Summary -
Flat 6,Pound House,St. James's Street,PORTSMOUTH,PO1 3FF
PO1 3FF
2 bed 2 bath Flat
Modern, gated apartment with long lease and allocated parking set for rental demand.
Two double bedrooms with master en-suite
This second-floor, two-bedroom apartment in Southsea offers a straightforward investment opportunity with immediate availability and no onward chain. The property includes two double bedrooms, a master en-suite, a generous open-plan lounge/diner and a modern fitted kitchen, all within a 710 sq ft layout. An allocated gated parking space and gas central heating add practical value for tenants.
The flat sits on a long lease (about 138 years remaining) and an EPC rating of C. Annual service charges and related costs are significant and should be factored into returns: service charge £1,645.30, gas & boiler £1,058.23, and annual building insurance £374.76. Ground rent is £250 per year.
Location supports tenant demand from young families and students, with nearby schools, university links and a wide range of local amenities and transport. However, the immediate area records higher crime levels and significant area deprivation; these factors may influence rental yield, tenant profile and insurance costs.
For investors seeking a modern, low-management apartment with parking and a long lease, this property is practical. Buyers should run detailed running-cost projections, check insurance and security implications, and consider professional management to maximise lettings in this neighbourhood.
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