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Velder Avenue, Southsea

South East

£190,000

Listed on 05/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
915 sqft

Description

This mid-terrace, three-bedroom home in Milton Avenue offers a unique investment opportunity for those interested in property renovation. With a generous footprint of approximately 915 square feet, the house features two separate reception areas—a lounge to the front and a central dining room adjacent to the kitchen, which leads into a lean-to conservatory. Upstairs, three good-sized bedrooms await along with a first-floor bathroom that adds convenience for family living. The property is currently vacant and boasts gas central heating and primarily double glazing, while the south-facing rear garden enhances its appeal by providing an inviting outdoor space with potential for landscaping or extension work. Although this home requires comprehensive refurbishment to modernize and bring it up to current standards, it presents an ideal blank canvas for developers or first-time buyers looking to create something special. Located near Milton Common with excellent access to the M27, this property holds strong potential for both personal residence or rental investment in a vibrant community.

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Investment analysis

(PO4 area)

Below Market Value

This property is priced -31.9% below area average per sq ft

-31.9%
Potential saving
This Property
£208/sq ft
Area Average
£305/sq ft
Avg Rent (weekly)
£357
Avg Yield
6.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£306,983
10% above area average per sq ft
Potential ROI
+27.9%
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
11%
Properties sold annually

Local Market Trend (PO4)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -1.1%
5 year growth: +15.4%
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

Velder Avenue, Southsea
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 over 30 years at 4.45% 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

Next Steps

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