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Great Southsea Street, Southsea

Key features

  • Planning permission granted for 4 x four-bedroom townhouses
  • Comprising 2 conversion units and 2 new-build homes
  • Prime residential-led redevelopment opportunity
  • Former established restaurant premises in a prominent location
  • Attractive family housing product in a high-demand market
  • Excellent connectivity to Portsmouth city centre, Southsea seafront and transport links
  • Potential Gross Development Value (GDV) in excess of £3.1 million
  • Opportunity for strong developer margin and value enhancement
  • Rare consented scheme in an increasingly constrained planning environment

Description

An outstanding opportunity to acquire a fully consented residential development site in a prime Portsmouth location, formerly occupied by the well-known Carter & Co restaurant.

Planning permission has been granted for the development of 4 substantial four-bedroom townhouses, comprising a blend of 2 high-quality conversions and 2 newly constructed dwellings. The scheme offers an attractive mix of character retention and modern new-build accommodation, designed to appeal strongly to the family housing market within Portsmouth and Southsea.

The approved development provides purchasers with the ability to move immediately toward implementation, significantly reducing planning risk and accelerating delivery timescales.

The scheme is expected to deliver spacious, high-specification family homes, benefiting from strong owner-occupier and premium rental demand across the local market. Portsmouth continues to experience sustained residential growth driven by ongoing regeneration, limited housing supply and increasing demand for quality accommodation close to the waterfront and city amenities.

Consented development opportunities of this scale and nature remain exceptionally limited within the city, particularly those capable of delivering both immediate implementation potential and strong end values.

Brochures

Great Southsea Street, SouthseaBrochure
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Great Southsea Street, Southsea

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Affordability

Monthly repayments£7,522
Property: £ 1,500,000
Deposit: £ 150,000
Interest rate: 5.33%
Term: 30 years
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About Bernards Estate and Lettings Agents, Southsea Office

8 Clarendon Road, Southsea, PO5 2EE
Industry affiliations:

Bernards Estate Agents are an award-winning, independent estate agency with a strong network of offices across the South Coast, proudly serving our communities from Southsea, Portsmouth, Drayton, Waterlooville, Havant, Gosport, Fareham and Lee-on-the-Solent.

As a locally owned business with deep roots in the areas we serve, our team are passionate local people who truly understand the property market and the communities within it. With decades of combined experience, a strong local presence, and hundreds of recommendations from satisfied clients, Bernards have become the agent of choice for sellers, buyers, landlords and tenants across the region.

Our extensive team allows us to provide a fully comprehensive service, with dedicated in-house specialists covering every aspect of the property journey, including:

• Residential Sales

• Residential Lettings

• Land & New Homes – supporting developers and buyers with new build opportunities

• Bernards Commercial – our specialist commercial property division

• Dack Property Management – providing expert block and estate management services

• Bernards Mortgages – offering independent mortgage advice to help you secure the best deal

To ensure a seamless experience from start to finish, we also have dedicated in-house teams for marketing, sales progression and property management, meaning your move is handled by experienced professionals every step of the way.

We are widely recognised for our marketing and social media presence, combining high-quality photography, video, digital campaigns and strategic promotion to ensure our clients’ properties reach the widest possible audience. Our innovative approach consistently delivers outstanding results for sellers and landlords alike.

Above all, Bernards pride ourselves on delivering honest advice, proactive communication and exceptional customer service, helping thousands of people successfully move home every year.

You Can Trust We're Proud Members Of:

We are proud members of the National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA), and are registered with The Property Ombudsman, ensuring our service adheres to the highest professional and ethical standards within the industry.

For complete peace of mind, we also carry Professional Indemnity Insurance and Client Money Protection Insurance, protecting both our clients and their funds at every stage of the process.

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Disclaimer - Property reference 34687259. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bernards Estate and Lettings Agents, Southsea Office. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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