Festing Grove, Southsea, Hampshire
15 14
£1,100,000 Guide Price House of multiple occupation for sale
Description
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.
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
Gross Yield: 11.60%
Area Description
No area description is available for this property.
Additional Details
- Bedrooms: 15 Bedrooms
- Bathrooms: 14 Bathrooms
- Ensuites: 13 Ensuites
- Kitchens: 13 Kitchens
- Tenure: Freehold
- Rights and Easements: Article 4 Area
- Risks: Ask Agent
Additional Features
- Accessibility - Not Suitable for Wheelchair Users
- Investment Opportunity
Broadband Speeds
- Download: 3mbps - 1000mbps
- Upload: 0.5mbps - 1000mbps
Estimated broadband speeds provided by Ofcom for this property's postcode.
Features
- Property Layout – Pair of adjacent HMOs with 15 letting rooms, licensed for 18 tenants
- Tenant Type – Fully tenanted by working professionals, providing strong, stable rental income
- Strategic Location – Prime Southsea location near seafront, university, shops and major employers
- Transport & Connectivity – Excellent rail links to London & Southampton, plus easy M27/A3 access and ferry routes
- Regeneration Benefits – Ongoing Portsmouth & Southsea waterfront and city centre regeneration boosting demand
- High Rental Income & Strong Yield – Gross annual income £127,560 delivering 11.60% yield
Enquiry
To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.
