Situated in the vibrant area of Southsea, this Edwardian terraced house boasts five spacious bedrooms and presents a compelling opportunity for both investors and prospective homeowners. Currently operating as a licensed House in Multiple Occupation (HMO), it generates an impressive annual income of £31,500, reflecting a strong yield of around 9%. The property is well-suited for those aiming to enhance their rental portfolio or seeking a home with significant renovation potential.
The layout includes five generously sized bedrooms, one of which features its own en suite shower room. A communal lounge area and fitted kitchen complement the downstairs bathroom, creating an ideal setup for shared living arrangements. Additionally, there is a small private courtyard at the rear with convenient access for everyday tasks.
While fully functional and currently tenanted, the house would greatly benefit from modernisation efforts. This makes it an excellent prospect for buyers interested in cosmetic improvements to increase value. The property's overall structure is favorable for transformation back into a lovely family residence in the future. With charming period features that set the stage for stylish renovations, it offers an attractive blank canvas.
Offered freehold with no onward chain, this property holds significant appeal for those looking to invest or relocate without lengthy delays. The option for vacant possession adds another layer of flexibility, making it suitable whether you're focused on investment or personal use.
This versatile property in a prime location represents a rare find—don’t hesitate to explore its potential further.
