Summary - 365A FAWCETT ROAD SOUTHSEA PO4 0LE
3 bed 2 bath Block of Apartments
Freehold two-flat investment with garden and clear uplift potential in central Southsea.
- Freehold block: one-bed flat and two-bed maisonette
- Current combined rent £1,415 pcm (6.79% yield at asking price)
- Large garden; garage needs repair
- Double glazing; mains gas central heating
- No forward chain; 980 sq ft overall
- Likely cavity walls with no added insulation
- Higher local crime levels; consider security costs
- Scope to increase rental income via refurbishment
A straightforward buy-to-let package in central Southsea: a freehold end-of-terrace converted into two self-contained units (one-bedroom ground floor flat and two-bedroom split-level maisonette). The property is offered with no forward chain and currently produces a combined rental income of £1,415 pcm (6.79% yield at the asking price). Fast broadband and excellent mobile signal support modern tenancy demand.
The building sits on an average-sized plot with a large garden and a garage that will need repair. Double glazing and mains gas central heating are in place, but the construction (circa 1900–1929) likely has cavity walls with no added insulation — there is scope and cost to improve energy efficiency. The maisonette and ground-floor flat have practical room sizes and straightforward layouts suitable for targeting students and professional tenants in this cosmopolitan neighbourhood.
This is an investment for buyers prepared to carry out targeted upgrades to increase rent and capital value. Improvements such as modernising kitchens/bathrooms, addressing the garage condition, and adding insulation could materially boost rental income and attractiveness. Be aware the local area records higher-than-average crime levels; factor in potential security measures and management costs.
Location strengths include strong transport links, nearby amenities (shops, cafés, schools) and a mix of student and professional demand. The property’s freehold status, low council tax band and no chain simplify acquisition and repositioning as a longer-term rental asset.
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