Summary - NARBOROUGH HOUSE, 1 FLAT 7 SEARLE DRIVE GOSPORT PO12 4WG
2 bed 1 bath Flat
Chain-free two-bed with tenant and harbour outlook, ready for investment.
Tenant in situ paying £1,150pcm until at least October 2026
Gross annual rent £13,800 — approx. 7.9% gross yield at £175,000
Two double bedrooms, open-plan living, Juliet balcony with harbour views
Long lease: 155 years remaining; ground rent £150pa
Service charge c. £2,124pa (£177pcm); factor in for net returns
Electric room heaters — likely higher running costs than gas
Allocated off-street parking and communal garden; modern build (2003–06)
Slow broadband speeds in the area; average mobile signal
A practical, low-maintenance first-floor apartment in Priddy’s Hard presented chiefly as an investor opportunity. The property is sold with a tenant in situ paying £1,150pcm and is expected to remain until at least October 2026, providing immediate rental income. Its 624 sq ft layout includes two double bedrooms and a spacious open-plan kitchen/living area with French doors to a Juliet balcony and harbour views.
Built in the mid-2000s, the flat benefits from double glazing, allocated off-street parking and well-kept communal gardens. The long lease (155 years remaining) and modest ground rent (£150pa) reduce medium-term ownership risk, while the service charge (£2,124pa) and electric heating are ongoing costs to factor into net returns.
This location appeals to tenants and investors: close to waterfront amenities, museums and transport links to Portsmouth, with very low local crime and an affluent surrounding area. Buyers should note slower broadband speeds and that heating is electric room heaters, which can mean higher energy bills compared with gas-heated properties. The property is offered chain-free, simplifying completion for an investor purchaser.
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