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London Road, Portsmouth

South East

£900,000
Listed on 15/07/2025

Property Details

Bedrooms
7
Type
Residential Development

Description

This property presents a significant opportunity for investors or developers, situated prominently on a corner plot in Portsmouth's London Road. The site benefits from multiple off-street parking options, including a double garage and an additional tandem garage, along with space for several vehicles accessed via private gates on Shadwell Road. Currently configured as a mixed-use property, the ground floor features a kitchen, living room, conservatory, dining room, and two auxiliary rooms linked to the commercial space at the front. The upper level accommodates seven bedrooms and a family bathroom. With the potential to convert into flats or explore new building options atop the existing garages (subject to planning permission), this property is ripe for development amidst growing demand in the area.

Investment Analysis

(PO2 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£262
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PO2)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -1.3%
5 year growth: +18.5%
Investment Disclaimer: Analysis based on PO2 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

London Road, Portsmouth
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,188
Based on a loan of £675,000 over 30 years at 3.91% 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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