Ready-to-rent four-bed HMO in Southsea with RICS valuation above asking price..
No forward chain — ready for immediate completion
A freshly refurbished four-bedroom end-terrace in popular Southsea, offered with no forward chain and ready to earn from day one. The property has been redeveloped within the last 12 months and currently operates as a fully-occupied HMO, producing a confirmed rental income of £2,850pcm. An RICS residential survey (Sept 2024) valued the house at £355,000, above the current asking price, and the HMO licence was renewed in Feb 2025.
This layout suits investors seeking immediate cashflow: four double bedrooms each with en-suite facilities, a communal reception, shared kitchen and a small enclosed courtyard. Gas-safety and electrical certificates are in place and management history shows 100% occupancy over the past year. Architect drawings are included if you prefer to convert back to a family home or reconfigure to a five-bedroom layout.
Be aware of the property’s inner-urban footprint — the plot and external space are small, with a paved courtyard rather than a large garden. The building dates from the early 20th century and external walls are cavity-built with assumed lack of additional insulation, so owners should factor potential upgrading works into long-term running costs. Overall, this freehold, newly renovated house presents a low-effort HMO investment or a convertible family home in a sought-after Southsea location.