Summary - 2 DRAYTON ROAD NORTH END PORTSMOUTH PO2 7HW
1 bed 1 bath Not Specified
Ready-made HMO with strong rental yield and auction sale available.
- HMO licence approved for multi-occupancy use
- Stated freehold; tenure should be independently verified
- Configured as two flats: six bedrooms, two bathrooms
- Strong advertised yield of 10%+ for investors
- Sold at secure online auction; terms and T&Cs apply
- Large internal size (~1,344 sq ft) on a small plot
- Located in a deprived area with constrained renter market
- Kitchen/dining in low-ceiling dormer; may need refurbishment
A rare, high-yield opportunity in central Portsmouth, presented chain-free and offered via a secure online auction. The building is currently configured as two flats with six bedrooms and two bathrooms, and benefits from an HMO licence approval — attractive for investors seeking immediate rental income and proven demand. The seller states freehold; buyers should verify tenure at legal stage.
Internally the property offers very large overall floorspace (approximately 1,344 sq ft) and two reception rooms, while the kitchen/dining occupies a compact, low-ceiling dormer/attic area. The plot is small and the setting is within a deprived, blue-collar terraces area with a local market of constrained renters — factors that support rental demand but will influence long-term capital growth prospects.
Sold via secure sale with online bidding (terms apply) and offered with no forward chain, this lot suits investors or developers prepared to manage refurbishment and letting. Please note the property has not been inspected; prospective buyers should carry out their own surveys and checks, including confirmation of tenure, service condition and any tenancy arrangements before bidding.
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