Income-producing Southsea HMO with no onward chain — planning applications submitted.
Six-bedroom HMO producing £3,120 pcm (let until Aug 2025)
A six-bedroom mid-terrace in the heart of Southsea, currently let as an HMO producing £3,120 pcm and sold with no onward chain. The property is freehold and benefits from double glazing, gas central heating, two shower rooms plus an additional WC, and a small enclosed rear courtyard.
This is a hands-on investment: the building is compact with narrow rooms typical of a Victorian terrace and will suit letting to students or professionals. Two lawful-development applications to regularise the HMO use and existing extensions have been submitted and are awaiting decision — buyers should carry out their own due diligence on HMO status and compliance.
Practical positives include immediate rental income (tenancy in place until August 2025), low council tax (Band B), and straightforward utilities (mains gas). Note the EPC is D and the area records higher crime levels; some cosmetic updating and management attention are likely to maximise yield and tenant retention.
This property is aimed at investors seeking an income-producing HMO in a busy student/professional neighbourhood, or a buyer willing to reposition a compact period terrace. Viewing is strictly by appointment.
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