Summary - 15 WALMER ROAD PORTSMOUTH PO1 5AS
2 bed 1 bath Terraced
Chain-free income property with immediate rental returns and private rear garden.
Three rentable rooms set up as a compliant HMO
A two-bedroom Victorian terraced house offered chain-free and currently run as an HMO producing reported income of £1,725 pcm inclusive of bills. The property includes three rentable rooms, a long 22ft kitchen/diner, gas central heating and double glazing throughout, making it a ready-to-let income asset in Fratton.
The layout is practical for rental use: two double bedrooms upstairs, a shower room, a ground-floor reception/bedroom and a sizeable kitchen/diner with plumbing and boiler in place. The fully enclosed rear garden (approx. 31ft) provides secure outdoor space for tenants and outside storage.
Buyers should note the area scores as deprived with higher-than-average local crime and a transient, student/letting-dominated neighbourhood; this is reflected in rental demand but may affect long-term owner-occupier appeal. The terrace is compact with small plot size and standard ceiling heights; the interior will suit rental or refurbishment rather than a luxury buyer.
For investors seeking an HMO or buy-to-let with immediate income, this freehold, chain-free property offers straightforward management and quick occupancy potential. Prospective buyers wanting an owner-occupied family home should expect to modernise parts of the interior and accept the urban location and local area characteristics.
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