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Mulberry Lane, Portsmouth

South East

£525,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1439 sqft

Description

Situated in the appealing area of Mulberry Lane, Portsmouth, this three-bedroom detached house offers a chance to craft a personalized living space with significant renovation potential. The property features two ample reception rooms, ideal for both family gatherings and entertaining guests. Each of the well-sized bedrooms is designed for comfort, complemented by a conveniently positioned bathroom. <br><br>The sizable garden provides an excellent outdoor area for leisure or gardening enthusiasts, while the inclusion of a garage and off-road parking for two vehicles enhances practicality.<br><br>Although the property requires modernization throughout, it presents an inviting blank slate for those eager to transform it into their ideal home. With no onward chain, prospective buyers can immediately begin renovation plans without delay. This residence is well-suited for families or investors seeking to make their mark in a desirable location.

Investment Analysis

(PO6 area)

Above Market Value

This property is priced +14.7% above area average per sq ft

+14.7%
This Property
£365/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£311
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£503,362
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PO6)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -0.6%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on PO6 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

Mulberry Lane, Portsmouth
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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
£1,923
Based on a loan of £393,750 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