3 bed terraced house for sale

Albert Road, Southsea PO5

Here at Kings Estates, we are delighted to welcome to the market this freehold property, comprising a three-storey maisonette and a ground-floor commercial unit.

Here at Kings Estates, we are delighted to welcome to the market this freehold property, comprising a three-storey maisonette and a ground-floor commercial unit.

The maisonette benefits from its own private entrance and offers versatile accommodation arranged over three floors. The ground floor comprises a bedroom with an adjoining smaller room containing a wash basin and rear access, along with a separate W/C and basin. There is also a kitchen/workshop with access to the rear courtyard garden, in addition to storage cupboards on this level.

The first floor is split-level and offers a generously sized bathroom, further storage cupboards, and a well-proportioned second bedroom. The living space is open-plan with the kitchen and benefits from a balcony overlooking Albert Road, offering an engaging outlook across one of the area's most vibrant and well-connected streets. On the second floor, you will find the third bedroom along with a useful utility area.

The residential accommodation is in need of modernisation and presents an excellent opportunity for a purchaser to refurbish and add value. Estimated rental income following refurbishment is circa £16,800 per annum.

The ground-floor commercial unit is currently let and operating as a hairdressing salon. The spacious shop benefits from a preparation area and W/C. Market rental expectations for the commercial premises are circa £10,000 per annum.

The combined forecasted income from these fantastic residential and commercial dwellings is circa £26,800 per annum, making this property a highly sought-after opportunity. It offers a versatile mix of residential living space alongside a popular commercial unit, all situated in a high-traffic location.

Overall, this is a fantastic mixed-use investment opportunity offering scope for improvement and strong rental potential, not to be missed.