15 bed terraced house

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15 bed terraced house

Festing Grove, Southsea, Hampshire PO4
£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, located at 72 & 74 Festing Grove, generate a combined annual income of £121,140, with a gross yield of 10.53% and a net yield of 7.94%. The properties are well-presented, with 15 letting rooms designed for 18 tenants, and offer easy management and efficient utility cost control. The location is highly desirable, with excellent access to the city centre, seafront, and transport connections, making it a strong location for HMO investments. The properties are fully tenanted by working professionals, with no gas usage and individual metered electricity, and are expected to provide solid rental returns and long-term capital appreciation potential.