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Pains Lodge, Pains Road, Southsea PO5 1AS - Image 1
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Pains Lodge, Pains Road, Southsea PO5 1AS

South East

£129,500

Listed on 05/11/2026

The listing

Property details

Bedrooms
2
Type
Flat
Area
667 sqft

Description

This two-bedroom ground-floor apartment is set within a purpose-built development of three homes, around half a mile from Southsea town centre and Portsmouth University's main campus. It has its own private entrance, a south-facing aspect, double glazing and electric heating. The accommodation comprises a living room, separate fitted kitchen, inner hall with storage, bathroom and two bedrooms. A walled forecourt sits at the front of the building. The flat is available with no onward chain and has previously been let. The listing describes its overall presentation as fair and suggests that some modest updating may be worthwhile. The kitchen includes fitted cupboards, an electric oven and ceramic hob, while the bathroom has a bath with shower. The lease is stated as having 103 years remaining, with an annual service charge of £800 and ground rent of £1. The seller intends to transfer the building's freehold to the three leaseholders after completion of the sale of this flat. Local amenities, public transport, shops, schools, Gunwharf Quays and historic Old Portsmouth are within reach. The listing also refers to a projected rent of £1,000 per month; this figure is an agent estimate and should be independently checked.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

75out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £129,500, this two-bedroom flat is a notably cheap opportunity to acquire: its £194 per sq ft is 38.6% below the local average. It has a private entrance, a small walled forecourt and a bright southerly aspect, with the rooms shown appearing usable and generally maintained.

The project is light: older carpets, décor and kitchen and bathroom finishes offer scope for a cosmetic refresh rather than a major overhaul. Its position within reach of Southsea town centre and the university adds practical appeal, while the overall opportunity is supported by the strong value and economics scores.

Key opportunities

  • Acquire at a notably below-average local price per square foot, creating a strong value starting point.
  • Refresh the older décor and carpets to give the usable rooms a more current feel.
  • Make the most of the private entrance, walled forecourt and southerly aspect in the presentation.

Key risks

None recorded.

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Map

Location

Pains Lodge, Pains Road, Southsea PO5 1AS
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Transport

Nearest stations

  • Portsmouth & Southsea Rail Station

    0.5 miles

    Train · Portsmouth

  • Fratton Rail Station

    0.5 miles

    Train · Fratton

  • Southsea Hoverport

    0.8 miles

    Train · Southsea

  • Portsmouth Harbour Rail Station

    1.0 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
£529
Based on a loan of £97,125 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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