Elm Grove, Southsea

Situated in the heart of Central Southsea, this spacious one-bedroom top floor apartment on Elm Grove offers an excellent opportunity for first-time buyers, investors, or anyone looking for a successful Airbnb-style property, with the apartment currently operating as a highly rated short-term let receiving consistent 5-star reviews.

Beautifully presented throughout the apartment and the communal areas, the property benefits from a newly fitted kitchen and modern new bathroom, alongside a bright and airy open-plan layout that creates a fantastic sense of space. The apartment offers well-proportioned accommodation with plenty of natural light, making it both practical and welcoming.

Further benefits include a share of freehold, as well as low ground rent and service charges, making this an attractive and cost-effective purchase.

Elm Grove is one of Southsea’s most vibrant and sought-after locations, well known for its independent coffee shops, popular restaurants, bars, convenience stores, and local amenities right on your doorstep. The property is also just a short walk from Southsea seafront, offering easy access to the beach, promenade, Palmerston Road shopping precinct, and transport links in and out of the city.

A fantastic opportunity to purchase a stylish and centrally located apartment in one of Southsea’s most desirable areas.

Investment Opportunity - PROPERTY INFORMATION
This property would make an excellent investment purchase or Airbnb opportunity due to its highly desirable Central Southsea location and strong rental demand. The apartment is currently utilised as a successful short-term let, consistently achieving 5-star guest reviews, making it an ideal turnkey investment for buyers looking to continue within the holiday let market.

For long-term rental investors, the property offers a potential rental return of approximately £950 PCM, providing an attractive 8% Net yield alongside exceptionally low ongoing costs, with the service charge and ground rent both approximately £50 per annum.

Its close proximity to the seafront, Palmerston Road, Gunwharf Quays, local transport links, bars, restaurants, and university amenities make it highly appealing to both tenants and short-term visitors alike, ensuring strong year-round demand.

Property Information - EPC Rating : D
Council Tax Band : A
Ground Rent : £50 per annum
Share of Freehold ; The lease is owned by the management company, Ash Lodge Residents Association Ltd of which all the property owners are automatically directors.
Service Charge : £50 per annum
Lease : 83 years - a lease extension has been requested.