1-bedroom house · PO4 8EZ
Listing removedListed 90 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Forward Chain! This unique one-bedroom end of terrace freehold property presents a fantastic opportunity for first-time buyers, downsizers or investors alike.
Tucked away within a quiet residential cul-de-sac in the popular Milton area, the home also benefits from the huge advantage of an allocated off-road parking space, making this a particularly exciting and rarely available opportunity.
Situated on Melrose Close, the property is approached via a useful entrance porch with built-in storage, leading through to a bright and spacious open-plan kitchen/living area.
This welcoming space provides plenty of room to relax, dine and entertain, while sliding doors open into a side conservatory, creating an additional reception area that enjoys pleasant views over the private rear garden.
Outside, the enclosed L-shaped rear garden offers a low-maintenance outdoor space to enjoy throughout the year and further benefits from convenient side pedestrian access.
The first floor provides a generous double bedroom with a built-in wardrobe and additional storage, together with a fitted bathroom suite.
Combining the advantages of freehold ownership, an allocated off-road parking space, a quiet cul-de-sac location and a property style that is seldom available within the city, this home offers a wonderful opportunity for a wide range of buyers.
Given all that's on offer, we highly recommend an internal viewing to fully appreciate everything this charming home has to offer.
For further information or to arrange a viewing, please contact the Lawson Rose sales office today. EPC Rating: D
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
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FAQ
About 3 Melrose Close, Southsea
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