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5 bed terraced house
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Our Summary
- Scope for Modernisation – Ideal project with strong future value potential
- 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
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Description
This Edwardian house stands on Ordnance Row in Southsea and offers spacious accommodation, including five well-proportioned bedrooms, one with an en-suite shower room. It also features a communal lounge, fitted kitchen, downstairs bathroom, and small private courtyard with rear access. The property is set up as a licensed HMO currently generating a strong annual income of £31,500, offering an impressive 9% yield.
It would benefit from modernisation, comprising a mix of period charm and character features, making it an ideal canvas for a stylish renovation or suitable for conversion back into a family home.