2-bedroom flat · PO4 8EW
Let agreedListed 20 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO BEDROOM APARTMENT | AVAILABLE FROM 12TH NOVEMBER Cosgroves are delighted to offer this well-presented, two double bedroom apartment in the heart of Southsea, located approximately two miles east of Portsmouth city centre and within walking distance of Fratton railway station.
The apartment benefits from neutral décor and cream carpets throughout. The modern kitchen is fully equipped with integrated appliances, including a dishwasher, washer-dryer and tall fridge-freezer.
The spacious principal bedroom features an en-suite shower room with a large walk-in shower, while a separate family bathroom serves the second double bedroom.
The bright and airy lounge opens onto a private balcony, providing an ideal space to relax. Further benefits include allocated off-road parking and lift access to all floors.
Please note: Hot water, fresh water, and wastewater charges are billed separately through the landlord's service charge and are payable in addition to the rent at £150.00 per month.
MATERIAL INFORMATION - Price - £1200 per month - Holding Deposit - One Weeks Rent - £253.84 - Security Deposit - Five Weeks Rent - £1380.00 - Minimum income required - £35,000PA - Tenure - Leasehold - Restrictions - Subject To Lease and Covenants - Council tax band - Band B - Energy Performance Certificate - Rating B - Broadband/Mobile Supply Check: Please use the Ofcom website - Parking- ONE PARKING SPACE - Flooding - Refer to (GOV.UK (check-long-term-flood-risk.service.gov.uk)
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
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FAQ
About Horizon buildings, Goldsmith Avenue , Southsea Hampshire
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