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Esslemont Road, Southsea, PO4

South East

£200,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
667 sqft

Description

This two-bedroom terraced house presents an intriguing opportunity for those looking to invest or embark on a renovation project. With vacant possession and no onward chain, the property is currently unoccupied, allowing for immediate access and flexibility in planning enhancements. Inside, the home features two spacious double bedrooms, providing a comfortable living space that can be tailored to individual tastes. The layout is practical, accommodating various design options that could enhance both functionality and aesthetics. While the interior would benefit from modernization, this aspect allows prospective buyers to put their personal stamp on the property, potentially increasing its value significantly. The rear garden offers additional potential; it's a blank slate for outdoor improvements or simply an inviting space for relaxation. This area not only enhances the property’s charm but also adds value through landscaping or development opportunities in line with local guidelines. Located conveniently near essential amenities including shops, schools, and transport links, this home balances comfort with accessibility. Its position within a desirable neighborhood makes it attractive for both first-time buyers seeking a project and investors looking to capitalize on future growth trends. In essence, this property stands as a rare find due to its favorable combination of location and renovation potential. Given its demand in the current market, early viewing is recommended to fully appreciate what this house has to offer.

Investment Analysis

(PO4 area)

Below Market Value

This property is priced -2.3% below area average per sq ft

-2.3%
Potential saving
This Property
£300/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£388
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£225,173
10% above area average per sq ft
Potential ROI
-2.1%
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

Esslemont Road, Southsea, PO4
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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
£733
Based on a loan of £150,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE