# 2 bedroom flat for sale (PO5 3HP)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 2, THROGMORTON HOUSE, 27, ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH PO5 3HP |
| Price | £175,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: before 1900 |
| Floor area | 74 m² |
| Last sold | £175,000 Mar 2026 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 24/01/2029
- **Current heating cost:** £368/year

### Recommendations
- Q (14,000)
- E (20)
- O3 (1,400)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8703-0355-0629-6426-4913)

## Description

For Sale: This generously proportioned, neutrally decorated flat is an ideal opportunity for both First-Time Buyers and Investors. Conveniently located in a highly sought-after location, this property is within walking distance to the beautiful Southsea Seafront, local amenities, and public transport links.

The flat comprises two sizeable double bedrooms. Bedroom one is the master bedroom, complete with built-in wardrobes, offering ample storage space. Bedroom two features a distinctive bay window, flooding the room with natural light. Both rooms provide a blank canvas ready for the new owners to make their mark.

The property also boasts a single well-appointed bathroom equipped with a heated towel rail and a shower over the bath.

The flat features a reception room, which is significantly spacious and bright, thanks to a large bay window. This room is perfect for both relaxing and entertaining guests.

The kitchen is smartly fitted with integrated appliances. It is designed with functionality in mind, making it a joy to cook in.

This property falls under Council Tax Band A and has an EPC rating of C, indicating a good level of energy efficiency. One of the key benefits of this property is the lack of an onward chain, making the purchase process potentially quicker and simpler. The property also has a history of strong rental income and offers scope for further improvement and value increase.

Don't miss out on this magnificent opportunity. Your dream home or investment property awaits you.

**IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:**

We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. 

SSE250244/2

## Property Photos

- ![Picture No. 12](/listings/photos/162981722/1305647) - Picture No. 12
- ![Picture No. 03](/listings/photos/162981722/1305648) - Picture No. 03
- ![Picture No. 04](/listings/photos/162981722/1305649) - Picture No. 04
- ![Picture No. 05](/listings/photos/162981722/1305650) - Picture No. 05
- ![Picture No. 11](/listings/photos/162981722/1305651) - Picture No. 11
- ![Picture No. 09](/listings/photos/162981722/1305652) - Picture No. 09
- ![Picture No. 08](/listings/photos/162981722/1305653) - Picture No. 08
- ![Picture No. 06](/listings/photos/162981722/1305654) - Picture No. 06
- ![Picture No. 07](/listings/photos/162981722/1305655) - Picture No. 07

## Floorplans

- ![Picture No. 01](/listings/photos/162981722/1305656) - Picture No. 01

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/162981722/1305657) - EPC Rating Graph

## FENSA Certificates

This property has 4 FENSA certificate(s) on record.

### FENSA Certificate #8603625
- **Address:** 17 Elphinstone Road, SOUTHSEA, PO5 3HP
- **Certificate Issued:** 26/12/2011
- **Work Completed:** 01/12/2011
- **Items:** 2 window(s), 2 door(s)

### FENSA Certificate #3983511
- **Address:** 17 Elphinstone Road, SOUTHSEA, PO5 3HP
- **Certificate Issued:** 28/08/2006
- **Work Completed:** 03/08/2006
- **Items:** 2 window(s)

### FENSA Certificate #3831568
- **Address:** 17 Elphinstone Road, SOUTHSEA, PO5 3HP
- **Certificate Issued:** 26/06/2006
- **Work Completed:** 09/06/2006
- **Items:** 5 window(s)

### FENSA Certificate #1003474
- **Address:** 17 Elphinstone Road, SOUTHSEA, PO5 3HP
- **Certificate Issued:** 19/09/2003
- **Work Completed:** 12/08/2003
- **Items:** 1 window(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| THROGMORTON HOUSE, 27 FLAT 2 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HP | £175,000 | 27/03/2026 | Flat |
| THROGMORTON HOUSE, 27 FLAT 2 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HP | £48,000 | 25/06/1999 | 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 |
|---------|-------|------|------|
| 10B ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HR | £167,000 | 19/12/2025 | Flat |
| RAFFLES COURT, 28 - 30 FLAT 9 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HR | £128,000 | 10/11/2023 | Flat |
| ELPHINSTONE FLATS 1 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HB | £262,000 | 11/10/2023 | Flat |
| 23 FLAT 1 SHAFTESBURY ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JP | £250,000 | 10/07/2023 | Flat |
| 39 FLAT 1 SHAFTESBURY ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JP | £58,000 | 21/06/2023 | Flat |
| 34 FLAT 3 ASHBURTON ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JT | £230,000 | 02/06/2023 | Flat |
| 6 FLAT 1 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HR | £198,000 | 24/03/2023 | Flat |
| ISABELLE COURT, 69A 9 OSBORNE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3LS | £242,000 | 13/01/2023 | Flat |
| 27A OSBORNE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3LR | £200,000 | 02/12/2022 | Flat |
| 24 FLAT 4 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HR | £174,000 | 15/11/2022 | Flat |
| 34 FLAT 1 ASHBURTON ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JT | £190,000 | 08/07/2022 | Flat |
| 10C ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HR | £182,000 | 28/04/2022 | Flat |
| [Same street] THROGMORTON HOUSE, 27 FLAT 6 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HP | £122,500 | 20/04/2022 | Flat |
| 45 FLAT 5 SHAFTESBURY ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JP | £150,000 | 05/04/2022 | Flat |
| 18 FLAT 2 ASHBURTON ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JT | £210,000 | 17/02/2022 | Flat |
| ISABELLE COURT, 69A 6 OSBORNE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3LS | £174,500 | 13/01/2022 | Flat |
| 26A ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HR | £170,000 | 21/12/2021 | Flat |
| 37 FLAT 4 ASHBURTON ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JS | £200,000 | 03/12/2021 | Flat |
| [Same street] 7 FLAT 1 ELPHINSTONE ROAD, SOUTHSEA, PORTSMOUTH, PO5 3HP | £196,000 | 01/12/2021 | Flat |
| 43 FLAT 6 SHAFTESBURY ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JP | £120,000 | 18/11/2021 | Flat |
| 43A ASHBURTON ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JS | £140,000 | 12/11/2021 | Flat |
| 43B ASHBURTON ROAD, SOUTHSEA, PORTSMOUTH, PO5 3JS | £140,000 | 12/11/2021 | Flat |

**Street average:** £159,250 (2 sales)
**Area average:** £179,275 (20 sales)

## Price vs local average

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

- **Local average:** £153,625 (44 Flat, PO5, 2024–2026)
- **Deviation:** +13.9%

## Rental Range

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

- **Low:** £1,229/mo
- **Realistic:** £1,366/mo
- **Optimistic:** £1,503/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 | £1,025/mo | 2 | 0.12 miles | OpenRent |
| 2 Bed Flat, Pelham Road, PO5 | £1,900/mo | 2 | 0.3 miles | OpenRent |
| 2 Bed Flat, Elm Grove, PO5 | £1,250/mo | 2 | 0.33 miles | OpenRent |

**Average rent: £1,392/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.71% (weak for cashflow)
- **Max investor price (0.8%):** £156,250
- **Target investor price (1%):** £125,000

*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 £1,250/mo).*

- **Gross yield:** 8.6%
- **Cost-to-rent:** 11.7×
- **Monthly cashflow:** £411/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9.7%

*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).*

## Price per Square Metre

- **£/m²:** £2,365/m²

## Capital growth trend

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

- **5y growth:** -23.6%
- **10y growth:** 1.9%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -3.6%
- **5y growth (index):** 2.7%
- **10y growth (index):** 23.7%

## 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)