# 2 bedroom flat for sale (PO5 4EF)

## Property Details

| Key | Value |
|-----|-------|
| Address | 3, THE HORSESHOE APARTMENTS, 1 - 3, KINGS ROAD, SOUTHSEA, PORTSMOUTH PO5 4EF |
| Price | £200,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £187,000 Aug 2018 |

## 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.

## Property Photos

- ![IMG_0016-IMG_0018.jpg](/listings/photos/146228984/610713) - IMG_0016-IMG_0018.jpg
- ![46FFAEC7-06D1-41DA-A976-61F2B103989C_1_201_a.jpeg](/listings/photos/146228984/610720) - 46FFAEC7-06D1-41DA-A976-61F2B103989C_1_201_a.jpeg
- ![2A4C423F-3803-4EF2-89F8-4A5523E27908_1_201_a.jpeg](/listings/photos/146228984/610728) - 2A4C423F-3803-4EF2-89F8-4A5523E27908_1_201_a.jpeg
- ![F95F2CD5-8849-4996-B632-D72464AF9785_1_201_a.jpeg](/listings/photos/146228984/610736) - F95F2CD5-8849-4996-B632-D72464AF9785_1_201_a.jpeg
- ![D0DB43F7-32C9-494A-BF78-D2E5AFB17DAE_1_201_a.jpeg](/listings/photos/146228984/610750) - D0DB43F7-32C9-494A-BF78-D2E5AFB17DAE_1_201_a.jpeg
- ![1F41878A-6454-4DDD-80D2-61CA91BAD9CC_1_201_a.jpeg](/listings/photos/146228984/610758) - 1F41878A-6454-4DDD-80D2-61CA91BAD9CC_1_201_a.jpeg
- ![D271FC6D-D52C-4944-810F-1B056B7943D1_1_201_a.jpeg](/listings/photos/146228984/610765) - D271FC6D-D52C-4944-810F-1B056B7943D1_1_201_a.jpeg
- ![AAEE859E-96AF-4766-8575-2247EDAF1FB2_1_201_a.jpeg](/listings/photos/146228984/610770) - AAEE859E-96AF-4766-8575-2247EDAF1FB2_1_201_a.jpeg

## Floorplans

- ![3TheHorseshoeApartmentsKingsRoadSouthseaPO54EF-Hig](/listings/photos/146228984/610783) - 3TheHorseshoeApartmentsKingsRoadSouthseaPO54EF-Hig

## EPC Graphs

- ![EE Rating](/listings/photos/146228984/610790) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE HORSESHOE APARTMENTS, 1 - 3 3 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF | £187,000 | 23/08/2018 | Flat |
| THE HORSESHOE APARTMENTS, 1 - 3 3 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF | £165,000 | 29/07/2016 | Flat |
| THE HORSESHOE APARTMENTS, 1 - 3 3 KINGS ROAD, SOUTHSEA, PORTSMOUTH, PO5 4EF | £198,995 | 24/02/2005 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| 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)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £160,066 (38 Flat, PO5, 2024–2026)
- **Deviation:** +24.9%

## Rental Range

*ONS Price Index of Private Rents (Portsmouth). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,226/mo
- **Realistic:** £1,362/mo
- **Optimistic:** £1,498/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Portsmouth (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £843/mo

## 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 Flat, North Grove House, PO5 | £1,199/mo | 2 | 0.4 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: £1,537/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.64% (weak for cashflow)
- **Max investor price (0.8%):** £159,375
- **Target investor price (1%):** £127,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,275/mo).*

- **Gross yield:** 7.7%
- **Cost-to-rent:** 13.1×
- **Monthly cashflow:** £335/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6.9%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).*

## Capital growth trend

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

- **5y growth:** -6%
- **10y growth:** 2.7%

## House Price Index (HM Land Registry)

*Official index for Portsmouth; Flats and maisonettes series; as of March 2026.*

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

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)