Summary - 74, Festing Grove PO4 9QD
15 bed 14 bath Terraced
High-yield, fully let investment close to seafront and university.
15 letting rooms across two adjacent HMOs, licensed for 18 tenants
A rare, high-income HMO investment in central Southsea, offered as a pair of adjacent terraced properties with 15 letting rooms (licensed for 18). Fully let to working professionals, the combined portfolio produces a gross annual income of £127,560, equating to an 11.09% yield on the freehold price. The location close to the seafront, University of Portsmouth, shops and strong commuter links supports stable occupancy and ongoing tenant demand.
Constructed c.1900–1929, the properties retain Victorian character—bay windows, high ceilings and roomy bedrooms—while offering modern tenanted rooms. Practical details include double glazing (unknown install date) and electric storage heaters; these keep the fabric straightforward but may mean higher running costs compared with gas heating. The plot is small and the buildings are mid-terrace, so external space and expansion potential are limited.
Regeneration in Portsmouth and Southsea and excellent transport links to London, Southampton, and ferry routes support both rental demand and longer-term capital prospects. Buyers should note the property is sold freehold, currently fully tenanted, and will require ongoing maintenance typical of early 20th-century terraces. A Buyer Onboarding Fee of £250 + VAT is payable on offer acceptance.
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