2-bedroom flat · PO5 1JY
For saleReduced £10k (−6.3%) on 8 SepListed 116 days
Opportunity summary
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About
Two bedroom apartment located in the heart of southsea boasting lift access, generous balcony, allocated off road parking and so much more!
Situated in the highly sought-after location of Elm Grove, this well-presented two-bedroom first floor apartment offers modern, low-maintenance living with the added benefits of lift access, gas central heating, and an allocated off-road parking space.
Perfectly suited to first-time buyers, professionals, investors or those looking to downsize, the property combines comfort, convenience and an excellent central location.
The apartment comprises a welcoming entrance hall providing access to all principal rooms.
The bright and spacious open-plan kitchen/living room creates an ideal space for both relaxing and entertaining, with ample room for lounge and dining furniture alongside a fitted kitchen offering generous worktop space and integrated cooking appliances.
There are two well-proportioned bedrooms, including a comfortable principal bedroom and a versatile second bedroom which could equally serve as a guest room, nursery or home office.
The contemporary bathroom is fitted with a modern white suite comprising a panelled bath with shower over, wash hand basin and WC.
Further benefits include double glazing, gas central heating, a secure communal entrance, lift access to all floors, and the convenience of an allocated off-road parking space, a particularly valuable feature in this popular part of Southsea.
Ideally positioned in the heart of Southsea, the apartment enjoys easy access to an excellent range of local amenities.
Elm Grove’s independent cafés, restaurants, pubs and convenience stores are just 0.1 miles away, while the popular shopping and dining destination of Palmerston Road is approximately 0.5 miles from the property.
Southsea Seafront can be reached in around 0.8 miles, offering beautiful coastal walks and leisure facilities.
Fratton Railway Station is approximately 0.9 miles away, providing direct rail links, while the University of Portsmouth is around 1.2 miles from the apartment.
Gunwharf Quays, with its extensive selection of retail outlets, restaurants and entertainment, is approximately 1.8 miles away, making this an exceptionally well-connected location for both everyday living and commuting.
Offering an excellent balance of space, practicality and location, this superb apartment presents an ideal opportunity for a wide range of purchasers. Early viewing is highly recommended.
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.
Area
Agent & docs
FAQ
About Flat 5, 36-40,, Elm Grove, Hampshire
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