Summary - St James Street, Landport, Portsmouth, PO1 PO1 3FF
2 bed 2 bath Flat
Fully furnished top-floor flat near Gunwharf Quays — let at £1,350pcm, allocated parking.
Top-floor two-bedroom apartment with ensuite to master
A practical top-floor, two-bedroom apartment in a gated modern development, currently let to students and sold fully furnished. The master bedroom has an ensuite, and the living area includes an L-shaped living/dining space with a Juliette balcony. Allocated underground parking and a 132-year lease are strong practical advantages for many buyers.
Position is a core value driver: a short walk to Gunwharf Quays, easy access to Portsmouth University, Old Portsmouth and Southsea seafront, plus very good public transport links. These local draws support steady rental demand — the property is currently achieving £1,350pcm, giving a gross return of about 8.5% on the asking price of £190,000.
Be clear about the neighbourhood context: the immediate area is classified as very deprived with high recorded crime and described as a hampered neighbourhood. Broadband speeds are average. These factors can affect tenant profiles, resale attractiveness to some buyers and may influence insurance or lender requirements.
For investors and first-time buyers seeking an income-producing asset near the university and waterfront amenities, this flat offers immediate occupancy and rental income. Buyers wanting long-term owner-occupation should note the tenancy, leasehold tenure, and local area challenges and factor any refurbishment or management costs into their plans.
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