Summary - ELPHINSTONE APARTMENTS FLAT 5 ELPHINSTONE ROAD SOUTHSEA PO5 3HP
1 bed 1 bath House
Fully let Victorian block with immediate rental income and upgrade potential.
Four self-contained flats over four floors, fully let producing £3,350pcm
A rare freehold-share investment in Southsea, this Victorian terraced block comprises four self-contained flats arranged over four floors, all currently let and producing a combined monthly rent of £3,350. The building sits within walking distance of Palmerston Road, close to shops, cafés, bars and strong transport links — a location popular with students and commuters. Each flat offers generous living space and high ceilings typical of period stock, supporting steady tenant demand.
The accommodation and rental schedule are provided: Garden Flat £650pcm, First Floor £900pcm, Second Floor £750pcm, Third Floor £1,050pcm. The property’s overall size (approx. 1,770 sq ft) and multi-flat layout create clear scope for rental growth or active asset management, especially for a portfolio buyer seeking immediate income.
Buyers should note there are recorded damp/mould issues and some general maintenance is required; a full inspection and structural survey are recommended. The property is share-of-freehold and sits in a cosmopolitan, high-demand neighbourhood, but nearby schools and local services vary in performance and type.
This is best suited to experienced landlords or investors prepared to carry out repairs and ongoing management. With good broadband and mobile signal, central location, and demonstrated rental income, the block offers solid yield potential once maintenance is addressed.
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