Victoria Road North, Southsea PO5 1QE
TO BE SOLD BY PUBLIC AUCTION
THURSDAY 15th JANUARY 2026 (unless sold prior)
GUIDE PRICE: £470,000-£490,000
Of interest to investors: the substantial and well-situated DETACHED character property arranged as TWO LARGE SELF-CONTAINED HMO APARTMENTS (1 x 3 persons, 1 x 4, all en-suite), currently FULLY LET and producing the equivalent (allowing for adjustment of the existing ten month occupancy) of £45,000 p.a. - a highly lucrative gross annual yield of around 9.5%.
Property Type
Parking
Floor Area
Tenure Type
Council Tax Band
TO BE SOLD BY PUBLIC AUCTION
THURSDAY 15th JANUARY 2026 (unless sold prior)
GUIDE PRICE: £470,000-£490,000
Of interest to investors: the substantial and well-situated DETACHED character property arranged as TWO LARGE SELF-CONTAINED HMO APARTMENTS (1 x 3 persons, 1 x 4, all en-suite), currently FULLY LET and producing the equivalent (allowing for adjustment of the existing ten month occupancy) of £45,000 p.a. - a highly lucrative gross annual yield of around 9.5%.
Victoria Road North runs from Elm Grove junction to Fratton Bridge, No. 106 occupying a prominent position on the road's east side, diagonally opposite the junction with Montgomerie Road. This exceptionally convenient location is some one mile only from Southsea Town Centre (Palmerston Road Shopping Precinct) and The Seafront, placing a wide range of public amenities within comfortable reach. Circa 1900, the building is of bold, double-fronted design with brick elevations under a modern, tiled roof, the facade incorporating gabled double square bay. It stands behind a shallow forecourt, whilst to the rear is a generous garden with side pedestrian access. PLANNING/OCCUPANCY: consent was granted in 1995 for conversion of former offices into two self-contained apartments. In November 2011 further approval was given for C3/C4 (HMO) use upon both units. Each is now let to students, the Ground Floor Flat (4 sharers) at £2,100 pcm, the First Floor Flat (3 sharers) at £1,650 pcm, both for a period of 10 months, expiring on the 30th June 2026. It may be of interest to potential buyers that the adjacent property, No. 104, was granted approval in 2024 for conversion into 5 self-contained flats. Full particulars are given as follows:
LOBBY
106b (GROUND FLOOR)
Entrance Hall
Kitchen - 4.27m x 3.58m (14'0" x 11'9")
Room One - 3.1m x 2.84m (10'2" x 9'4")
En-suite Shower & W.C.
Room Two - 3.05m x 2.97m (10'0" x 9'9")
En-suite Shower & W.C.
Room Three - 3.61m x 2.24m (11'10" x 7'4")
En-suite Shower & W.C.
Room 4
Lobby
Shower & W.C. - 2.87m x 2.44m (9'5" x 8'0")
Bedroom - 4.27m x 2.54m (14'0" x 8'4")
106A (FIRST FLOOR)
Half Landing
Main First Floor Landing
Kitchen - 3.61m x 2.62m (11'10" x 8'7")
Box Room - 2.39m x 1.83m (7'10" x 6'0")
Room One - 3.61m x 2.69m (11'10" x 8'10")
En-suite Shower & W.C.
Room Two - 3.76m x 3.76m (12'4" x 12'4")
En-suite Shower & W.C.
Room Three
Lobby
Bedroom - 4.88m x 3.05m (16'0" x 10'0")
Shower & W.C. - 3.81m x 2.36m (12'6" x 7'9")
Room Four - 5.13m x 4.24m (16'10" x 13'11")
En-suite Shower & W.C.
BASEMENT
Hallway
Room One - 2.92m x 2.9m (9'7" x 9'6")
Room Two - 3.76m x 3.3m (12'4" x 10'10")
LOFT ROOM
OUTSIDE
REAR: Width: 41'0 (12.75m) Depth: 17'0 (5.18m) Generous garden with easterly aspect, walled surround, and side pedestrian access.
COUNCIL TAX
EPC
Flat B - 'D'
VIEWING
D. M. NESBIT & CO.
(17954/051377)
ADDITIONAL AUCTION EXPENSES
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