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See how verdicts work1-bedroom house · PO16 0LU
Sold STCListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION NO FORWARD CHAIN.
A first floor one bedroom retirement apartment specifically for the over 60's located in this popular development within easy access of Fareham town centre and its amenities.
Entrance is via a communal entrance hallway with secure entry intercom system and stairs and lift to all floors.
The internal accommodation comprises; entrance hall, living room, kitchen with window, a bedroom and a shower room.
The development benefits from communal parking, buggy/charging area, pull cord alarm, house manager, communal lounge with a kitchen, a laundry room, guest suite (subject to availability at a nominal charge) and well-tended communal gardens and grounds.
SECURE ENTRY INTERCOM SYSTEM LEADING TO: COMMUNAL ENTRANCE HALL With managers office. Stairs and lift to all floors. Access to communal lounge and laundry room.
Private front door to: ENTRANCE HALL Cupboard housing water tank and electric meters and fuse box. Doors to: LIVING ROOM Double glazed tilt and turn window to front elevation. Night storage heater.
Wall lights. Archway to: KITCHEN Double glazed tilt and turn window to front elevation. Stainless steel single drainer sink unit with cupboard under.
Further range of wall and base level units with roll edge worksurfaces over and splashback tiling. Electric point for cooker. Plumbing for washing machine. Extractor fan.
BEDROOM Double glazed tilt and turn window to front elevation. Night storage heater. Built-in wardrobe. Wall lights. SHOWER ROOM Walk-in shower cubicle. Low level close coupled WC.
Wash hand basin with storage beneath. Tiled walls. Electric wall heater. Extractor fan. OUTSIDE The development benefits from well-maintained communal gardens and non-allocated residents parking.
LEASE INFORMATION Remainder of a 99 year lease from 1st September 1985. Ground rent: £224.81 payable every 6 months.
Maintenance/service charge: £1,545.19 payable for the period 01/03/2026 - 31/08/2026. COUNCIL TAX Fareham Borough Council. Tax Band A. Payable 2026/2027. £1,513.70.
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.
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FAQ
About Homefayre House, Fareham
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