1-bedroom flat · PO2 0NB
For saleReduced £5k (−4%) on 14 OctListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This one-bedroom ground floor flat is ideally situated in Cornerstone House, London Road, with the high street right on your doorstep.
Offering its own private entrance, this property provides a great combination of convenience, privacy and easy living.
Upon entering, you are welcomed into a bright and spacious open-plan kitchen/lounge, creating a sociable and versatile space that is ideal for relaxing or entertaining.
The kitchen provides a practical and functional area for cooking, while the generous living space benefits from plenty of natural light.
The property also features a comfortable double bedroom, offering a peaceful space to unwind, along with a modern three-piece bathroom.
A further benefit is that the property is offered with no forward chain, making this an appealing option for first-time buyers, those looking to downsize or investors seeking a conveniently located property.
With the high street, local amenities and transport links all close by, this is a fantastic opportunity for anyone looking for a well-located and low-maintenance home.
Kitchen/Lounge (2.72 x 7.14 (8'11" x 23'5")) Bedroom (3.00m x 4.06m (9'10" x 13'4")) Bathroom (2.97m x 1.70m (9'9" x 5'7")) Leasehold Information Lease Length: 116 years Ground Rent: £250 pa Service Charge: £454.90 Please note Bernard's Estate agents have not checked or verified the leases, the information provided is what we have been provided with from the sellers.
Your solicitor will check all of the above during the conveyancing process. Portsmouth Council Tax The local authority is Portsmouth City Council.
Band : A £1,453.95 Mortgage Advisor We offer financial services here at Bernards.
If you would like to review your current Agreement In Principle or are yet to source a lender, we have a number of experienced Financial Advisors who will be happy to help.
Offer Check Procedure If you are considering making an offer for this or any other property Bernards Estate Agents are marketing, please make contact with your local office so we can verify/check your financial/Mortgage situation.
Conveyancing Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution.
The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid.
A local, established and experienced conveyance will safeguard your interests and get the job done in a timely manner.
Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.
Anti-Money Laundering Bernards Estate Agents have a legal obligation to complete anti-money laundering checks. The aml check should be completed in branch.
Please call the office to book an aml check if you would like to make an offer on this property. Please note the aml check includes taking a copy of the two forms of identification for each purchaser.
A proof of address and proof of name document is required. Please note we cannot put forward an offer without the aml check being completed
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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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 31 Cornerstone House, 120 London Road, Portsmouth
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