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See how verdicts work1-bedroom house · PO16 7US
Sold STCReduced £7k (−4.8%) on 26 OctListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION A wonderful opportunity to purchase this well-presented one bedroom ground floor retirement apartment which has the significant benefit of overlooking the well-tended communal garden.
Moresby Court is situated within the heart of Fareham town centre and its amenities are within a short walking distance.
The internal accommodation comprises entrance hall, 22' living room with access onto the communal garden, modern fitted kitchen and shower room and a double bedroom.
The development benefits from communal parking, buggy store, secure intercom system, pull cord alarms, house manager, residents' lounge, laundry room, lift to all floors and well-tended gardens.
Viewing is strongly recommended by the sole agents. SECURE INTERCOM ENTRY SYSTEM Leading to: COMMUNAL ENTRANCE HALL Stairs and lift to all floors.
Private front door to: ENTRANCE HALL Airing cupboard with 'Gledhill' water tank. Intercom system.
Doors to: LIVING ROOM Double glazed door leading to the communal garden and double glazed window to the rear aspect. Modern fitted electric fireplace. Electric programmable wall heater.
Pull cord alarm system. TV display unit and matching drawer unit and storage unit to remain. KITCHEN Double glazed window overlooking the communal garden.
Modern fitted kitchen with matching wall and base units with inset porcelain sink and drainer. Four ring induction hob. Fitted combination oven. Glass splashback and extractor above.
Fitted oven/grill and combination oven. Integrated fridge/freezer. Vinyl flooring. Pull cord alarm system. BEDROOM Double glazed window to the rear aspect overlooking the communal garden.
Range of fitted wardrobes with ample storage and matching bedside tables. Electric programmable wall heater. Pull cord alarm system.
SHOWER ROOM Modern suite fitted in 2025 by accessibility bathroom specialists, AJT Showers, comprising; double shower cubicle with wall mounted shower unit, vanity wash hand basin with storage beneath and low level WC.
Electric heated towel rail. Tiled walls. OUTSIDE Access from the living room to a well-tended communal garden and patio. The development has a residents' communal lounge with a kitchen.
There is also a communal laundry room and a guest suite available for residents for overnight stays, subject to availability. Communal parking.
LEASE INFORMATION Remainder of 125 year lease from September 1998 (98 years remaining). Ground rent: £308.52 for the period 01/03/2026 to 31/08/2026 (£617.04 per annum).
Maintenance/Service Charge: Payable half yearly: £1,340.32 for the period 01/03/26 to 31/08/26 (£2,680.64 per annum, to include buildings insurance). COUNCIL TAX Fareham Borough Council. Tax Band B.
Payable 2026/2027. £1,765.98.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Moresby Court, Fareham
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