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See how verdicts work1-bedroom flat · DT5 1LP
Sold STCReduced £5k (−4.5%) on 24 SepListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A bright and airy duplex apartment with sea views located on Fortuneswell, with a modern bathroom and a range of character features.
Accommodation; The property comprises of a spacious living room with stunning feature fireplace, exposed Portland Stone blockwork as well as ample space for furniture.
The main benefit of this room is its orientation towards the sea creating a bright space with a lovely outlook.
The kitchen comprises a range of units with space for appliances including an electric cooker with gas hob, under counter fridge, freezer and washing machine.
The modern bathroom comprises a pedestal wash hand basin, WC and bath with overhead shower and glass screen. The walls are painted in a light blue with grey tile surround.
The bedroom is located on the second floor of the apartment and benefits from exposed stonework and wooden beams, creating a cottage feel.
The bedroom also benefits from a fitted wardrobe and skylight. *The property is being sold with the current tenant in situ. The current tenant is paying £700 per calendar month.
This provides a 6.2% return based on the asking price.
Living Room (4.45m x 3.68m (14'7 x 12'1)) Kitchen (2.21m x 2.79m max (7'3 x 9'2 max)) Bedroom (4.95m x 3.45m (16'3 x 11'4)) Lease & Maintenance Information The owner has informed us that the ground rent is £50 per annum, the service charge is approximately £600 paid annually and that the 999 year lease form 2003.
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 & 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.
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: Flat - Conversion Property construction: Bricks and Mortar Mains Electricity Mains Water & Sewage: Supplied by Wessex Water Heating: Gas Broadband/Mobile signal/coverage:
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 26a, Fortuneswell, Portland
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