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Lichfield Road, Portsmouth, PO3 - Image 1
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Lichfield Road, Portsmouth, PO3

South East

£300,000
Listed on 16/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
947 sqft

Description

This three-bedroom family home presents a notable opportunity for renovation and investment, particularly with existing planning permission for a loft room that would enhance its living space significantly. As you step inside, a bright hallway welcomes you, complete with practical understairs storage. The spacious living room features a classic fireplace and high ceilings, complemented by a bay window that invites plenty of natural light. Adjacent to the living area, the separate dining room offers generous space for gatherings and seamlessly connects to a sunroom. This versatile space currently serves as storage but holds great potential to become an inviting sitting area or playroom, providing pleasant views of the garden. The kitchen is well-equipped with ample room for appliances and includes the convenience of a downstairs WC. The upper floor consists of two sizable double bedrooms; the primary bedroom showcases a delightful bay window and both rooms benefit from substantial storage options. A third bedroom is suitable for various uses, whether as a child’s room, guest accommodation, or home office. The family bathroom includes a shower over the bath for practicality. Outside, the rear garden is enclosed and primarily laid to lawn, featuring a paved terrace and additional seating area at the far end—ideal for outdoor relaxing or entertaining. The property is conveniently located near Tamworth Park and Milton Common, alongside direct transport links that enhance accessibility. While it may require some modernization, this home offers significant potential for buyers looking to personalize their space and maximize its value over time. Material Information: - Tenure: Freehold - Council Tax: Band C - Electricity: Mains Supply - Heating: Gas Supply - Water Supply: Mains supply - Sewage: Mains Supply - Broadband: Options include standard, Superfast and Ultrafast Fibre available in the area - Parking: Off Street Parking - Mobile Coverage: EE, Vodafone, O2 and Three are available according to Ofcom checker - Flood Risk: Low risk EPC Rating: C

Investment Analysis

(PO3 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£317/sq ft
Area Average
£295/sq ft
Avg Rent (weekly)
£294
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£306,937
10% above area average per sq ft
Potential ROI
-9.7%
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
30%
Properties sold annually

Local Market Trend (PO3)

Area prices are rising by +2.2% over the last 12 months
3 year growth: 7.5%
5 year growth: 21.3%
Investment Disclaimer: Analysis based on PO3 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

Lichfield Road, Portsmouth, PO3
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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
£1,099
Based on a loan of £225,000 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