2-bedroom house · PO11 9ED
Sold STCListed 74 days
Opportunity summary
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About
Arden & Way are delighted to offer for sale this well-presented two-bedroom, first-floor retirement apartment, available to residents aged 60 years and over.
Situated in a popular and convenient location, this lovely apartment is within easy walking distance of local shops and bus routes, with the Health Centre, Mengham and its range of amenities also close by.
The seafront is within easy reach, offering pleasant coastal walks and the opportunity to enjoy the fresh sea air.
Built by a local builder, the property offers comfortable and well-proportioned accommodation and benefits from UPVC double glazing throughout.
The accommodation comprises an entrance hallway, spacious lounge/diner, fitted kitchen, two bedrooms and a shower room.
The lounge/diner is a bright and welcoming room with a wide UPVC double-glazed window overlooking the rear, while the fitted kitchen offers a good range of units, built-in oven and hob, integral dishwasher and space for further appliances.
Both bedrooms are well proportioned, with the principal bedroom benefiting from a built-in double wardrobe, ceiling fan and rear aspect.
The shower room is fitted with a modern white suite and wide shower enclosure.
Outside, residents can enjoy the communal gardens, and the property also benefits from an allocated off-road parking space — a particularly useful feature for retirement living.
Havant Town Centre is approximately a 15-minute drive away and offers a wider range of shopping and leisure facilities, together with a mainline railway station providing services towards London.
We feel this is an ideal opportunity for anyone looking for a comfortable and conveniently located retirement home and would be delighted to arrange a viewing.
Viewing is strictly by appointment through Arden & Way. Tenure: Balance of 125-year lease from 1998. Service Charge: Approximately £1,200 per annum. Ground Rent: £300 per annum.
Council Tax: Band B – Havant Borough Council.
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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