High-yield nine-bedroom Victorian HMO in Southsea — immediate income, scope to add value.
9 double bedrooms across four floors plus basement
Reported rental income £59,630 per annum
Freehold property; sold with no onward chain
Victorian character: bay windows, high ceilings, large rooms
Small plot and low-maintenance rear garden; large forecourt front
Area has above-average crime and higher deprivation levels
Cavity walls assumed uninsulated — potential energy upgrade needed
HMO status requires ongoing management and regulatory compliance
This substantial nine double-bedroom terraced home is presented as an established HMO, producing a reported £59,630 per annum. Arranged over four floors plus a basement, the property combines significant rental income with spacious communal living — a clear fit for investors targeting students and professionals in Southsea. The freehold, no-onward-chain status simplifies purchase timetables.
The house retains Victorian character with bay windows, high ceilings and large rooms, while recent images show a modern open-plan kitchen/living area and contemporary fittings in parts. Practical benefits include a low-maintenance rear garden, a large forecourt, mains gas central heating, double glazing and fast broadband/mobile signal — useful for letting to modern tenants.
Buyers should note material negatives: the property sits in an area of above-average crime and wider local deprivation, and plot size is small. Construction is circa 1900–1929 with cavity walls that are assumed to lack insulation, so energy-efficiency improvements may be required. As an HMO, ongoing management, safety compliance and possible licensing responsibilities will be necessary costs and obligations for any purchaser.
Overall, this is a high-yield, character-rich HMO in a popular student and professional neighbourhood. It offers immediate income and scope for value-add through energy upgrades or refurbishment, but investors must allow for management, compliance and neighbourhood risk factors when assessing long-term returns.