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Victoria Road South, Southsea, Portsmouth, PO5 - Image 8

Victoria Road South, Southsea, Portsmouth, PO5

South East

£150,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
557 sqft

Description

Nestled in the vibrant area of Central Southsea, this two-bedroom apartment presents a compelling opportunity for those looking to invest or renovate. Situated within a well-kept building, the property enjoys proximity to an array of shops, cafés, and the picturesque seafront, making it an appealing location for potential tenants or homeowners alike. The apartment features an open-plan kitchen and living area that provides ample space for everyday living. While currently functional, there's significant scope for modernization—an ideal chance for new owners to infuse their own style and preferences into the design. Both bedrooms benefit from generous proportions and plentiful natural light, enhancing the overall appeal of the living space. The practical layout allows flexibility in configuration, making it easy to adapt the apartment to suit various needs—whether that be for personal use or maximizing rental yield. This property stands out as an attractive option for first-time buyers seeking a project or investors aiming to capitalize on its renovation potential in one of Southsea's most desirable neighborhoods. With a remaining lease of just over 101 years, this offering is worthy of consideration for anyone looking to make the most of its investment possibilities.

Investment Analysis

(PO5 area)

Below Market Value

This property is priced -12.9% below area average per sq ft

-12.9%
Potential saving
This Property
£269/sq ft
Area Average
£309/sq ft
Avg Rent (weekly)
£368
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£189,386
10% above area average per sq ft
Potential ROI
+5.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PO5)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -9.2%
5 year growth: 5.8%
Investment Disclaimer: Analysis based on PO5 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

Victoria Road South, Southsea, Portsmouth, PO5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE