Eastern Parade, Southsea PO4
South East
£375,000
Listed on 16/10/2026
Listed on 16/10/2026
The listing
Property details
Bedrooms
3Type
FlatArea
1061 sqftFeatures
- Balcony
- Garage
- Parking
Description
This three-bedroom top-floor apartment at Cresta Court has a large lounge/diner, a fitted kitchen, a family bathroom and a separate shower room with WC. The lounge opens onto a balcony, and the listing describes views towards the sea. The property also includes a garage, visitor parking and access to communal gardens. It is offered chain free and is leasehold with a share of freehold; the lease length, ground rent and service charge have not been confirmed in the listing. The seafront is nearby, with central Southsea's restaurants, cafes and bars within reach. The existing layout and dated finishes offer scope for an incoming owner to consider updating the interiors.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
40out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a spacious top-floor three-bedroom apartment with a strong seafront setting: the balcony looks out towards the sea, and the listing also includes a garage, visitor parking and maintained communal grounds. The interior appears clean and usable, with scope to modernise the dated kitchen and bathroom finishes, replace selected flooring and refresh the décor without an obvious major internal works programme.
The score stays cautious where the quoted refurb range (£12,500) on top of the asking price brings all-in exposure close to £387,500, about 16% ahead of typical local benchmarks for this size. That is why the overall grade stays low; we have not forecast value after improvement.
Key opportunities
- Refresh the dated kitchen and bathroom finishes while retaining their apparently functional layouts.
- Modernise the interior with updated décor and selective replacement of the visible carpets and flooring.
- Make the most of the balcony’s seafront outlook, spacious lounge/diner and included garage.
Key risks
- At £375,000, the purchase price is already above the local £/sqf average, and the asking price plus the stated refurbishment range is stretched against the local benchmark for this floor area.
- Plan on something close to £387,500 once the asking price and an estimated £12,500 of refurbishment are combined — around 16% above what similar-sized stock commands locally today, so margin after refurbishment is unproven.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,417
Based on a loan of £281,250 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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