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Locksway Road , Southsea, Hampshire, PO4 8JP - Image 1
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Locksway Road , Southsea, Hampshire, PO4 8JP - Image 3
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Locksway Road , Southsea, Hampshire, PO4 8JP - Image 7
Locksway Road , Southsea, Hampshire, PO4 8JP - Image 8

Locksway Road , Southsea, Hampshire, PO4 8JP

South East

£140,000

Listed on 18/05/2026

Property Details

Bedrooms
4
Type
Commercial Development

Description

This commercial property presents a significant opportunity for investors and developers, with a strong history of operation as office space for over three decades. While it currently holds B1 classification, its versatility offers potential for transformation into various residential or mixed-use formats, subject to planning permissions. Ideas for development include converting the space into a spacious three-bedroom family home, splitting it into two one-bedroom flats, or creating a blend of commercial and residential units with a retail space on the ground floor. The advantageous rear access further enhances its usability and expansion possibilities. Located in a well-connected area, this property is poised to unlock substantial value through refurbishment and innovative redevelopment strategies, making it an attractive option for those looking to invest in a dynamic marketplace.

Investment Analysis

(PO4 area)
Area Average
£309/sq ft
Avg Rent (weekly)
£339
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PO4)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 0.0%
5 year growth: +16.7%
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

Locksway Road , Southsea, Hampshire, PO4 8JP
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£499
Based on a loan of £105,000 over 30 years at 3.97% 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

This calculation uses non-residential (land/commercial) tax rates.

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