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72 & 74 Festing Grove, Southsea, City of Portsmouth, PO4 9QD
For saleReduced 2 Apr 2026
£1,100,000Guide price

72 & 74 Festing Grove, Southsea, City of Portsmouth, PO4 9QD

15bedrooms
14bathrooms
Block of Apartmentstype
Freeholdtenure

Listed 2 Apr 2026 · price reduced 2 Apr 2026 · Portsmouth

How the price compares

This home£1,100,000
Median 15 bed in Portsmouth£1.1m1 homes listed
Difference0%in line with the area

About this home

FOR SALE BY COMMITED SALE -

Fully Licensed Pair of HMOs (15 Rooms, 18 Tenants) £127,560 Annual Income 11.60% Gross Yield Prime Southsea Location Near Seafront, University & Employers Professional Tenants Excellent Transport Links Regeneration Area Turnkey Investment

This pair of adjacent HMOs, comprising 15 letting rooms and licensed for 18 tenants, presents a rare high-income investment opportunity in Southsea. Fully let to working professionals, the properties generate £127,560 in annual rental income, delivering a strong gross yield of 11.60% with stable occupancy and dependable cash flow. Ideally situated near the seafront, the University of Portsmouth, shops, and major employers, the location ensures consistent tenant demand, while excellent rail connections to London and Southampton, alongside easy access to the M27, A3, and ferry routes, enhance its commuter appeal. With large-scale regeneration across Portsmouth and Southsea's city centre and waterfront set to further drive demand and long-term capital appreciation, this portfolio represents a secure, income-generating opportunity in one of the South Coast's most resilient and desirable rental markets.

Property details

Property type
Block of Apartments
Tenure
Freehold
Parking
Yes

Floorplan

Floorplan 1Floorplan 2

Location

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  • Fratton Station0.9 mi
  • Portsmouth & Southsea Station1.5 mi
  • Portsmouth Harbour Station2.0 mi

What nearby homes sold for

Median sold prices in PO4 over the last 12 months: terraced £275k · flat £167k · semi-detached £376k · detached £665k.

AddressTypeSoldPrice
78 Festing Grove
Southsea PO4 9QD
Semi-detached
Freehold
19 May 2026£650,000
82 Festing Grove
Southsea PO4 9QD
Semi-detached
Freehold
18 Sept 2025£440,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in PO4

Buying costs

Monthly repayment£5,503£110,000 deposit · £990,000 loan
Stamp Duty£53,750England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by HMOX Ltd, Bournemouth on Rightmove (original listing). First listed 2 Apr 2026; details checked 7 Nov 2026. Latest change: reduced on 02/04/2026.

Agent disclaimer

Disclaimer - Property reference 339695. 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 HMOX Ltd, Bournemouth. 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.