1-bedroom house · PO5 1HN
For saleListed 157 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1 BEDROOM FIRST FLOOR RETIREMENT APARTMENT FOR OVER 55'S WITH LIFT. LOCATED TO THE REAR OF THE BUILDING OVERLOOKING COMMUNAL GARDENS.
MODERN FITTED KITCHEN, SHOWER ROOM AND REMAINING LEASE TERM OF APPROXIMATELY 94 YEARS.
Conveniently located in central Southsea just a short walk to Palmerston Road, Waitrose, shops, restaurants, cafes, bus routes, library, Kings Theatre, Albert Road & Southsea Seafront.
The accommodation comprises a double bedroom overlooking communal garden, good size lounge overlooking communal garden, modern fitted kitchen with cooker and fridge freezer, modern shower room, hall with storage cupboard.
The property is fitted with double glazing, electric night storage heating and also benefits from onsite parking, communal lounge/kitchen area, guest suite, laundry room, house manager and well maintained communal gardens with garden furniture.
The property is offered with no chain so call today to arrange your viewing. Communal Entrance - Security intercom system providing access to communal entrance with stairs and lift to first floor.
Flat front door to: Entrance Hall - 2.62m x 0.84m (8'7 x 2'9) - Wall mounted security intercom, fitted carpet, coved and textured ceiling, emergency pull cord, cupboard housing hot water heater, electric meter, electric consumer unit and general storage space.
Lounge - 4.78m x 3.20m (15'8 x 10'6) - Double glazed window to rear overlooking communal gardens, coved and textured ceiling, fitted carpet, electric night storage heater, emergency pull cord, opening to: Kitchen - 2.24m x 1.60m (7'4 x 5'3) - Single drainer stainless steel sink unit with wall and base cupboards, drawers and work surfaces over.
Electric cooker, fridge/freezer, tiled walls and flooring, textured ceiling.
Shower Room - 2.03m x 1.68m (6'8 x 5'6) - White suite comprising double shower cubicle, wash hand basin with storage below, WC, tiled walls, coved and textured ceiling, extractor, electric heater.
Additional Information - Tenure - Leasehold Length of Lease - 138 years from 25/03/1982 - 94 years remaining approximately Service Charge - £2441pa Ground rent - £969.91pa Council Tax Band - Band A The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
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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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
Agent & docs
FAQ
About Grove Road North, Southsea
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