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Lichfield Road, Portsmouth, PO3

South East

£300,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
947 sqft

Description

This pleasant three-bedroom home presents a significant opportunity for those looking to invest in a property with potential for enhancement. With existing planning permission for a loft conversion, you have the chance to expand your living space significantly. Upon entry, a bright hallway greets you, featuring useful understairs storage and leading into a spacious living room characterized by its feature fireplace, lofty ceilings, and a bay window that bathes the area in natural light. The separate dining room is well-sized for gatherings and flows seamlessly into the sunroom, which offers delightful garden views—ideal for relaxation or entertaining. The kitchen is functional with ample room for appliances and includes a practical downstairs WC. Currently serving as storage, the sunroom could easily be reimagined as an additional sitting area or playroom, maximizing your garden outlook. Upstairs are two generous double bedrooms, with the master bedroom enjoying another bay window and excellent storage options. The third bedroom is perfect as a child's room, guest accommodation, or home office. The family bathroom is equipped with a shower over the bath for convenience. Externally, the rear garden is enclosed and predominantly laid to lawn, featuring both a paved terrace and additional paved space at the far end—ideal for outdoor seating arrangements or a shed. Located near Tamworth Park and Milton Common with strong transport links, this property requires some modernisation efforts but holds great potential for creating a personalized family haven.

Investment Analysis

(PO3 area)

Above Market Value

This property is priced +10.6% above area average per sq ft

+10.6%
This Property
£317/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£272
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£298,447
10% above area average per sq ft
Potential ROI
-12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (PO3)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +7.2%
5 year growth: +20.0%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% 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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