Sold Flat

3

THE HORSESHOE APARTMENTS, 1 - 3, KINGS ROAD, SOUTHSEA, PORTSMOUTH PO5 4EF

2 beds 1 baths 667 sq ft Listed 28 Mar 2024 (-807d)

£200,000

Offers in Excess of

Reduced on 25 Jun 2024

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Property details

Tenure

LEASEHOLD (23228 years remaining on lease)

Floor area

62 m²

Year built

England and Wales: 2003-2006

Last sold

£187,000 Aug 2018

Price per m²

£3,226/m²

Local average

£160,066 (+24.9%)

Deprivation

Decile 5 (15,639 of 33,755)

Street crime

796 incidents within 1 mile (Apr 2026)

Key features

  • ALLOCATED PARKING
  • CHAIN FREE
  • CENTRAL SOUTHSEA
  • 2 BEDROOM FLAT
  • JULIETTE BALCONY
  • CLOSE TO SEAFRONT
  • IDEAL FIRST TIME BUY
  • WALK-IN SHOWER
  • INVESTMENT OPPORTUNITY
  • CALL TO VIEW

Additional details

Parking
Yes

Description

CHAIN FREE ALLOCATED PARKING

We are pleased to present this 2-bedroom flat in the heart of Southsea. Located in a purpose-built block on the corner of Kings Road, the property is in an extremely convenient area close to shops, bars, restaurants and Southsea Seafront.

Internally, the property consists of a double and a single bedroom, well presented bathroom with a walk-in shower, and a generously sized kitchen/lounge area with a juliette style balcony.

This apartment presents a brilliant opportunity to investors and first time buyers alike, or any buyer looking to find a property boasting off-road parking in central Southsea.

Kitchen/Lounge/Diner - 6.73 x 4.28 (22'0" x 14'0") -

Bedroom - 4.85 x 2.67 (15'10" x 8'9") -

Bedroom - 3.65 x 2.10 (11'11" x 6'10") -

Bathroom - 2.67 x 1.78 (8'9" x 5'10") -

Anti-Money Laundering (Aml) - Bernards Estate agents have a legal obligation to complete anti-money laundering checks. The AML check should be completed in branch. Please call the office to book an AML check if you would like to make an offer on this property. Please note the AML check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required. Please note we cannot put forward an offer without the AML check being completed

Bernards Mortgage & Protection - We have a team of advisors covering all our offices, offering a comprehensive range of mortgages from across the market and various protection products from a panel of lending insurers. Our fee is competitively priced, and we can help advise and arrange mortgages and protection for anyone, regardless of who they are buying and selling through.

If you're looking for advice on borrowing power, what interest rates you are eligible for, submitting an agreement in principle, placing the full mortgage application, and ways to protect your health, home, and income, look no further!

Council Tax Band B - Portsmouth City Council: BAND B

Leasehold Information - Lease Length: 106 Years Ground Rent: £150.00 Service Charge: £1,100.00
Please note that Bernard's Estate Agents have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.

Offer Check Procedure - - If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position. Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.

Removal Quotes - As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company. Please ask a member of our sales team for further details and a quotation.

Solicitor** - Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution. The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid. A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner. Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.

Listed by

Southsea Office

BERNARDS ESTATE AND LETTING AGENTS

Reference: 146228984

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

3TheHorseshoeApartmentsKingsRoadSouthseaPO54EF-Hig

3TheHorseshoeApartmentsKingsRoadSouthseaPO54EF-Hig

EPC Graphs

EE Rating

EE Rating

Price history

-6% since 2005

Event Date Price % change
Sold 23/08/2018 (7 years ago) £187,000 +13.3%
Sold 29/07/2016 (9 years ago) £165,000 -17.1%
Sold 24/02/2005 (21 years ago) £198,995

