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St. Thomas's Street, Old Portsmouth, Hampshire, PO1 - Image 1
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St. Thomas's Street, Old Portsmouth, Hampshire, PO1

South East

£550,000

Listed on 28/05/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1139 sqft

Description

Clare House is a Grade II Listed townhouse nestled in the historic conservation area of Old Portsmouth, just a stone's throw from prominent landmarks like Portsmouth Cathedral and the Royal Garrison Church. This property presents a genuine opportunity for those looking to invest in a piece of local heritage while crafting a personalized living space. Boasting approximately 1,213 sq ft over five floors, Clare House offers spacious accommodation that currently requires a thoughtful renovation and redecoration to unlock its full potential. The existing layout features basement areas with limited head height, a fitted kitchen, sitting room, utility space, and three to four bedrooms alongside additional storerooms. A small rear courtyard adds to its charm. With no forward chain, this home is ideal for buyers motivated to create a unique coastal residence reflective of their tastes. Old Portsmouth is characterized by its rich history and vibrant community life, with nearby attractions including traditional pubs, restaurants, and scenic waterfront locales. The cultural amenities of Gunwharf Quays are also conveniently accessible, complemented by excellent transport links to London and the surrounding South Coast. Viewing this property is essential to truly appreciate its distinctive character and substantial renovation potential.

Investment Analysis

(PO1 area)

Above Market Value

This property is priced +52.5% above area average per sq ft

+52.5%
This Property
£483/sq ft
Area Average
£317/sq ft
Avg Rent (weekly)
£311
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£396,605
10% above area average per sq ft
Potential ROI
-35.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PO1)

Area prices are falling by -2.8% over the last 12 months
3 year growth: -2.1%
5 year growth: +13.9%
Investment Disclaimer: Analysis based on PO1 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

St. Thomas's Street, Old Portsmouth, Hampshire, PO1
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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
£1,962
Based on a loan of £412,500 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.

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