1-bedroom house · PO5 3NW
Listing removedListed 220 days
Opportunity summary
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About
We are pleased to bring to the market this 1 bedroom 6th floor retirement apartment with delightful sea views. The property has just been redecorated and new carpets fitted.
The accommodation comprises a double bedroom with fitted bedroom furniture, lounged/dining room, fitted kitchen with appliances, shower room with non slip flooring.
The development offers a communal car park, laundry room, residents lounge/kitchen, guest suite, games room with terrace area, 8th floor observation deck with large roof terrace, on site house manager and lift to all floors.
The property is being offered with no onward chain and will give you peace of mind with emergency pull cords/care line.
This development is located in the heart of Southsea and benefits from local amenities including restaurants, cafes, bars, shops, bus routes, Gunwharf Quays and several train stations.
Call now to arrange your accompanied viewing. Communal Entrance - Security intercom system leading to communal entrance lobby, stairs and lift to 6th floor.
Flat front door to: Entrance Hall - Newly fitted carpet, coved ceiling, emergency pull cord, storage cupboard housing hot water tank and electric meter.
Lounge/Dining Room - 5.3 x 3.2 (17'4" x 10'5") - 2 double glazed windows to front with delightful sea views over The Solent and Portsmouth Harbour entrance.
Electric night storage heater, electric fire with fire surround, coved ceiling, security entry phone, newly fitted carpet, archway to: Kitchen - 2.2 x 1.6 (7'2" x 5'2") - Double glazed window to front with delightful sea view.
Single drainer stainless steel sink unit with wall and base cupboards. Electric cooker, tall fridge freezer, tiled walls, vinyl flooring, coved and textured ceiling.
Bedroom - 3.8 x 3 (12'5" x 9'10") - Double glazed window to front with delightful sea views. Range of fitted bedroom furniture including wardrobes, drawers and bedside cabinets.
Electric heater, newly fitted carpet.
Shower Room - 1.5 x 2.3 narrowing to 1.6 (4'11" x 7'6" narrowing - White suite comprising walk in shower with seat, WC, wash hand basin with cupboards below, heated towel rail, coved ceiling, extractor, non slip flooring.
Additional Information - Tenure - Leasehold Length of Lease - 125 years from 1st November 1987 (87 years remaining approximately) Service Charge - £4462.82pa (Includes buildings insurance) Ground Rent - £1095.80pa The information provided about this property does not constitute or form part of an offer or contract, nor may it be used as a representation.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply they have been tested.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About Clarence Parade, Southsea
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