We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · PO5 1JF
Sold STCReduced £5k (−3.8%) on 23 MayListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and versatile first floor apartment extending to approximately 925 sq ft, offering three well-proportioned bedrooms and generous living space.
The property features a bright and welcoming sitting room, a well-equipped kitchen, and a family bathroom, with the layout providing excellent flexibility for a variety of lifestyles.
Bedroom one is a comfortable double, while bedrooms two and three offer ideal options for children, guests, or home working.
With its practical design and light-filled rooms, this home presents an excellent opportunity for first-time buyers, investors, or those seeking a conveniently arranged property in a desirable location.
ADDITIONAL INFORMATION Materials used in construction: ASK AGENT For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Leasehold Unexpired Years: 129 years Annual Ground Rent: £50 Ground Rent Increase: TBC Ground Rent Review Period: TBC Annual Service: £2000 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
ADDITIONAL INFORMATION Materials used in construction: ASK AGENT No gas to the property Anything else that you pick up from the marketing agreement, eg: solar panels, tree preservation order For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances. Situated in the heart of Southsea, one of Portsmouth’s most sought-after and vibrant areas.
Residents enjoy easy access to a wide range of local amenities, including independent shops, cafes, bars, and restaurants along Albert Road and nearby Palmerston Road.
The property is just a short walk from the seafront, Southsea Common, and the historic South Parade Pier – perfect for enjoying the outdoors or a stroll along the coast.
Excellent transport links are also within easy reach, including bus routes, Fratton train station, and convenient road access to the M27 and A3.
Families, professionals, and commuters alike will appreciate the combination of a lively community atmosphere with the convenience of city living, all within a coastal setting.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Elm Grove, Southsea, PO5
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