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Lower Farlington Road, Portsmouth - Image 1
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Lower Farlington Road, Portsmouth

South East

£348,000
Listed on 26/01/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
932 sqft

Description

This three-bedroom family home presents an excellent investment opportunity, ideally located to benefit from nearby amenities and within the highly regarded catchment for Solent Infant/Junior and Springfield Senior Schools. While the property requires some updating, it boasts a spacious layout with charming character details that can be enhanced through thoughtful renovations. The accommodation includes a welcoming entrance hallway, a living room featuring a bay window, a dining area, and a fitted kitchen. The upper floor comprises three bedrooms; two of these are generously sized doubles alongside a recently modernised family bathroom. Additionally, the expansive rear garden offers privacy and is predominantly laid to lawn, surrounded by flower and shrub borders. There is also potential for extensions or further development, making this property one to view to fully grasp its potential.

Investment Analysis

(PO6 area)

Above Market Value

This property is priced +17.2% above area average per sq ft

+17.2%
This Property
£373/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£306
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£326,629
10% above area average per sq ft
Potential ROI
-14.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PO6)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -2.9%
5 year growth: +12.3%
Investment Disclaimer: Analysis based on PO6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lower Farlington Road, Portsmouth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,255
Based on a loan of £261,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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