Summary - 183 Chichester Road PO2 0AJ
5 bed 5 bath Terraced
Turnkey lettings income with scope to add value through modernisation.
Five-bedroom licensed C4 HMO with individual en‑suites in each room
This mid-terraced Victorian property is presented as a licensed five-bedroom C4 HMO with individual en‑suites—currently producing £2,365 pcm (£28,380 pa), offering an approximate gross yield of 8.3% at the asking price. The layout suits multi-let income: five private bedrooms with en‑suites, a modern communal kitchen with lockable storage and individual fridges, plus communal social space and rear garden access.
The building is Freehold and constructed c.1900–1929 with traditional cavity walls (assumed uninsulated), gas central heating via boiler and radiators, and double glazing fitted before 2002. These features support comfortable occupation now but indicate potential energy-efficiency upgrades could reduce running costs and increase future rental value.
Externally the terrace shows some light maintenance needs—weeds to the forecourt, worn path and areas needing decoration—so expect minor external works. Internally finishes are generally neutral and rentable, but bathrooms, kitchen and general fittings could be modernised further to push rents higher or broaden tenant appeal.
This property is best suited to investors seeking a turnkey HMO in a city suburb, or buyers prepared to refurbish to increase capital and rental value. Note the area scores as deprived and crime as average; check local management and tenancy demand assumptions. Full structural, services and energy surveys are recommended before purchase.
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