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 work2-bedroom flat · PO5 3JS
Sold STCReduced £10k (−5.6%) on 25 OctListed 226 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**999 YEAR LEASE EXTENSION IN PROGRESS**SHARE OF FREEHOLD**GREAT LOCATION**NO FORWARD CHAIN**Situated within a charming period building, this two-bedroom split-level second-floor apartment is located on Ashburton Road in the heart of Southsea.
The property benefits from high ceilings throughout, enhancing the sense of space and character typical of this era.
Upon entry, a generous entrance hall provides a welcoming first impression and includes built-in shelving, ideal for additional storage.
The reception room is a standout feature, boasting a bay window allowing an abundance of natural light into the space, creating a bright and airy living environment.
The accommodation includes a modern, mostly tiled bathroom, fitted with a shower over bath, wash basin, WC, heated towel rail and a window for natural ventilation.
There is a good-sized double bedroom along with a smaller second bedroom, that would be a great guest room, home office or walk-in wardrobe!
Set on the lower split level is the kitchen, offering a pleasant outlook, the sink positioned beneath the window, a range of wall and base units, and space for freestanding appliances.
The property is serviced by a Logic combination boiler, installed in September 2019, located within the kitchen. Externally, residents have access to a communal garden.
The property is sold with a 1/4 share of the freehold, and a 999-year lease extension is currently in progress, offering long-term security and peace of mind.
The location is a particular highlight, with Southsea Common and the seafront just a short walk away, along with the vibrant Palmerston Road shopping precinct, offering a wide range of shops, cafés, restaurants and bars.
This prime setting combines coastal living with excellent local amenities right on your doorstep.
This apartment would make an excellent purchase for first-time buyers, downsizers or investors alike, all within a sought-after central Southsea location. Please contact us to arrange your viewing!
All information provided in this listing has been supplied by the vendor. While we make every effort to ensure accuracy, we have not carried out any checks or tests to verify the details.
Prospective buyers are advised to conduct their own investigations and satisfy themselves as to the accuracy of the information before making any commitment.
As part of the property purchase process, Anti-Money Laundering (AML) checks are required to comply with legal regulations.
To complete these checks, we will need the buyer to provide proof of identity (such as a passport or driving license) and proof of address (such as a recent utility bill or bank statement).
These documents are necessary to ensure the transaction can proceed smoothly and in line with regulatory requirements.
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 Ashburton Road, Southsea
Explore nearby