8 bedroom detached house for sale

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8 bedroom detached house for sale

Victoria Road North, Southsea PO5 1QE
£490,000

Our Summary

  • PLANNING/OCCUPANCY: consent was granted in 1995 for conversion of former offices into two self-contained apartments
  • 104, was granted approval in 2024 for conversion into 5 self-contained flats
  • ADDITIONAL AUCTION EXPENSES
  • An Auction Legal Pack (including Contract of Sale and Special Conditions) will be prepared by the Seller's

Description

This substantial detached character property, located on Victoria Road North, is currently arranged as two large self-contained HMO apartments, each with en-suite facilities, and is fully let, producing a lucrative gross annual yield of around 9.5%. The property, which dates back to around 1900, has a bold double-fronted design with brick elevations and a modern tiled roof, and stands behind a shallow forecourt and a generous garden with side pedestrian access. The apartments are currently let to students, with the Ground Floor Flat letting for £2,100 pcm and the First Floor Flat letting for £1,650 pcm, both for a period of 10 months, expiring on June 30, 2026. The property has planning consent for HMO use and has been well-maintained, with modern appliances and double-glazed windows throughout. The guide price for the property is £470,000-£490,000, and it is being sold by public auction on January 15, 2026, unless sold prior.