London Road
A premium 13-bed Co-Living HMO in Portsmouth.
Transforming a commercial unit into en-suite accommodation with communal spaces, strong transport links, and high investment potential in a thriving port city.
Purchase Price: £375,000
Expected Build Cost: £720,000
Expected Rental Income Per Annum: £132,600
Estimated GDV: £1,400,000-£1,560,000
Overview
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Location: Portsmouth, UK
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Property Type: Double-fronted commercial unit with offices (rear & first floor)
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Proposed Development: 13-bed Co-Living HMO®
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Room Configuration: 13 en-suite bedrooms
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Communal Spaces: Ground floor kitchen diner and separate cinema room. 2nd floor co-working kitchen.
Strategy
Situated in the heart of Portsmouth, this development will transform a double-fronted commercial unit with rear and first-floor office spaces into a premium 13-bed co-living, Next Level HMO®. Designed to meet the evolving needs of modern tenants, this property will offer high-quality en-suite accommodation alongside exceptional communal spaces on the ground floor.
The strategic vision for this project was to secure full planning permission for a 13-bed HMO, ensuring each room is en-suite for optimal tenant comfort. This was achieved in 2023 and work started in 2024 to bring this project to life.
The ultimate result we are aiming for is an eco-HMO, a property with very low running costs and high eco-credentials. We are using green technology - air source heat pumps, heat recovery and solar panels to achieve this. This is as well as getting the property as air tight as possible to ensure maximum impact.
Location
Located in Portsmouth, a vibrant port city on the South Coast of England, the property benefits from a population of over 238,000, excellent transport links, and a thriving employment base, including the historic dockyard and multiple FTSE 250 companies. With close proximity to essential amenities, transport, and lifestyle facilities, this development is poised to deliver high-yield, long-term investment returns while providing a superior tenant experience.
In The Press
In September 2023, we were delighted to invite Property Investor News Editor, Richard Bowser, down to portsmouth to discuss and see this exciting project first hand.
Click below to read the article in full.
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