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
CORONATION HOUSE, 1 6 KINGS TERRACE, SOUTHSEA, PORTSMOUTH, PO5 3AR £300,000 19/12/2025 Flat
82 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4DN £200,000 18/12/2025 Flat
HARTFORD HOUSE FLAT 11 BLOUNT ROAD, PORTSMOUTH, PO1 2TN £240,000 29/10/2025 Flat
40 ST PAULS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4AF £63,000 13/11/2023 Flat
HARTFORD HOUSE FLAT 38 BLOUNT ROAD, PORTSMOUTH, PO1 2TW £290,000 05/07/2023 Flat
HARTFORD HOUSE FLAT 34 BLOUNT ROAD, PORTSMOUTH, PO1 2TN £280,000 02/05/2023 Flat
Same street THE HORSESHOE APARTMENTS, 1 - 3 14 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF £170,000 13/01/2023 Flat
8E LANDPORT TERRACE, PORTSMOUTH, PO1 2RG £160,000 02/12/2022 Flat
10 COPPER STREET, SOUTHSEA, PORTSMOUTH, PO5 3BJ £192,500 06/11/2022 Flat
65 YORKE STREET, SOUTHSEA, PORTSMOUTH, PO5 4EL £175,000 08/08/2022 Flat
HARTFORD HOUSE FLAT 8 BLOUNT ROAD, PORTSMOUTH, PO1 2TN £290,000 05/08/2022 Flat
21 - 22 FLAT 8 LANDPORT TERRACE, PORTSMOUTH, PO1 2RG £135,000 05/08/2022 Flat
HARTFORD HOUSE FLAT 4 BLOUNT ROAD, PORTSMOUTH, PO1 2TN £210,000 30/06/2022 Flat
46 YORKE STREET, SOUTHSEA, PORTSMOUTH, PO5 4EL £150,000 25/04/2022 Flat
CONSUL COURT, 16 - 17 14 LANDPORT TERRACE, PORTSMOUTH, PO1 2RQ £143,000 10/03/2022 Flat
68 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4DN £192,850 15/02/2022 Flat
46 ST PAULS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4AF £140,000 07/02/2022 Flat
CORONATION HOUSE, 1 4 KINGS TERRACE, SOUTHSEA, PORTSMOUTH, PO5 3AR £257,500 21/01/2022 Flat
51 YORKE STREET, SOUTHSEA, PORTSMOUTH, PO5 4EL £155,000 06/01/2022 Flat
8C LANDPORT TERRACE, PORTSMOUTH, PO1 2RG £195,000 16/11/2021 Flat
15 STONE STREET, SOUTHSEA, PORTSMOUTH, PO5 3BN £175,000 15/10/2021 Flat
Same street THE HORSESHOE APARTMENTS, 1 - 3 9 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF £188,000 30/09/2021 Flat
Same street THE HORSESHOE APARTMENTS, 1 - 3 8 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF £188,000 30/09/2021 Flat
Same street THE HORSESHOE APARTMENTS, 1 - 3 6 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF £188,000 30/09/2021 Flat

Street average: £183,500 (4 sales)

Area average: £197,193 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -9.5%
10y growth 2.2%

House Price Index (HM Land Registry — official index, not sold-price averages): Portsmouth. Series: Flats and maisonettes. As of March 2026.

1y (index) -4.1%
5y (index) 2.9%
10y (index) 22.7%

Rental Range

Estimated market rent for Portsmouth. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,226/mo
Realistic £1,362/mo
Optimistic £1,498/mo

Based on Local Authority from postcode lookup → Portsmouth.

LHA (30th percentile) floor for Portsmouth: £843/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop the terrace 0.0 miles
Bus stop Kings Road Junction 0.0 miles
Shop Webbies 0.1 miles
University St Andrew's Court Information Centre 0.3 miles
University Careers and Employability Service 0.3 miles
Train station Portsmouth and Southsea 0.5 miles
Train station Portsmouth Harbour 0.7 miles
Hospital Forton Medical Centre 2.2 miles
Hospital Elmleigh Hospital 7.0 miles

Street-level crime

Category Count
Violence and sexual offences 290
Anti-social behaviour 124
Shoplifting 80
Public order 63
Criminal damage and arson 49
Drugs 45
Other theft 43
Vehicle crime 32
Burglary 15
Robbery 14
Bicycle theft 13
Possession of weapons 13
Theft from the person 8
Other crime 7
Total incidents 796

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
St Jude's CofE Primary School Primary 0.2 miles Good — 5 Mar 2019
The Portsmouth Grammar School Other 0.2 miles (No rating)
Portsmouth High School Other 0.2 miles (No rating)
University of Portsmouth Other 0.3 miles (No rating)
Cottage Grove Primary School and Nursery Primary 0.3 miles Requires improvement — 2 Oct 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Nightingale Road, PO5 £1,200/mo 2 0.33 miles OpenRent
2 Bed Terraced House, Armory Lane, PO1 £1,850/mo 2 0.38 miles OpenRent
2 Bed Flat, North Grove House, PO5 £1,199/mo 2 0.4 miles OpenRent
2 Bed Flat, Gunwharf Quays, PO1 £2,500/mo 2 0.45 miles OpenRent
2 Bed Flat, Gunwharf Quays, PO1 £2,000/mo 2 0.46 miles OpenRent
2 Bed Flat, Gunwharf Quays, PO1 £2,250/mo 2 0.46 miles OpenRent
2 Bed Flat, St. Ursula Grove, PO5 £1,350/mo 2 0.47 miles OpenRent
2 Bed Flat, The Canalside, PO1 £2,400/mo 2 0.47 miles OpenRent

Average rent: £1,844/mo (8 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.96%
Max investor price (0.8%) £240,625
Target investor price (1%) £192,500
Gross yield 11.6%
Cost-to-rent ratio 8.7×
Monthly cashflow £920/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 19%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).