Summary - 359 FAWCETT ROAD SOUTHSEA PO4 0LE
5 bed 2 bath Terraced
Chain-free, newly refurbished HMO with strong rental income potential.
Five-bedroom mid-terrace set up as an HMO, ready to let
A newly refurbished five-bedroom mid-terrace in central Southsea, presented as a ready HMO investment. The property is chain-free and set over multiple storeys with two shower rooms, a downstairs WC and a contemporary open-plan kitchen and communal living area that will appeal to students and young professionals.
Current rental income is £2,910 per calendar month (including bills), reflecting an advertised yield of about 8.7%. The house benefits from double glazing, mains gas central heating, and a low-maintenance paved rear garden. Its location just off Albert Road places it close to shops, bars, restaurants and frequent public transport.
Buyers should note a few material considerations: the overall property and plot are small, the neighbourhood records higher crime levels, and external cavity walls are shown as originally uninsulated (upgrade may be required). These factors should be weighed against the ready-to-let condition and immediate income stream.
For investors seeking a near-term let-ready HMO in a busy student and professional area, this freehold terrace offers an established rental return and low upkeep exterior. For purchasers preferring longer-term value growth, modest insulation or energy-efficiency investment could improve comfort and reduce running costs.
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