Worst House on the Street Logo
Festing Road, Southsea PO4 - Image 1
Festing Road, Southsea PO4 - Image 2
Festing Road, Southsea PO4 - Image 3
Festing Road, Southsea PO4 - Image 4
Festing Road, Southsea PO4 - Image 5
Festing Road, Southsea PO4 - Image 6
Festing Road, Southsea PO4 - Image 7
Festing Road, Southsea PO4 - Image 8
Festing Road, Southsea PO4 - Image 9
Festing Road, Southsea PO4 - Image 10

Festing Road, Southsea PO4

South East

£500,000

Listed on 04/07/2026

Property details

Bedrooms
5
Type
Block Of Flats

Description

Presenting an investment opportunity featuring four residential flats within a block of eight, located in the desirable area of Festing Road. This prime location is just a short stroll from Canoe Lake, the Southsea Seafront, and the bustling Albert Road. The portfolio includes three one-bedroom apartments and one two-bedroom apartment, with the potential to convert the one-bedroom units into two-bedroom layouts, enhancing their market value. While these flats are currently tenanted, providing immediate rental income, they do require modernisation to maximise their appeal and return on investment. Additionally, since the owner holds the freehold, there exists an option to acquire this along with the flats. Please note that images provided represent only one unit as comprehensive photos of all flats are not available at this time.

Investment analysis

(PO4 area)
Area Average
£305/sq ft
Avg Rent (weekly)
£357
Avg Yield
6.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PO4)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -1.1%
5 year growth: +15.4%
Investment Disclaimer: Analysis based on PO4 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

Festing Road, Southsea PO4
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 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

Price History

-9.1% since listed
£500,000£50,000(-9.1%)
06/11/2025
Current price
£550,000Initial listing
13/10/2025

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.