1-bedroom flat · PO5 2AB
Sold STCListed 89 days
Opportunity summary
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About
1 BEDROOM GARDEN APARTMENT WHICH HAS JUST BEEN RE-DECORATED AND FITTED WITH A NEW KITCHEN.
The accommodation comprises a double bedroom, good size lounge, shower room, small study/storage room, new fitted kitchen.
Other benefits include double glazing, gas central heating, own private entrance, enclosed 27' X 26' rear garden with side pedestrian access, no chain and offered with a remaining lease term of approximately 148 years.
Conveniently located close to Albert Road, Palmerston Road, Waitrose, Southsea seafront, bars, restaurants, cafes, coffee shops, bus routes, mainline train stations and Gunwharf Quays.
Entrance Hall - 2.51m x 2.64m max (8'3 x 8'8 max) - Double glazed door to side, laminate flooring, radiator.
Small Study/Storage Room - 2.06m x 1.14m (6'9 x 3'9) - Double glazed window to side, laminate flooring.
Lounge - 4.88m into bay x 4.50m (16' into bay x 14'9) - Newly fitted double glazed bay window to front, feature fireplace, laminate flooring, radiator.
Kitchen - 3.38m x 2.03m (11'1 x 6'8) - Newly fitted kitchen with a single drainer stainless steel sink unit with range of wall and base cupboards with work surfaces over, electric cooker point, space for fridge/freezer, plumbing for washing machine, part tiled walls, laminate flooring, double glazed window to rear, cupboard housing Potterton gas boiler, double glazed door to side leading to garden.
Bedroom - 4.50m x 2.97m (14'9 x 9'9) - Double glazed window to rear, new fitted carpet, radiator.
Shower Room - 3.10m x 0.74m (10'2 x 2'5) - Shower cubicle with Triton electric shower, wash hand basin, WC, double glazed window to rear, vinyl flooring, radiator.
Garden - 8.23m x 7.92m' (27' x 26'') - Enclosed rear garden with wall and fenced boundaries, crazy paved area, lawn, gate to side allowing pedestrian access.
Additional Information - Tenure - Leasehold Length of Lease - 148 Years remaining approximately Service Charge - £408pa - Includes buildings insurance Ground Rent - £0 The information provided about this property does not constitute or form part of an offer or contract, nor may it be used as a representation.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply they have been tested.
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 Albany Road, Southsea
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