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Jessie Road, Southsea

South East

£210,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
807 sqft

Description

This two-bedroom bay and forecourt home presents a compelling opportunity for renovation and customization in a sought-after neighborhood near Fratton Train Station. The property is ideally situated within a residential area that benefits from easy access to transportation links, making it attractive for potential tenants or future buyers. As you enter, you're welcomed by an entrance hall that leads to two distinct reception rooms, providing a versatile layout for living and dining spaces. The ground floor features a fitted kitchen with ample space for essential appliances, along with a bathroom suite that includes both a shower cubicle and a panel-enclosed bath. Throughout the main living areas, period details such as ceiling roses hint at the property's character, awaiting your vision to revitalize it. The first floor hosts two generously sized double bedrooms, each offering windows that frame views of the surrounding area. These spaces can be transformed into comfortable retreats with modern updates tailored to personal tastes. At the rear of the home, a low-maintenance garden offers potential for outdoor enhancement or landscaping while being fully enclosed for privacy. Given its current state requiring modernization, this property provides an investor or homeowner with the perfect blank canvas to create significant value through thoughtful renovations. With no onward chain, this residence is ready for a buyer eager to explore its investment potential in a vibrant community setting. Whether you're looking to make it your own or add to your portfolio, this property is poised to deliver with an eye toward improvement.

Investment Analysis

(PO4 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£260/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
£272,435
10% above area average per sq ft
Potential ROI
+13.5%
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

Jessie Road, Southsea
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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
£769
Based on a loan of £157,500 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