72 & 74 Festing Grove, Southsea, City of Portsmouth, PO4 9QD
- Unconditional Online Sale
- Offers in Excess of : £1,100,000
- Bedrooms: 15
- Bathrooms: 14
Fully Licensed Pair of HMOs (15 Rooms, 18 Tenants) | £127,560 Annual Income | 11.60% Gross Yield | Prime Southsea Location | Near Seafront, University & Employers | Professional Tenants | Excellent Transport Links | Regeneration Area | Turnkey Investment
Description
This pair of adjacent HMOs, comprising 15 letting rooms and licensed for 18 tenants, presents a rare high-income investment opportunity in Southsea. Fully let to working professionals, the properties generate £127,560 in annual rental income, delivering a strong gross yield of 11.60% with stable occupancy and dependable cash flow. Ideally situated near the seafront, the University of Portsmouth, shops, and major employers, the location ensures consistent tenant demand, while excellent rail connections to London and Southampton, alongside easy access to the M27, A3, and ferry routes, enhance its commuter appeal. With large-scale regeneration across Portsmouth and Southsea’s city centre and waterfront set to further drive demand and long-term capital appreciation, this portfolio represents a secure, income-generating opportunity in one of the South Coast’s most resilient and desirable rental markets.
Income Breakdown (Monthly)
| 72 Festing Grove: Room 1a: £585.00 |
| Room 1b: £640.00 |
| Room 2: £700.00 |
| Room 3: £735.00 |
| Room 4: £650.00 |
| Room 5: £585.00 |
| Room 6: £715.00 |
| Room 7: £720.00 |
| 74 Festing Grove: Room1: £900.00 |
| Room 2: £795.00 |
| Room 3: £690.00 |
| Room 4: £750.00 |
| Room 5: £695.00 |
| Room 6: £695.00 |
| Room 7: £775.00 |
| Total Monthly Income: £10,630.00 |
| Total Annual Income: £127,560.00 |
Expenditure Breakdown (Monthly):
| Gas: N/A |
| Electric: £458.00* |
| Water: £171.92 |
| Council Tax: £121.00 (Only applicable to Rooms 1a and 1b - All other rooms are responsible for their own Council Tax) |
| TV License: £15.00 |
| Broadband: £74.40 |
| Cleaner: £144.00 |
| Management (10%): £1,063.00 |
| Total Monthly Expenditure: £2,047.32 |
| Total Annual Expenditure: £24,567.84 |
| * Electricity costs are offset by Landlord metering payments from most of the studio units. Approx annual billing by British Gas £12,500, Approx Income from Landlord metering £7,000 - Net cost £5,500 = £458pm |
Investment Performance:
| Net Annual Income: £102,992.16 |
| Gross Yield: 11.60% |
| Net Yield: 9.36% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
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