Summary - Victoria Road North, Southsea PO5 1QE PO5 1QE
8 bed 8 bath Detached
**Standout Features:**
- **Type:** Detached Victorian period property
- **Current Use:** HMO (House in Multiple Occupation) with 8 ensuite bedrooms
- **Investment Potential:** Generates approximately £45,000 p.a. (7.8% yield)
- **Location:** Prime position near Southsea Town Centre
- **Amenities Nearby:** Shops, cafes, schools, and transport links
**Concerns:**
- Requires renovation; substantial maintenance needed
- Crime rate above average for the area
- Planning permissions for conversion to flats previously granted but require review
This substantial detached Victorian investment property offers a lucrative opportunity for those interested in expanding their real estate portfolio. Comprised of two self-contained units, each featuring ensuite bedrooms, this property currently yields a significant income from its student occupants and is strategically located just one mile from Southsea Town Centre.
The property boasts a charming brick facade, high ceilings, and large rooms, while the rear features a generous garden with side access. Please note that the property is being sold at public auction, and immediate cash offers are encouraged. While there's excellent potential for rental returns, it does require attention and investment in terms of renovations and overall maintenance. This investment is well-suited for savvy investors or developers looking to enhance their cash flow, with future potential for conversion into additional units if needed. Don’t miss out on this exceptional opportunity—properties like this are rare in such a desirable location!
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