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See how verdicts work2-bedroom flat · PO4 9XT
For saleReduced £30.1k (−7%) on 25 OctListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
'The Armoury' forms part of the former Royal Marine Barracks, now an exclusive residential development which enjoys well-manicured grounds, outstanding Grade II listed buildings and immediate access onto Eastney Beach.
This outstanding two bedroom apartment on the ground floor is accessed via a personal front door and has been expertly renovated by the current owners with high-end fittings and an obvious flair for design and decor.
The apartment enjoys grand tall ceilings and large sash windows with fitted half-height shutters which flood the living space with natural light.
With residents parking, the property is sold with the remainder of a 999 year lease and a Share of the Freehold.
ENTRANCE HALL : Smooth and coved ceiling, loft storage area, radiator, luxury vinyl tile flooring.
LOUNGE / DINER : Smooth and coved ceiling, four tall sash windows to dual aspect with fitted half shutters, two radiators, storage cupboard, herringbone luxury vinyl tile flooring.
KITCHEN : A contemporary range of wall and base mounted unit including bespoke high level cupboards to take advantage of the tall ceilings, breakfast bar, Quartz work surfaces and upstands, butler style ceramic sink with brushed brass mixer tap with instant boiling hot and filter water functionality, a range of integrated Smeg appliances including: 5-ring induction hob, extra wide 90cm combi-oven, fridge, freezer, dishwasher and washing machine.
BEDROOM 1 : Smooth and coved ceiling, two tall windows to dual aspects with fitted half shutters, radiator, a bespoke range of luxury fitted wardrobes and shelving, fitted carpet.
BEDROOM 2 : Smooth and coved ceiling, tall sash window with fitted half shutters, radiator, bespoke range of fitted wardrobes and shelving, fitted carpet.
BATHROOM : Smooth and coved ceiling, inset spotlights, extractor fan, a luxurious four-piece white bathroom suite with brushed brass fittings compromising: large walk-in shower enclosure with fluted glass, a panelled bath with side taps, wash hand basin with fitted drawers beneath, low level WC, column radiator with brushed brass towel rail, herringbone ceramic wall tiling to half height, ceramic floor tiles.
OUTSIDE : Resident parking area, estate grounds including expansive lawns, tennis court, varied and mature shrub borders and grand trees.
LEASE INFORMATION : Lease Commenced: 29/09/94 Lease Term: 999 years Lease Term Remaining: 967 years Ground Rent: Peppercorn Service/Maintenance Charge: £1,956 per annum COUNCIL TAX Portsmouth City Council TAX BAND E £2,665.57 for the year 2025/2026.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Clocktower Drive, Southsea
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