4 bed end terrace house for sale

Westfield Road, Southsea PO4

*** no forward chain***

4 double bedroom HMO with 4 bathrooms, communal reception, kitchen and courtyard after being freshly re-developed in the last 12 months, providing an active income of £2,850pcm in rental income, in the desirable area of Southsea.

RICS Residential Survey conducted in Sept '24 at value of £355,000

HMO Licence was obtained with in the last 12 months and renewed in Feb '25, with gas safe & electrical safe certificates in place.

Can easily be re-utilised as a family home if desired or architect and sign off for five bedroom (architect drawings provided foc).

Room Rates

The property in over 12 months has had a 100% occupancy rate, with each room receiving £750, £650, £650 and £500 respectively (£2,600pcm or £31,200pa). Presently all occupied.

Note From The Vendor

The vendor is looking to sell due to opportunities abroad.

Note From The Agent

This is a modern and well laid out HMO with great returns and very little work work required, to provide a steady and decent rental income, in a high demand area, a great find.

Mortgages are in abundance, including as a HMO in Ltd Co or personal names, with approvabale mortgages at competitve rates.