97 New Road, Portsmouth, Hampshire, PO2 7QN

Description

A Vacant Three Bedroom Mid Terrace House. 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

Provisional GDV of £200,000, anchored to the £192,000 May 2026 same-road sale and other supplied same-road sales ranging from £167,000 to £215,000. Bedroom counts and condition of comparables are not supplied, so this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to survey, achieved-rent validation and legal-pack review. Do not rely on the guide or GDV without confirming condition and total fees.

Works Required

No specific defects or works are evidenced. Obtain a survey and legal-pack review before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a provisional £200,000 GDV, 75% refinance equates to £150,000. Total acquisition and refurbishment costs cannot be established, so cash left in and viability remain unquantified.

Buy-to-Let Analysis

The advertised rent of £1,550 pcm implies £18,600 annually and a 9.30% gross yield against the £200,000 guide. Net yield cannot be established because refurbishment, finance, insurance, tax and other acquisition costs are unavailable. Asking rent is not achieved rent.

Flip Analysis

A provisional resale value of £200,000 is supported by the supplied comparables, but condition, refurbishment costs, selling costs and special-condition charges are unknown. Flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Property condition and refurbishment requirements are not evidenced.

• The £1,550 pcm figure is an advertised asking rent, not achieved rent.

• Buyer premium is unspecified and additional legal, search, transfer or seller-cost charges may apply.

• Comparable bedroom counts and internal condition are not supplied.

• The auction price may exceed the £200,000 guide.

Recommendation

Potential BTL subject to survey, achieved-rent validation and legal-pack review. Do not rely on the guide or GDV without confirming condition and total fees.

Strategy Rating

Analysis Confidence

There are multiple same-road completed sales and one rental asking figure, but condition, bedroom detail for comparables, refurbishment costs, EPC, buyer premium and special-condition costs are missing.