Festing Road, Southsea, Hampshire
HM

Festing Road, Southsea, Hampshire

By HMO Sales Expert

£ 750,000

Reviews

3 out of 5 stars

HMO Sales Expert says ..

This fully tenanted 8-bed, all-ensuite HMO in Southsea offers a 10.27% gross yield and 8.17% net yield, ensuring strong returns. With high tenant demand near the University of Portsmouth and key employment hubs, excellent transport links, and ongoing regeneration, this fully managed investment pr...

Property Oracle says ..

The property is an eight-bedroom, eight-bathroom house with a total area of 830.26 sqft and a plot size of 0.00 sqft. The photos show a recently renovated property, which is presented to a high standard. The property benefits from a small, paved rear garden. The location on Festing Road places it within the Eastney And Craneswater locality of Portsmouth. Nearby amenities include Craneswater Junior School (0.16km), which has a good Ofsted rating, and several other schools within a 1km radius. Several South Western Railway stations are also within reasonable proximity, offering good transport links. The proximity to Canoe Lake and Southsea seafront is also a positive aspect of the location, suggesting recreational opportunities. However, the immediate vicinity appears to include commercial properties, which could impact the residential feel. More information on the immediate neighbours would be beneficial to fully assess the location. The property’s condition appears excellent based on the provided photographs. The renovation appears recently completed and to a high standard, suggesting minimal need for repair or further work. The list price of £750,000 is significantly higher than other nearby properties listed. However, the lack of sqft information for comparable properties makes a direct price per sqft comparison challenging. The higher price may reflect the property’s newly renovated condition, the number of bedrooms and bathrooms (suitable for HMO or multi-family use), and its location near the seafront. Further analysis of local property sales data, specifically focusing on similar properties with comparable features (size, number of bedrooms/bathrooms, condition), would be needed to provide a definitive assessment of the price’s reasonableness.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
5
Condition
10
Location
7
Land
3
Bedrooms
8
Bathrooms
8
Sqft (est)
830.26

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
399,700.00 £
Increased by 25.09 %
from 319,533.00 £
Est sale value
367,805.18 £
Increased by 26.57 %
from 290,591.00 £
Average area rental value
1,115.00 £/mo
Decreased by 15.02 %
from 1,312.00 £/mo
Est letting value
830.26 £/mo
Unchanged by 0.00 %
from 830.26 £/mo
Est rental Yield
3.35 %
Decreased by 32.05 %
from 4.93 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • HMO Sales Expert created the listing.

Nearby Schools

NameTypeOfstedDistance
Craneswater Junior SchoolCommunity SchoolGood0.16 KM
Southsea And Brambles Children'S CentreChildren's Centre0.49 KM
Devonshire Infant SchoolCommunity SchoolGood0.75 KM
Bramble Infant School And NurseryCommunity SchoolGood0.78 KM
Fernhurst Junior SchoolCommunity SchoolGood0.82 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Spencer Road £ 000.00 KM
Beatrice Road £ 270,00000.00 KM
Boulton Road £ 000.00 KM
Morley Road £ 000.00 KM
Fratton Way £ 162,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Fratton5509FTN1.24 KM
Portsmouth And Southsea5537PMS2.68 KM
Portsmouth Harbour5540PMH4.34 KM
Hilsea5539HLS4.89 KM
Cosham5896CSA6.25 KM

Nearby Listings

AddressPriceTypeScoreDistance
Festing Road, Southsea £ 170,000BUY7 / 100.07 KM
Investment Opportunity £ 500,000BUYUnknown0.08 KM
Highland Road, Southsea, Hampshire £ 122,500BUY5 / 100.08 KM
Highland Road, Southsea, Hampshire £ 185,000BUYUnknown0.08 KM
St. Augustine Road, Southsea, Hampshire, PO4 £ 275,000BUY5 / 100.09 KM

Nearby Properties

AddressPriceDistance
35a Highland Road £ 112,0000.08 KM
15a Highland Road £ 107,0000.08 KM
39b Highland Road £ 100,0000.08 KM
21a Highland Road £ 75,0000.08 KM
25 Highland Road £ 60,0000.08 KM