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Ranelagh Road, Portsmouth

South East

£245,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
House
Area
1117 sqft

Description

This three-bedroom terraced house presents a prime opportunity for those looking to invest in a renovation project that can be tailored to individual tastes. The property encompasses an open-plan living and dining area, offering ample space for both daily living and entertaining guests. The separate galley kitchen is ripe for modernization, allowing for upgrades to create a contemporary culinary space. Out back, the south-facing garden invites possibilities for outdoor relaxation or gardening pursuits throughout the seasons. A significant advantage of this property is its double garage, providing off-road parking and extra storage options or potential workspace. This home requires refurbishment across all areas, making it especially appealing to first-time buyers, investors, or anyone seeking a rewarding restoration project. With the right vision and enhancements, there’s considerable potential to increase its value significantly. Conveniently located near local amenities, reputable schools, transport links, and Portsmouth's lively waterfront attractions, this property offers an excellent foundation to build a wonderful family home.

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Investment analysis

(PO2 area)

Below Market Value

This property is priced -12.8% below area average per sq ft

-12.8%
Potential saving
This Property
£219/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£269
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£309,079
10% above area average per sq ft
Potential ROI
-4.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PO2)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -1.4%
5 year growth: +16.3%
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

Ranelagh 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
£926
Based on a loan of £183,750 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

Next Steps

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