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Morgan Road, Southsea, PO4

South East

£200,000
Listed on 07/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
700 sqft

Description

This two-bedroom terraced house presents a solid opportunity for refurbishment, particularly appealing to those eager to personalize their living space. While the property is currently in need of modern updates, it holds significant potential to become a welcoming and stylish home. Inside, the living area benefits from natural light, creating a spacious feel suitable for both relaxation and entertaining. The kitchen, although functional, serves as a great starting point for a contemporary redesign. Both bedrooms are ample in size, granting versatility and comfort that will suit various lifestyles, from families to young professionals seeking their first home. The property's location is advantageous, with strong transport links for commuters and the nearby Milton Locks Nature Reserve offering a tranquil escape. Additionally, the garden provides an exciting opportunity to craft an outdoor sanctuary, with possible access points enhancing its utility. With essential services readily available and on-street parking options, this property is an enticing investment prospect ripe with possibilities for savvy buyers looking to make an impactful renovation.

Investment Analysis

(PO4 area)

Below Market Value

This property is priced -6.9% below area average per sq ft

-6.9%
Potential saving
This Property
£286/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£388
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£236,313
10% above area average per sq ft
Potential ROI
-1.5%
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

Morgan Road, Southsea, PO4
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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
£733
Based on a loan of £150,000 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