15 bedroom house of multiple occupation for sale

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15 bedroom house of multiple occupation for sale

Festing Grove, Southsea, Hampshire
£1,150,000

Our Summary

  • These figures indicate a strong investment opportunity with solid rental returns, located in a town with both current and future growth potential
  • With a simple-to-run structure and strong tenant appeal, 72 & 74 Festing Grove are a standout option in the Southsea market—offering not just strong cash flow, but long-term capital appreciation potential

Description

This is a rare opportunity to acquire two high-performing, fully tenanted HMOs in the heart of Southsea, Portsmouth. The properties at 72 & 74 Festing Grove generate a combined annual income of £122,160, with a gross yield of 10.62% and a net yield of 8.02%. The properties offer 15 well-presented letting rooms, designed for 18 tenants, with a mix of self-contained studios and shared rooms. The properties are fully tenanted by working professionals, with a strong demand for rental properties in the area due to its proximity to major employers and excellent transport links. The properties have no gas usage, individual metered electricity, and self-contained units, making them easy to manage and maintain. With a strong rental market and consistent demand, this is a compelling choice for HMO investors seeking reliable returns.