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The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 1
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 2
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 3
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 4
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 5
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 6
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 7
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 8
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 9
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 10
The Old Warehouse 26 Gladys Avenue, Portsmouth PO2 - Image 11

The Old Warehouse 26 Gladys Avenue, Portsmouth PO2

South East

£240,000

Listed on 13/07/2026

Property details

Bedrooms
3
Type
End Terrace
Area
879 sqft

Description

This property presents an attractive opportunity for first-time buyers and seasoned investors alike, with significant potential for renovation and value enhancement. The spacious layout includes a bright living room, a separate kitchen, three good-sized bedrooms, a family bathroom, and a convenient ground floor WC. A unique mezzanine level offers versatile options for use as a home office or additional storage space. While the property currently requires some light modernisation to fully realise its potential, it stands out as an excellent canvas for personalisation and improvement over time. Conveniently located near schools, transport links, and local amenities, this home is well-positioned for both comfortable living and long-term appreciation in value.

Investment analysis

(PO2 area)

Above Market Value

This property is priced +8.5% above area average per sq ft

+8.5%
This Property
£273/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£269
Avg Yield
5.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £15,000
Target Value
£243,224
10% above area average per sq ft
Potential ROI
-4.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PO2)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -1.4%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on PO2 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

The Old Warehouse 26 Gladys Avenue, Portsmouth PO2
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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
£907
Based on a loan of £180,000 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

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