Flat 12 The Crescent, Portsmouth, Hampshire, PO1 3SY

Description

A ground floor one-bedroom flat with an open plan living area and kitchen, a bedroom, a bathroom, a spacious terrace and allocated parking. The total approximate floor area, taken from the EPC, is 36m2. All services and appliances have not and will not be tested.

Accommodation

Open plan living area and kitchen, bedroom, bathroom, spacious terrace and allocated parking.

Location

The Crescent, Portsmouth, Hampshire.

Tenure / Property Information

Investment Analysis

The evidence includes five completed sales in The Crescent Building, ranging from £184,000 to £297,000. The two most recent sales were £230,000 in September 2024 and £260,000 in November 2025. A base GDV of £245,000 is used as a simple midpoint, with a supported scenario range of £230,000–£260,000. The comparables do not provide bedroom, floor area, terrace, parking or condition details, so this is indicative only.

Investment Snapshot

Strategy Recommendation

Potentially attractive BTL or BRRR candidate at the guide, subject to confirming achieved rent, service charge, legal-pack costs, lease terms and property condition. Do not bid on GDV alone.

Works Required

No specific refurbishment works are evidenced. The services and appliances are untested, so inspection and legal-pack review are required before budgeting any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £245,000 base GDV, 75% refinance is £183,750, above the £140,000 guide and the £1,680 buyer premium. However, refurbishment costs, service charge, other purchase disbursements, finance costs and tax are unknown, so total cash required and cash left in cannot be calculated reliably.

Buy-to-Let Analysis

At the £140,000 guide, advertised rent evidence of £1,250–£1,375 pcm implies a gross yield of approximately 10.71%–11.79% before service charge, insurance, maintenance, voids, management, finance and tax. The £1,250 listing is for a one-bedroom property in the same postcode; both figures are asking rents rather than achieved rents. Service charge remains unknown.

Flip Analysis

The indicative GDV range is £230,000–£260,000 against a £140,000 guide, but no supported works budget or selling-cost allowance is available. A reliable flip surplus therefore cannot be calculated. The sales evidence also lacks sufficient unit-specific detail to confirm direct comparability.

Investor Risks & Due Diligence

• Service charge is unknown and may materially affect net yield.

• Services and appliances have not been tested.

• Advertised rents are not achieved rents.

• Comparable sale details do not confirm matching size, floor, terrace, parking or condition.

• Additional search fees, seller costs, legal fees, transfer fees and other disbursements may apply.

• Leasehold costs and legal-pack terms require verification despite the stated 177-year term and £150 annual ground rent.

Recommendation

Potentially attractive BTL or BRRR candidate at the guide, subject to confirming achieved rent, service charge, legal-pack costs, lease terms and property condition. Do not bid on GDV alone.

Strategy Rating

Analysis Confidence

There are recent same-building completed sales and one same-postcode one-bedroom rental listing, but comparable unit specifications, service charge, condition, additional fees and refurbishment requirements are unavailable.