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Two-bedroom apartment with secure parking

Fratton, PO1 - Get Access

2 bed 1 bath

Description

Pattinson Auction present a well-presented two-bedroom apartment, offered to the market with tenants in situ and generating an attractive gross yield of approximately 8.5% based on the asking price. Situated within a purpose-built development on Nancy Road, the property enjoys a highly convenient location within easy reach of Portsmouth City Centre, Commercial Road shopping facilities, Portsmouth and Southsea railway station, and a wide range of local amenities. The accommodation comprises a spacious living room, fitted kitchen, two double bedrooms, and a family bathroom. Additional benefits include secure entry to the building, gated undercroft parking, lift and stair access, and well-maintained communal areas throughout. An ideal addition to any investment portfolio, the property offers immediate rental income from completion and a strong yield in a sought-after central location. The development occupies a prominent corner position within the city centre, offering convenient access to shops, restaurants, transport links, and local amenities. Bedroom 2 provides a double bedroom offering ample space for bedroom furniture, with a large window providing good natural light and flexible accommodation that could equally serve as a guest bedroom, children's room, or home office. The bathroom is fitted with a white suite comprising a panel-enclosed bath with shower over, wash hand basin with storage beneath, and WC, arranged to make efficient use of the available space with tiling and shelving providing practical storage and functionality. Bedroom 1 is a spacious double bedroom benefiting from a large window allowing plenty of natural light and comfortably accommodating a range of bedroom furniture as an inviting principal bedroom. The reception room is a generously sized living room providing plenty of space for family seating and additional furniture in a practical layout. The kitchen is fitted with a range of wall and base units, providing practical workspace and storage complemented by integrated cooking appliances and space for additional white goods, with a rear-aspect window creating a functional, well-organised space. Parking is provided via secure gated undercroft parking for residents.
Comparable sales
Flat 9, 1, Nancy Road, PO1 5DF 0.0 mi
Flat • Mid-Terrace 3 rooms EPC C (2023)
549 sq ft
£112,500
2 years ago
Flat 40, 1, Nancy Road, PO1 5DF 0.0 mi
Flat • Mid-Terrace 3 rooms EPC D (2020)
904 sq ft
£140,000
1 year ago
Flat 40, 1, Nancy Road, PO1 5DF 0.0 mi
Flat • Mid-Terrace 3 rooms EPC D (2020)
904 sq ft
£140,000
1 year ago
Estimated market value
£
Range: £ — £
Medium confidence Floor Area Estimated: 650 sq ft

This two-bedroom, one-bathroom purpose-built flat is set within a central Portsmouth location on Nancy Road. The property presents in good, habitable condition with minor cosmetic wear to carpets and dated finishes. Floor area is estimated at 650 sq ft for internal valuation purposes.

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