2-bedroom flat · SO31 6BH
For saleListed 155 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Built in 2005, this spacious modern first floor two bedroom apartment benefits from light, bright, well proportioned accommodation.
The generous open plan sitting/dining room is of dual aspect and opens to the well appointed kitchen with integrated oven, hob and white goods together with ample wall and base units.
The master bedroom is of double proportions with a walk-in dressing room and an en-suite shower-room. The second bedroom is a good sized double and then there is a spacious four piece family bathroom.
As well as enjoying plenty of storage. Outside are well maintained communal grounds with cycle store, plus an allocated parking space and plenty of parking for visiting guests.
All accessed via secure electronically operated gates, whilst the apartment itself also enjoys lift access.
SUMMARY OF FEATURES: Spacious luxury apartment in secure gated development; 2 large double bedrooms, Master with dressing room and en-suite shower room; Large lounge/dining room; Secure allocated parking and ample visitors parking via electric gated entrance; Ample storage; No forward chain.
GENERAL INFORMATION: TENURE: Leasehold; SERVICES: All mains services; LOCAL AUTHORITY: Fareham Borough Council; TAX BAND: D DISTANCES: Locks Heath Shopping Village - 0.7 miles; Swanwick Train Station - 1.8 miles; Southampton - 8.5 miles AGENTS NOTE: Please note that the property is currently Let under an Assured Shorthold Tenancy with notice to vacate having been served on the current tenants the pictures used are library pictures taken prior to the current tenancy.
Lease: 125 years, 105 years remaining Ground Rent: £125 per annum Service Charge: £1,013.46 half-yearly
Value & comps
No previous sales on record.
Returns
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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 Locks Road, Locks Heath
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