2-bedroom flat · PO4 9EE
Sold STCListed 202 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO BEDROOM APARTMENT WITH EXTENDED LEASE!
A second floor apartment which is located within a purpose-built block along Devonshire Avenue, Southsea, just moments walk away from Eastney Road shopping area and Bransbury Park.
Offered to the market with no forward chain, the property requires modernisation throughout and offers a blank canvas for a purchaser.
The accommodation briefly comprises; two bedrooms, shower room with walk-in shower, bright and airy living room and a southerly aspect kitchen.
A real benefit for the property is that the lease will be extended upon completion. Double glazing and electric heating complete the appeal for the property.
Please call the Marmion Road branch to arrange your viewing. COMMUNAL ENTRANCE Security intercom system, stairs to all floors, door to Flat 243. HALLWAY Doors to all rooms.
BEDROOM ONE 9' 11" x 12' 2" (3.03m x 3.71m) Double glazed window to rear elevation. BEDROOM TWO 10' 9" x 8' 11" (3.28m x 2.74m) Double glazed window to front elevation.
SHOWER ROOM 6' 2" x 6' 8" (1.89m x 2.04m) Walk-in shower cubicle with electric shower, low level WC, pedestal mounted wash basin, tiled to principal areas and vinyl flooring.
LIVING ROOM 15' 2" x 11' 7" (4.64m x 3.55m) Double glazed window to side elevation, sliding door to:- KITCHEN 9' 3" x 8' 0" (2.84m x 2.44m) Fitted kitchen comprising a range of wall and base level units incorporating stainless steel sink and drainer units, space and plumbing for washing machine, space for freestanding cooker, cupboard housing hot water cylinder, vinyl flooring, double glazed window to front elevation.
AGENTS NOTE: COUNCIL TAX Band A.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Devonshire Avenue, Southsea
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