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The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 1
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 2
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 3
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 4
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 5
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 6
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 7
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 8
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 9
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 10
The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2 - Image 11

The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2

South East

£240,000

Listed on 13/07/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
879 sqft

Description

This property presents a compelling opportunity for first-time buyers and investors alike, featuring a well-thought-out layout that maximizes space and functionality. The home boasts lofty ceilings and bright, airy rooms, including a spacious living area, a separate kitchen, three ample bedrooms, and a family bathroom. Additionally, there is a ground floor WC and a versatile mezzanine level that could serve as an office or extra storage space. While the interior would benefit from some light modernisation to reflect contemporary tastes, this allows for personalisation and the potential to significantly increase value over time. Conveniently located near schools, transport links, and various local amenities, this property combines functionality with appealing long-term investment prospects.

Investment analysis

(PO2 area)

Above Market Value

This property is priced +8.5% above area average per sq ft

+8.5%
This Property
£273/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£269
Avg Yield
5.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£243,224
10% above area average per sq ft
Potential ROI
-6.5%
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

The Old Warehouse 26 Gladys Avenue, Portsmouth, PO2
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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
£907
Based on a loan of £180,000 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

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