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New Road, Portsmouth

South East

£425,000

Listed on 15/06/2026

Property Details

Bedrooms
N/A
Type
Distribution Warehouse
Area
1196 sqft

Description

Situated in Portsmouth, this property presents a distinctive opportunity that blends residential living with commercial potential. The three-bedroom semi-detached house is in need of significant refurbishment, providing ample scope for enhancement and value appreciation. Adjacent to the home is a generous commercial yard, previously utilized as a removals depot and adaptable for various business ventures. This site holds promise for both owner-occupiers and investors looking to establish a business while enjoying the comfort of residential accommodation right at their doorstep. An advantageous investment awaits those willing to take on the refurbishment challenge.

Investment Analysis

(PO2 area)

Above Market Value

This property is priced +40.9% above area average per sq ft

+40.9%
This Property
£355/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£331,729
10% above area average per sq ft
Potential ROI
-36.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PO2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -1.9%
5 year growth: +16.0%
Investment Disclaimer: Analysis based on PO2 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

New Road, Portsmouth
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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
£1,606
Based on a loan of £318,750 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

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

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