15 bed block of flats for sale

72 & 74 Festing Grove, Southsea, City Of Portsmouth PO4

For sale by commited sale -

Fully Licensed Pair of HMOs (15 Rooms, 18 Tenants) £127,560 Annual Income 11.60% Gross Yield Prime Southsea Location Near Seafront, University & Employers Professional Tenants Excellent Transport Links Regeneration Area Turnkey Investment

This pair of adjacent HMOs, comprising 15 letting rooms and licensed for 18 tenants, presents a rare high-income investment opportunity in Southsea. Fully let to working professionals, the properties generate £127,560 in annual rental income, delivering a strong gross yield of 11.60% with stable occupancy and dependable cash flow. Ideally situated near the seafront, the University of Portsmouth, shops, and major employers, the location ensures consistent tenant demand, while excellent rail connections to London and Southampton, alongside easy access to the M27, A3, and ferry routes, enhance its commuter appeal. With large-scale regeneration across Portsmouth and Southsea's city centre and waterfront set to further drive demand and long-term capital appreciation, this portfolio represents a secure, income-generating opportunity in one of the South Coast's most resilient and desirable rental markets.