2-bedroom flat · PO10 8LL
Listing removedListed 429 days
Opportunity summary
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About
Available with no forward chain, Treagust & Co is pleased to offer this two bedroom ground floor retirement apartment with direct access to a patio area and communal grounds beyond.
The front door opens into the entrance hall with two storage cupboards.
The kitchen is fitted with a range of wall and base units with planned appliance space, and has a door into the useful walk in larder cupboard.
The spacious sitting/dining room has a feature fireplace and door opening out to the patio. There are two bedrooms with the larger bedroom having a full wall of fitted wardrobes.
Completing the accommodation is the shower room featuring a shower cubicle, wc, washbasin and a heated towel rail.
Outside The property benefits from a patio area which opens onto the communal gardens.Off-road parking is available to the front of the property.
Merrivale Court is a retirement development for the over 60s and has residents parking, laundry room and communal lounge area as well as communal gardens.61 years remaining on the lease- lease started 23/8/1987 and ends 1/1/2086£170 per month maintenance chargeCharges reviewed 31st DecemberCouncil Tax Band- B The Area The village of Southbourne is approximately six miles to the east of the Cathedral city of Chichester with its famous Festival Theatre and nearby Goodwood estate.
A good range of local amenities are in Southbourne, including convenience stores, churches, doctors' surgery, and a gym and sports hall.
The village has primary and secondary schools, good bus links between Brighton and Portsmouth, and a railway station with links to the south coast, London, and further afield.
The South Downs National Park is just a short drive away and the head of Chichester Harbour is nearby in the hamlet of Prinsted and in neighbouring Emsworth with its specialist shops, restaurants and picturesque quay.
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 Merrivale Court, Southbourne
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