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New Road East, Portsmouth

South East

£230,000
Listed on 29/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1031 sqft

Description

This mid-terraced property presents a significant opportunity for renovation and investment. Comprising two spacious double bedrooms, the home includes two reception rooms, a kitchen/diner, an upstairs bathroom, and a convenient downstairs WC. While the interiors could benefit from modern updates, this provides a perfect canvas for creating a personalized and contemporary living space. Located in a desirable area, the property offers easy access to local amenities and public transport options, enhancing both convenience and potential rental appeal. The absence of an onward chain simplifies the purchasing process, making it an attractive option for first-time buyers or seasoned investors looking to capitalize on the area's growth. The generous layout features a bright lounge and dining room that can be reimagined according to your design preferences. The expansive kitchen/diner area lends itself to improvement, providing ample space for modern fittings and social gatherings. The outdoor garden area also presents opportunities for landscaping or outdoor entertaining. With its solid structure and potential for value addition through renovations, this property stands out as an ideal investment prospect in a sought-after location. Whether you're looking to establish a home or add to your portfolio, this property is worth considering.

Investment Analysis

(PO2 area)

Below Market Value

This property is priced -11.7% below area average per sq ft

-11.7%
Potential saving
This Property
£223/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£272
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £35,000
Target Value
£286,417
10% above area average per sq ft
Potential ROI
+8.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PO2)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -1.2%
5 year growth: 19.0%
Investment Disclaimer: Analysis based on PO2 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

New Road East, 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
£843
Based on a loan of £172,500 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