Turnkey HMO with garden — some cosmetic repairs required.
Fully licensed three-bedroom HMO, ready for rental
A fully licensed three-bedroom terraced HMO in PO2, offered freehold and ready for rental use. The house has good-size bedrooms, three shower rooms and an open-plan communal living area that suits shared tenancies. A large rear garden and a front forecourt add outdoor space often hard to find in similar terraced properties.
The property is a Victorian terrace (c.1900–1929) with period bay windows and high ceilings, positioned close to local amenities, schools and transport links — strong locational fundamentals for investors. Current HMO compliance is in place, so lettings can continue while modest upgrades are completed.
There are some maintenance items to address: the kitchen is neglected and shows a leaking ceiling that needs repair, and the building likely has cavity walls without added insulation. The house is small overall with a small plot, so rental layout and refurbishment budgets should reflect that.
This is a straightforward investment buy for someone seeking an HMO in a low-crime, well-connected area of Portsmouth. Fast broadband, excellent mobile signal and affordable council tax support rental demand, but budget for kitchen repairs and energy-efficiency improvements.