1-bedroom flat · DT5 2NT
For saleReduced £5k (−6.7%) on 20 JunListed 1023 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Cash Buyers Only | Tenant in Situ. A Self Contained studio apartment situated on the isle of portland.
The Apartment is positioned on the Second Floor with lift access and comprises a studio room and shower room. It has a large double glazed window allowing for plenty of natural light.
The accommodation has a large open plan feel and includes a modern fitted kitchen with a range of wall and base level units.
Completing the accommodation is a modern fitted shower room, containing a corner shower cubicle, low-level W.C and pedestal wash hand basin.
The property is situated in Maritime house, ideally positioned at the South of Portland. Nearby, there are pleasant walks along the coast line.
The Island of Portland is a pleasant community and nearby Easton Square provides a range of shops and eateries.
The property is offered for sale with no onward chain and has plenty of parking on site on a 'first come, first served' basis.
*Due to the nature of the buildings construction, we advise that this property is only available to cash buyers only.
Living Room (6.04 (max) 2.49 (min) x 4.44 (19'9" (max) 8'2" (mi) Kitchen (2.47m x 1.04m (8'1" x 3'4")) Shower Room (2.47 x 1.49 (8'1" x 4'10")) Lease The vendor advises us the lease is 125 years from 2010.
Maintenance Charge The vendor advises us the current maintenance charge is £525.00 per annum Council Tax Council Tax Band A Buildings Insurance The vendor advises us the cost of buildings insurance is £195.00 per annum.
Additional Information The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.
Property type: Apartment Property construction: Non standard Mains Electricity Tenure: Leasehold, Leasehold, with a 125 year lease from new and 111 years remaining with a service charge of £525.00 per annum, buildings insurance is £195 per anum, No Pets, no holiday lets.
Mains Water & Sewage: Supplied by Wessex Water Heating Type: Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker.
Current Tenancy The current tenant is paying £600 pcm and is on a contractual periodic tenancy. For more information, please contact our Lettings team on option 2.
Disclaimer These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate.
Any details including (but not limited to): Lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding.
No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
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 Apartment 8, Maritime House, Southwell Park, Portland
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