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Devonshire Avenue, Southsea

South East

£320,000
Listed on 21/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1446 sqft

Description

Nestled in a sought-after area of Southsea, this substantial three-bedroom property on Devonshire Avenue presents an exciting opportunity for those looking to invest in a home with renovation potential. While it requires some modernisation, the property’s existing layout and architectural features offer a solid foundation for creating a personal and stylish living space. The ground floor welcomes you with a spacious living room distinguished by its large bay window and charming feature fireplace, providing an inviting atmosphere. Adjacent to this is a second reception room, currently utilized as a formal dining area. The fitted kitchen is generously sized and flows into a separate utility area, along with the added convenience of a downstairs W.C. Venturing upstairs reveals three well-proportioned bedrooms, each equipped with built-in wardrobes, alongside a fitted bathroom and an additional separate W.C. The hallway leads down to a versatile basement area that is currently set up as a cozy sitting room but holds great potential for conversion into an office, playroom, or extra reception space. Outside, the enclosed south-facing garden offers ample sunlight and presents opportunities for landscaping or gardening enthusiasts to create their ideal outdoor retreat. This property is offered without any forward chain and stands out as an exceptional chance to customize and enhance a character-rich home in this prime location. With its strong investment appeal and renovation possibilities, it invites buyers eager to infuse their vision into its future.

Investment Analysis

(PO4 area)

Below Market Value

This property is priced -27.9% below area average per sq ft

-27.9%
Potential saving
This Property
£221/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£388
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£488,155
10% above area average per sq ft
Potential ROI
+31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PO4)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 0.3%
5 year growth: 17.5%
Investment Disclaimer: Analysis based on PO4 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

Devonshire Avenue, Southsea
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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
£1,172
Based on a loan of £240,000 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