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Investment Opportunity

South East

£500,000

Listed on 17/06/2026

Property Details

Bedrooms
5
Type
Block Of Apartments

Description

This property presents a unique investment opportunity with four flats housed within an eight-unit block. Located in the desirable area of Festing Road, residents will enjoy proximity to Canoe Lake, Southsea Seafront, and the vibrant scene along Albert Road. The portfolio includes three one-bedroom apartments that offer the potential for conversion into two-bedroom units, thereby enhancing rental value. Additionally, there is one two-bedroom apartment. All units currently have tenants in place, providing immediate rental income. However, they would greatly benefit from modernisation to maximise their appeal and value. Furthermore, the owner has control over the freehold, presenting an avenue for additional investment by acquiring it as part of the transaction.

Investment Analysis

(PO4 area)
Area Average
£304/sq ft
Avg Rent (weekly)
£368
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PO4)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -0.2%
5 year growth: +16.1%
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

Investment Opportunity
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-9.1% since listed
£500,000£50,000(-9.1%)
06/11/2025
Current price
£550,000Initial listing
03/10/2025

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