2-bedroom flat · PO8 0QQ
For saleListed 318 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive two-bedroom first floor apartment forming part of the conversion of the landmark Gales Brewery.
With two bedrooms and two parking spaces this bright, comfortable and spacious home further boasts a kitchen fitted with a range of built in and integrated appliances.
The communal entrance with security system takes you into a communal hall from where you can take the stairs or lift to the first floor.
Once inside the flat, the entrance hall has two storage cupboards and leads to the main rooms.
The principal bedroom is a large double with a built in mirror glide wardrobe and en-suite shower room and bedroom two is a large single serviced by a separate bathroom.
The living room / kitchen is a large contemporary open plan room with separate spaces. The kitchen area features a range of units with built-in appliances.
Externally the property has the benefit of two secure under cover numbered parking spaces. Tenure.
Leasehold - 114 years remaining Half yearly Service Charge (April to September 2025) £672,06 Annual Ground Rent (2026) £418.12 Annual buildings insurance (2025) £787 All main services, gas central heating Fibre to property broadband East Hampshire District Council.
Tax Band B
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 London Road, Horndean, Waterlooville, Hampshire
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