Great Southsea Street, Southsea
South East
£975,000
Listed on 21/10/2026
Listed on 21/10/2026
The listing
Property details
Bedrooms
8Type
PlotDescription
The former Carter & Co restaurant and public house is offered with planning consent for conversion into two four-bedroom townhouses. The proposed scheme retains the building's established street presence while creating residential accommodation over several floors. Planning information and details of the proposed layouts are available from NEXA Properties, Southsea.
Adjoining land is available separately and is described as having potential for a further two four-bedroom townhouses. The consented conversion and optional additional site may be considered separately. Buyers should review the planning documents and establish the scope, conditions and implementation requirements before proceeding. An AML administration charge of £50 plus VAT per person or check applies to prospective buyers.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
44out of 100
Grade ELow opportunity
Confidence: LOW
This is a distinctive conversion opportunity: the prominent former pub has planning consent for two substantial four-bedroom townhouses, and the proposed plans give a clear starting point for the project. Its street-facing frontage appears generally intact, with decorative brickwork and rendered details. The adjoining land is offered separately and may provide scope for a further two homes, subject to verifying ownership, planning and feasibility.
The overall WHOTS score is 44/100 (Grade E), reflecting limited condition and economics data rather than a confirmed poor-value price. Floor area is missing, so value against local £/sq ft cannot yet be judged; there are also no interior photos or numeric renovation estimate to assess the works. Verify the consent and its conditions, and investigate the roof, rear elevations and concealed fabric before committing.
Key opportunities
- Progress the consented conversion into two substantial four-bedroom townhouses, with the proposed plans providing a clear concept.
- Retain and make the most of the building’s prominent frontage and decorative brickwork in the conversion.
- Explore the separately available adjoining land as a possible route to two further townhouses, subject to verification.
Key risks
- The consent, conditions and feasibility of the proposed conversion require verification.
- Roof, rear elevations and concealed building fabric are not evidenced in the available photos.
- Without floor area, interior photos or a renovation range, value and project economics remain difficult to assess.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£3,683
Based on a loan of £731,250 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.
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