Summary - 74c Lawrence Road PO5 1NY
4 bed 3 bath Block of Apartments
Three flats with garage and immediate rental income in a vibrant town centre location.
Freehold block of three flats (studio, 1‑bed, 2‑bed) overall c.1800 sq ft
Two units recently refurbished; one unit may need updating
Private courtyard and garage for the one‑bed apartment
Currently let on periodic tenancies — immediate rental income
Electric storage heating; higher running costs likely
Cavity walls assumed uninsulated; double glazing pre‑2002
Located in central Southsea — strong demand from students/young professionals
Local area crime levels reported high — consider security measures
This period red‑brick end‑terrace has been converted into three self-contained flats (studio, one‑bedroom and two‑bedroom) across c.1800 sq ft, presented as a freehold block in central Southsea. Two units have been recently refurbished and the one‑bedroom flat benefits from a private courtyard and garage access, providing immediate rental income potential from existing periodic tenancies.
The building suits a buy‑to‑let investor or landlord looking for a compact multi‑unit holding close to transport, shops and student accommodation. Council Tax is band A for each unit, and the location’s strong rental demand in a cosmopolitan student neighbourhood supports lettings and short void periods.
Notable practical points: heating is via electric storage heaters and the cavity walls are assumed uninsulated, with double glazing installed before 2002. Crime levels in the area are reported high; these factors may influence tenant demand, running costs and future refurbishment choices. One flat appears less recently updated, so further improvement could increase yields and capital value.
This property is offered as a freehold block with immediate occupancy potential but requires buyer due diligence on lease terms, service charges and exact tenancy arrangements. It represents a clear short‑term income asset with scope for value‑add refurbishment or reconfiguration to optimise returns.
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