Compass Point opens in Hilsea

For years Portsmouth was famous for two things - the Royal Navy and the Historic Shipyard – and whilst the port continues to define the city, its economy is gradually being reorganised around leisure, tourism, high-tech industries and education.

This economic progress is now driving Portsmouth’s housing boom and the latest residential development in Hilsea is the best evidence of this. New properties at Compass Point, Persimmon’s second development the city, have just been released to buyers.

Rob Allen, sales director for Persimmon Homes South Coast, comments: “Portsmouth is an exciting city which offers a relaxed coastal lifestyle coupled with strong career prospects.

“We continue building in Portsmouth to help satisfy the growing demand for high quality contemporary housing that attracts an aspirational mobile buyer.”

The site will comprise a total of 90 homes in a mix of one and two bedroom apartments and two and three bedroom homes. Expected to appeal to a broad range of buyers, Compass Point will offer plenty of parking for its residents and, like all new developments, host a number of affordable homes to help local residents get onto the property ladder.

New homes in Hilsea will offer a generous level of specification including designer kitchens and stylish bathrooms. The majority of the properties will also have convenient cloakrooms and en-suite facilities all of which add to the distinctive benefits of choosing a brand new home.

Having replaced a defunct navy depot, Compass Point draws on Hilsea’s naval heritage whilst injecting new life to the area. With building work on schedule, first residents are expected to be moving into their new homes at the end of this year, so now is the time to secure an off-plan property at a greta price.

Just like Persimmon’s Dickens Quarter development located near Portsmouth the city centre, Compass Point, situated just off Matapan Road, will provide easy access to the A3, M27 and A27, convenient for reaching Guildford, Southampton, Brighton and subsequently London.

Prices at Compass Point start from £134,950 for one bedroom apartments and £179,950 for two bedroom homes.

Persimmon is currently offering the ‘Move in for £99’ initiative which allows buyers to secure a new home without breaking the bank, as the stamp duty and the five per cent deposit are paid for by the housebuilder who also contributes towards legal and mortgage fees.

For further information visit Persimmonhomes.com.