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Ordnance Row, Portsmouth PO1 5 bed terraced house for sale
Ordnance Row, Portsmouth PO1
£335,000
Ordnance Row, Portsmouth PO1
£335,000
Our Summary
- Whether you're looking to expand your rental portfolio or searching for a home with huge potential, this property ticks all the right boxes
- While the property is currently tenanted and fully functional, it would benefit from some modernisation, offering the perfect canvas for those looking to add value through cosmetic upgrades
- The footprint is ideal, with well-sized rooms and great flow, making it just as appealing for conversion back into a beautiful family home in future
- There is also the potential for vacant possession, making it ideal for those who want a fresh start, whether as a home or an investment
- Scope for Modernisation – Ideal project with strong future value potential
Description
This five-bedroom Edwardian house in Southsea's Ordnance Row offers a fantastic opportunity for investors and homebuyers alike. Currently set up as a licensed HMO, the property generates a strong annual income of £31,500, with a yield of approximately 9%. The spacious property features generous accommodation, including a communal lounge area, fitted kitchen, and five well-proportioned bedrooms, including one with an en-suite shower room. While it would benefit from some modernization, the property has great potential for cosmetic upgrades and could be converted back into a beautiful family home. With its character features and period charm, it's a rare and flexible opportunity in a highly desirable area, offered freehold with no onward chain and the potential for vacant possession.