Festing Grove, Southsea, Hampshire

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.