91 New Road, Portsmouth, Hampshire, PO2 7QN

Description

A Three Bedroom Mid Terrace House Subject to a Periodic Tenancy Producing £21,600 Per Annum. The property comprises a three bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room; Kitchen. First Floor: Three Bedrooms; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Buckland Park are within easy reach. Transport links are provided by Fratton rail station and the M275.

Tenure / Property Information

Investment Analysis

Five same-road freehold terraced sales range from £167,000 to £215,000, averaging £187,400. The most recent sale was £192,000 in May 2026. A base GDV of £192,000 is reasonable, subject to condition and tenancy/legal review.

Investment Snapshot

Strategy Recommendation

Consider only as a tenanted buy-to-hold if the tenancy, legal pack and property condition are satisfactory; avoid bidding materially above the guide without stronger valuation evidence.

Works Required

No refurbishment works are evidenced. Allowance is therefore excluded, but condition should be verified before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, assumed total cost is £201,800 including the administration charge and no evidenced works allowance. A 75% refinance of the £192,000 base GDV is £144,000, leaving approximately £57,800 unrecovered before finance and tax.

Buy-to-Let Analysis

The periodic tenancy produces £1,800 pcm (£21,600 annually), giving 10.8% gross yield on the £200,000 guide and approximately 10.70% including the £1,800 administration charge. No external rental comparables, EPC or operating costs are supplied.

Flip Analysis

At the guide and base GDV, the project is approximately £9,800 below GDV before selling costs, finance, tax and any works. Selling costs are not evidenced, so a net flip surplus cannot be calculated.

Investor Risks & Due Diligence

• Periodic tenancy and tenant status require legal and arrears verification.

• No internal condition or refurbishment evidence is supplied.

• Buyer premium and potential legal-pack disbursements are unknown.

• No EPC, council tax, heating or parking information is supplied.

• Base GDV is below the guide price before fees and any works.

Recommendation

Consider only as a tenanted buy-to-hold if the tenancy, legal pack and property condition are satisfactory; avoid bidding materially above the guide without stronger valuation evidence.

Strategy Rating

Analysis Confidence

Same-road sold evidence and passing rent are available, but condition, EPC, operating costs, external rent evidence, buyer fees and legal-pack disbursements are incomplete.