Festing Grove, Southsea, Hampshire
15 14
£1,150,000 Guide Price House of multiple occupation for sale
Description
Attractive High-Yield Quality Pair of HMOs
Address: 72 & 74 Festing Grove, Southsea, PO4 9QD
Property Type: Pair of Adjacent HMOs | 15 Letting Rooms | Licensed for 18 Tenants
Property Configuration:
1 x 1-Bed Flat with Kitchen, Bathroom and Sitting room
2 x 1-Bed HMO Rooms with Shared Kitchen and Bathroom
9 x 1-Bed Self-Contained Studios (Single Occupancy)
2 x 1-Bed Self-Contained Studios (Double Occupancy)
1 x 1-Bed HMO Room with Ensuite
Tenant Type: Fully Tenanted by Working Professionals
Investment Summary
This is a rare opportunity to acquire two high-performing, fully tenanted HMOs in the heart of Southsea. Offering a total of 15 well-presented letting rooms designed for 18 tenants, the properties at 72 & 74 Festing Grove generate an impressive £10,180 in monthly rental income, resulting in a gross annual income of £122,160.
With no gas usage, individual metered electricity (with partial landlord offset), and self-contained units dominating the layout, this portfolio offers easy management and efficient utility cost control—ideal for hands-off investors seeking robust cash flow in a consistently strong rental market.
Location & Tenant Demand
Portsmouth continues to rank as one of the South Coast’s strongest rental markets. Southsea, in particular, is a highly desirable residential area, with excellent access to the city centre, seafront, and transport connections. Portsmouth is home to major employers such as: The Royal Navy, BAE System and the University of Portsmouth.
These institutions fuel demand from students, key workers, and young professionals, ensuring high occupancy rates. Southsea’s vibrant cultural scene, seaside location, and local amenities make it a perennial favourite for renters.
Transport & Connectivity
Portsmouth offers excellent transport and connectivity, making it a strong location for HMO investments. The city is well-served by multiple railway stations, including Portsmouth & Southsea and Portsmouth Harbour, with direct services to London Waterloo in around 90 minutes. The M275 provides fast road access to the M27 and A3(M), linking Portsmouth to Southampton, Chichester, and London.
A comprehensive bus network and ferry services, including the Gosport Ferry and routes to the Isle of Wight, enhance local and regional travel. Ongoing infrastructure upgrades, including improved public transport and cycling routes, further boost accessibility. With a large student population and growing demand from young professionals, Portsmouth’s strong connectivity supports consistent rental demand, making it a compelling choice for HMO investors seeking reliable returns.
Financial Summary
Income Breakdown (Monthly):
72 Festing Grove:
Room 1a: £585.00
Room 1b: £640.00
Room 2: £650.00
Room 3: £715.00
Room 4: £635.00
Room 5: £585.00
Room 6: £715.00
Room 7: £700.00
74 Festing Grove:
Room 1: £835.00
Room 2: £795.00
Room 3: £670.00
Room 4: £650.00
Room 5: £600.00
Room 6: £695.00
Room 7: £710.00
Combined Total Monthly Income: £10,180.00
Total Annual Income: £122,160.00
Expenditure Breakdown (Monthly):
Gas: N/A
Electric: £1,000.00 (This is offset by landlord metering income of £625.00 pcm)
Water: £128.29
Council Tax: £115.00 (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%): £1,013.50
Total Monthly Expenditure: £2,490.19
Total Annual Expenditure: £29,882.28
Financial Performance:
Net Annual Income: £92,277.72
Gross Yield: 10.62%
Net Yield: 8.02%
Conclusion:
The properties 72 & 74 Festing Grove generate a combined annual income of £122,160, producing an impressive gross yield of 10.62%. With annual expenditure of £29,882.28, the net annual income stands at £92,277.72, resulting in a net yield of 8.02%. These figures indicate a strong investment opportunity with solid rental returns, located in a town with both current and future growth potential.
With a simple-to-run structure and strong tenant appeal, 72 & 74 Festing Grove are a standout option in the Southsea market—offering not just strong cash flow, but long-term capital appreciation potential.
HMO Sales Expert are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with NO BUYER FEES or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.
Gross Yield: 10.62%
Area Description
Portsmouth, a vibrant city on the south coast of England, offers an excellent investment opportunity, particularly in the residential rental market. The city boasts a diverse economy, with key sectors including maritime, defence, education, and retail. Portsmouth is home to the Royal Navy and major employers such as BAE Systems and the University of Portsmouth, making it a significant hub for both public and private sector employment. The city’s strategic location, with easy access to London and the wider South East, enhances its economic appeal, ensuring long-term demand for housing. With continued investment in infrastructure and key industries, Portsmouth remains a prime location for property investors seeking both stable returns and long-term capital growth.
Tenant demand in Portsmouth is consistently strong, driven by a combination of factors, including the city’s large student population, its vibrant job market, and its attractiveness to young professionals and key workers. The University of Portsmouth is one of the key drivers of demand for student accommodation, contributing to a steady need for shared housing and HMOs. Additionally, the city is popular with young professionals due to its thriving economy and its high quality of life, including proximity to the coast and cultural amenities. The properties at 72 & 74 Festing Grove, Southsea, PO4 9QD, are ideally located in a sought-after area with easy access to the city centre, local amenities, and transport links, making them ideal for a broad range of tenants.
Portsmouth benefits from excellent transport links, making it an attractive location for both tenants and investors. The city is served by Portsmouth and Southsea railway station, offering direct services to London, Southampton, and other major cities, making it a prime location for commuters. The city also has an extensive bus network and is well connected by road, with the A3 and M27 providing quick access to the wider region. The ongoing regeneration of areas like Southsea and the city centre promises improvements in infrastructure, public spaces, and housing, further boosting Portsmouth’s appeal. The city is home to numerous attractions, including the historic Portsmouth Dockyard, Southsea Pier, and the vibrant seafront, as well as a wide variety of shops, restaurants, and parks. These factors combine to make Portsmouth a desirable location for renters and a sound investment opportunity for property investors looking for strong rental yields and potential for capital appreciation.
Additional Details
- Bedrooms: 15 Bedrooms
- Bathrooms: 14 Bathrooms
- Ensuites: 13 Ensuites
- Kitchens: 13 Kitchens
- Tenure: Freehold
- Rights and Easements: Article 4 Area
- Risks: Ask Agent
Broadband Speeds
- Download: 3mbps - 1000mbps
- Upload: 0.5mbps - 1000mbps
Estimated broadband speeds provided by Ofcom for this property's postcode.
Features
- Prime South Coast Location – Portsmouth’s thriving economy, led by maritime, defence, and education, fuels steady tenant demand.
- Key Employment Hubs – Home to the Royal Navy, BAE Systems, and University of Portsmouth, driving consistent rental needs.
- Strong Tenant Demand – Large student population and growing workforce create ongoing demand for shared and self-contained housing.
- Excellent Transport Links – Direct trains to London and fast road access via the A3 and M27 enhance commuter appeal.
- Desirable Southsea Setting – Vibrant coastal area with strong local amenities, ideal for students and professionals alike.
- High-Yield HMO Pair – Fully let 15-room portfolio generating £122,160 annual income with strong monthly cash flow.
- Easy Management Model – Mostly self-contained units, no gas, and electric offset through metering simplify operations.
- Solid Net Returns – Produces £92,277.72 net income annually, achieving a gross yield of 10.62% and a net yield of 8.02%.
Enquiry
To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.
