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Parsons Close, Portsmouth, Hampshire

South East

£170,000

Listed on 15/07/2026

Property details

Bedrooms
3
Type
Apartment
Area
753 sqft

Description

This generous three-bedroom apartment presents a compelling renovation opportunity, ideally suited for both first-time buyers and investors. Situated conveniently with easy access to the M27 motorway and Hilsea railway station, this property combines location with potential. The layout includes an entrance hall, a bathroom, and three spacious bedrooms, along with an open-plan kitchen, dining, and living area that can be transformed into a modern living space. While some modernization is needed, the investment potential is notable in this sought-after area.

Investment analysis

(PO3 area)

Below Market Value

This property is priced -23.0% below area average per sq ft

-23.0%
Potential saving
This Property
£226/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£301
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£242,982
10% above area average per sq ft
Potential ROI
+24.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PO3)

Area prices are rising by +2.7% over the last 12 months
3 year growth: +3.9%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on PO3 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

Parsons Close, Portsmouth, Hampshire
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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
£642
Based on a loan of £127,500 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

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