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Locksway Road, Southsea

South East

£150,000

Listed on 18/05/2026

Property Details

Bedrooms
4
Type
Shop
Area
1166 sqft

Description

This property represents a compelling opportunity for savvy investors or developers seeking to unlock significant potential in a versatile commercial space. Previously utilized as office space for over three decades, it carries a B1 classification but offers the flexibility for various redevelopment options, pending necessary planning approvals. Possibilities include converting the existing structure into a spacious family home with three bedrooms or developing two one-bedroom flats. Another exciting avenue could be creating a mixed-use development that features commercial space on the ground floor and residential accommodation above. The property benefits from valuable rear access, enhancing its practicality for any transformation. Located in a well-connected area, this property is ripe for redevelopment, making it an attractive proposition for those looking to capitalize on its inherent value.

Investment Analysis

(PO4 area)

Below Market Value

This property is priced -58.4% below area average per sq ft

-58.4%
Potential saving
This Property
£129/sq ft
Area Average
£309/sq ft
Avg Rent (weekly)
£339
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£396,644
10% above area average per sq ft
Potential ROI
+58.7%
After renovation
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
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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
£535
Based on a loan of £112,500 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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