Festing Road, Southsea, Hampshire

8 8 1

£680,000 Guide Price House of multiple occupation for sale
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Description

A fully tenanted eight ensuite bedroom HMO let to working professionals producing £77,040 per annum

For sale by unconditional online auction on the 3rd June 2026

Registration is now open, bidding opens on 3rd June 2026

Situated on the well-connected Festing Road in Southsea, the property benefits from convenient access via the A2030 and A3. Providing direct routes to Portsmouth city centre, Queen Alexandra Hospital, and the University of Portsmouth. Ideally situated close to the seafront, it is close to a range of local amenities including shops, cafés, schools, and parks. With significant regeneration across Portsmouth and Southsea’s city centre and waterfront supporting long-term growth. It is also well positioned for access to major local employers including the naval dockyard and wider commercial centres across Portsmouth.

Transport links are provided by both Fratton and Portsmouth & Southsea Rail Stations.

Gross Yield: 11.10%

Income Breakdown (Monthly):
Room 1: £850.00 Room 2: £775.00 Room 3: £775.00 Room 4: £750.00 Room 5: £825.00 Room 6: £825.00 Room 7: £825.00 Room 8: £795.00 Total Monthly Income: £6,420.00 Gross Annual Income: £77,040.00
Expenditure Breakdown (Monthly):
Gas: £120.00 Electric: £420.00 Water: £60.00 Council Tax: £162.00 TV License: £15.00 Broadband: £60.00 Cleaner: £125.00 Management: £642.00 (10% + VAT) Total Monthly Expenditure: £1,604.00 Total Annual Expenditure: £19,248.00
Investment Performance:
Net Annual Income: £57,792.00 Gross Yield: 10.63% Net Yield: 7.97%
HMO Compliance
- HMO Licence - EICR - Fire Risk Assessment - Emergency Lighting Test - Fire Alarm Test Certificate - Gas Safety Certificate Copies of these documents can be found within the legal pack
Auction Information
To view the full auction information, click the Register to Bid button on this advert or visit hmox.co.uk.
Legal Pack
A legal pack is a collaboration of important documents on the property that is going to be sold at auction. To review the legal pack, click the View Legal Pack button on this advert or visit hmox.co.uk
Reference: XFG-92654889

Area Description

No area description is available for this property.

Additional Details

  • Bedrooms: 8 Bedrooms
  • Bathrooms: 8 Bathrooms
  • Receptions: 1 Reception
  • Ensuites: 8 Ensuites
  • Kitchens: 1 Kitchen
  • Dining Rooms: 1 Dining Room
  • Tenure: Freehold
  • Rights and Easements: Article 4 Area
  • Risks: Ask Agent

Additional Features

  • Investment Opportunity
  • Auction

Broadband Speeds

  • Download: 3mbps - 5500mbps
  • Upload: 0.5mbps - 5500mbps

Estimated broadband speeds provided by Ofcom for this property's postcode.

Screenshot 2025-02-11 120516 Screenshot 2025-02-11 120521 Screenshot 2025-02-11 120526 Energy Efficiency Chart

EPCs

Videos

Features

  • Auction date: 3rd June 2026 - Please note you need to register to bid
  • Freehold mid-terrace house
  • 8 bedroom all ensuite HMO with communal kitchen and reception room
  • Refurbished to a high standard throughout
  • Benefits from a large rear garden
  • Fully managed in a prime Article 4 location
  • Granted a Certificate of Lawful Development for the existing use as an 8 bedroom House in Multiple Occupation (Sui Generis)
  • Current rental income of £6,420 per month / £77,040 per annum

Enquiry

To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.

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