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See how verdicts work1-bedroom house · PO4 0DE
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We have pleasure in marketing for sale this LOVELY one bedroom apartment situated on the first floor of this outstanding McCarthy & Stone retirement complex situated on Southsea SEAFRONT.
Exclusively for the over 70's, its retirement plus living provides all the day to day services you require including an on-site bistro and superb residents lounge with STUNNING sea views on the same floor.
In addition, there is a well being suite, guest suite, laundry room and SECURE mobility scooter park.
You will be pleasantly surprised with the space on offer comprising; entrance hall, 19ft x 11ft living/dining room with private BALCONY, excellently fitted kitchen with quality INTEGRATED appliances and a double bedroom with adjoining shower room.
For those looking for retirement living at its very best and with no forward chain, your earliest viewing is strongly recommended.
Entrance Hall Living/Dining Room 19' 7'' x 11' 7'' (5.96m x 3.53m) Balcony 6' 10'' x 4' 9'' (2.08m x 1.45m) Kitchen 8' 11'' x 6' 11'' (2.72m x 2.11m) Bedroom 14' 3'' x 10' 8'' (4.34m x 3.25m) Shower Room 8' 3'' x 6' 4'' (2.51m x 1.93m) AGENTS NOTES Tenure: Leasehold Term: 999 years from 2017 Ground Rent: £435 pa Service Charge: £690.81 per month EPC Rating: 'B' Council Tax Band: 'C'
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.
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About South Parade, Southsea
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