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See how verdicts work1-bedroom flat · PO7 5XT
Listing removedListed 185 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This purpose-built first floor retirement flat, for the over 60's, is set within an established block in a most convenient location, close to local amenities.
Offered for sale with no forward chain, internal viewing is essential.
Features include a secure entry system and emergency care line, double glazing, electric heating, an impressive re-fitted shower room, double bedroom, lounge/diner and kitchen.
There is a guest suite for visitors, a residents lounge/meeting room, communal gardens and parking. Appointments to view may be made through Pearsons in Waterlooville.
COMMUNAL ENTRANCE With entrance doors from both the front and the rear of the building having a security intercom system with access to the guest suite (maybe hired by prior arrangement), residents' lounge/meeting room, stairs and lift to the first floor.
HALL Wall-mounted electric heater, security intercom/alarm, built-in linen/store cupboard with hot water heater, shelving and fuse box.
SHOWER ROOM Re-fitted and offering an impressive walk-in shower with grab rails, seat and Mira shower, part wall tiling, wash basin with cupboards below, close-coupled wc, chrome ladder radiator, illuminated wall mirror, extractor fan, emergency pull cord and shelving in recess.
BEDROOM Double glazed window overlooking the gardens, night storage heater, emergency pull cord and built-in double wardrobe.
LOUNGE/DINER Double glazed window overlooking the gardens, wall-mounted electric heater, emergency pull cord and sliding door to: KITCHEN Matching units with roll edge worktops, inset single drainer sink, inset four-ring electric hob with under oven and extractor canopy over, part wall tiling, spaces for washing machine and fridge/freezer, double glazed side window.
OUTSIDE There are communal gardens which are maintained as part of the service agreement.
A side drive leads around to the rear and the communal parking area and the gardens, where there is a seating area and clothes dryers.
COUNCIL TAX Band B, Havant Borough Council £1804.66 pa (2026/2027). LEASE INFORMATION 125 years from 25th March 1988. 86 years remaining. GROUND RENT £75.00 per annum.
SERVICE CHARGE £3850.32 per annum.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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.
Area
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FAQ
About Stakes Road, Purbrook
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