Craneswater Park, Southsea
South East
£259,950
Listed on 11/09/2026
Listed on 11/09/2026
The listing
Property details
Bedrooms
2Type
ApartmentArea
762 sqftFeatures
- Garage
- Parking
Description
This two-bedroom fourth-floor apartment at Amersham Court has a dual-aspect lounge and dining area with a bay window, overlooking Canoe Lake and towards The Solent. The accommodation also includes a separate kitchen, two double bedrooms with fitted wardrobes, a shower room and an entrance hall with storage cupboards. The building has lift access, and the apartment comes with a private garage and access to visitor parking and communal grounds. Canoe Lake and Southsea seafront are nearby. The property would benefit from modernisation, offering scope to update the interiors. The lease is stated to have 136 years remaining, with a service charge of approximately £500 per quarter; the exact charge should be confirmed.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
41out of 100
Grade ELow opportunity
Confidence: MEDIUM
The standout is the setting: this elevated fourth-floor flat has a bright dual-aspect lounge with bay windows and views over Canoe Lake towards the Solent, alongside two double bedrooms, a private garage, lift access and maintained communal grounds. The interior looks liveable but dated, so a cosmetic refresh offers scope to update the décor and flooring and put a personal stamp on the home.
At £259,950, it is priced above the local average per square foot rather than at a discount. The asking price, together with even a modest-to-substantial programme of improvements, leaves the overall outlay stretched against local benchmarks for a flat of this size; that comparison is with current local values, not a forecast of post-renovation value. The location and outlook are appealing, but the numbers make this a limited-value project.
Key opportunities
- Make the dual-aspect lounge and bay windows the centrepiece, refreshing the dated décor and flooring to better showcase the Canoe Lake and Solent outlook.
- Update the older interior finishes with a light cosmetic programme while retaining the flat’s generous room proportions and fitted storage.
- The private garage, lift access and maintained communal grounds add practical appeal to the coastal setting.
Key risks
- The asking price is already above the local £/sqf average, and adding the improvement programme leaves the overall cost stretched against local benchmarks for this floor area.
- Budget carefully — economics look thin with the asking price plus a meaningful modernisation spend, about 15% ahead of typical local benchmarks for this size. Finished value after works is not modelled here.
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Transport
Nearest stations
Fratton Rail Station
0.9 miles
Train · Fratton
Southsea Hoverport
1.2 miles
Train · Southsea
Portsmouth & Southsea Rail Station
1.4 miles
Train · Portsmouth
Portsmouth Harbour Rail Station
1.8 miles
Train · Portsmouth
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£1,062
Based on a loan of £194,962 over 30 years at 5.13% 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.
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