Summary - 98 CLARENDON ROAD SOUTHSEA PO4 0SD
5 bed 3 bath Apartment
Ready-made rental income close to seafront and local amenities.
Freehold block of three self-contained flats
A rare block of three self-contained flats in central Southsea, offered freehold and within easy walking distance of South Parade Pier, Canoe Lake and the seafront. The homes are set in a Victorian mid-terrace building with high ceilings and period bay features, and each flat is presented with modern kitchens, fitted bathrooms, gas central heating and double glazing installed after 2002.
This is aimed at investors seeking immediate rental income: two two-bedroom flats plus one one-bedroom flat are arranged over three floors and include ground-floor access to a communal courtyard. The property sits in an established renting-families and student neighbourhood with strong local rental demand and plentiful nearby amenities, transport links and schools.
Buyers should note material drawbacks plainly: the area has a high flood risk and high crime rate; the original cavity walls are assumed uninsulated; and the block is described as a fixer-upper/renovation project in places. Overall size is small (total approx. 549 sq ft), so rental yields and room layouts will reflect compact accommodation rather than large family flats.
This holding suits investors who prioritise location and income potential over turnkey condition. There is short-term opportunity to secure tenants quickly, but capital expenditure on insulation, potential flood mitigation and targeted refurbishment should be allowed for when budgeting.
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