones, the apartment provides a comfortable and welcoming living environment.
Further benefits include double glazing, electric heating, and water rates included within the rent.
Residents of Homeheights also enjoy access to a range of communal facilities, including a laundry room, residents' lounge with snooker table, and a stunning observation area offering panoramic views across the Solent.
This property is available exclusively to applicants aged 60 years and over.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
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.
Area
Agent & docs
FAQ
About Homeheights House, Clarence Parade, PO5 3NN
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