Gatcombe House, Copnor Road
Portsmouth
Hampshire
PO3 5EJ
Westfield Road, Southsea
Asking price £325,000
4 Bedroom House - End Terrace
- ***NO FORWARD CHAIN***
- RICS residential Survey in Sept'24 at £355,000
- Rental Returns Presently £2850pcm
- Newly Refurbished
- Popular Southsea Location
- Communal Garden
- 4 Bed HMO with 100% occupancy rate
- Well Presented Throughout
- Sold as normal residence or HMO (licence renewed Feb'25)
- 4 Bathrooms
*** 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.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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