1-bedroom house · PO13 9FE
For saleListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor retirement apartment for the over 60`s located close to sea font. The accommodation offers lounge, separate kitchen and shower room.
Communal facilities include residents lounge, laundry room, car park and garden. Communal Entrance Secure entry system, residents lounge, communal laundry room, guest suite to hire.
The flat is located on the ground floor. Entrance Hall Emergency assistance call panel incorporating door entry system, meter cupboard, coved ceiling, storage cupboard with hot water cylinder.
Lounge - 24'11" (7.59m) x 10'5" (3.18m) narrowing to 6`8 (2.03m), Double glazed window, fireplace with electric fire, storage heater, coved ceiling.
Kitchen - 7'5" (2.26m) x 6'6" (1.98m) Average, Single drainer stainless steel sink unit, wall and base cupboards with worksurface over, built in oven and 4 ring electric hob with cooker extractor canopy over, integrated fridge and freezer, double glazed window, tiled splashbacks, coved ceiling, extractor fan Bedroom - 19'5" (5.92m) Plus Recess x 9'3" (2.82m) narrowing to 5`4 (1.63m), Electric panel heater, double glazed window, built in cupboard with mirror folding doors, coved ceiling.
Shower Room Double size shower cubicle, vanity hand basin, low level W.C., tiled walls, extractor fan, heated towel rail, wall mounted fan heater, emergency assistance pull cord.
Agents Note The property is a retirement property for those capable of independent living. One party would need to be of the age of 60, and if buying with a partner, the other can be 55.
Outside Communal gardens to front and residents scooter and parking area to the rear, subject to availability.
Services We understand that this property is connected to mains electric, water and sewage. There is no gas to this property. Tenure Leasehold.
Balance of a 125 year lease from 1st November 2007, Current ground rent £212 every 6 months, current maintenance charge £2930.49 per annum, which includes the water, sewage and building insurance.
We understand on the future sale of the property there is an exit fee for the owner at that time to pay.
Purchasers should be aware that they would need to be over the age of 60 to purchase and in the case of a couple, one must be 60 years and the partner must be 55 years or over.
The development is designed for independent, active living. There are no care related services available.
These details are provided to the best of our ability from the information provided to us by the owner, but a buyer should check the figures once the official leasehold enquiries from the management company/freeholder are received by their legal advisor as they can be subject to change.
This should be done before exchanging contracts to purchase the property. Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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FAQ
About Anchorage Court, Lee On The Solent
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