2-bedroom flat · PO15 5FB
Listing removedReduced £55k (−14.5%) on 21 JunListed 345 days
Opportunity summary
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About
We are pleased to welcome to the market this two bedroom, two bathroom, second floor apartment in the popular over 55's retirement complex of Friary Meadow.
Friary Meadow retirement village with it's landscaped gardens and beautiful views across mature countryside and lakes is the perfect location whether approaching retirement or already retired.
Downsizing to a smaller, traditional private residence maintains your independence, but can you really be sure it will serve your needs in years to come.
Set in a quiet, secluded location with beautifully landscaped gardens on the edge of mature countryside, adjoining a Country Park, Friary Meadow is just 2 miles from the M27.
With a wide age range of Owners, from 55 upwards, they cater for independent living in your very own luxury property and also offer extra care packages to suit.
Whether it's a short-term care package, help with medication or progressive attention, our cqc Registered Care Manager can discuss your needs and offer a tailored comprehensive individual care package.
For more information or to arrange a viewing please call Castles today.
Lounge/Kitchen/Diner (5.3 x 7.3 x 5.5 (17'4" x 23'11" x 18'0")) Office (2.1 x 2.2 (6'10" x 7'2")) Bedroom 1 (3.8 x 3.7 (12'5" x 12'1")) Ensuite (2.7 x 2.4 (8'10" x 7'10")) Bedroom 2 (3.2 x 4.5 (10'5" x 14'9")) Bathroom (1.9 x 2.2 (6'2" x 7'2")) Financial Services If you are looking to get a comparison on your mortgage deal then do let us know as we can put you in touch with some independent mortgage advisors that would be happy to help.
It is always worth a last minute comparison before you purchase a property as the current deals can change weekly.
Solicitors If you are looking for a solicitor to handle the conveyancing process then do let us know as we can point you in the direction of some local, well recommended companies that would be happy to help and provide you with a quote.
Anti Money Laundering Castles Estate Agents have a legal obligation to complete anti-money laundering checks at our cost via a portal called Credas.
Please note the Credas aml check includes taking a copy of identification for each purchaser, a proof of address and proof of name document is required.
Please note we cannot agree a transaction without the Credas aml check being completed and there will be a small admin fee of £25+VAT charged to the successful purchasers to complete these legally required checks.
Lease Information Lease Length: 993 Years Remaining Service Charge: £7200 Per Annum Ground Rent: £0 * Please be aware this information has been provided to us by the sellers to the best of their knowledge and will be clarified specifically by the solicitors during the conveyancing process * On Site Services On-site services and facilities - Competitively priced, flexible care packages provided by on-site staff employed 24/7 by Friary Meadow Ltd - A private residents' restaurant, serving a three-course hot lunch - A licensed residents’ bar, café and terrace - A small residents movie theatre - Golf buggy for transport around the village - A mini bus for outings etc - Reception with 24/7 staffing - Laundry for use by Friary Meadow employees
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
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FAQ
About 70, Friary Meadow, Fareham
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