Studio flat · PO8 8NQ
For saleReduced £10k (−11.1%) on 23 MayListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This second floor studio flat is located close to local shops, takeaways and bus routes.
The flat has an open-plan studio room, separate kitchen, inner lobby with store cupboard/wardrobe and a bathroom.
There are communal grounds around the block, as well as allocated parking for residents.
This studio flat is located in a purpose-built block set amongst similar blocks with communal grounds and resident parking areas.
There are local shops and takeaways within a short walk, with a large supermarket just over a mile away.
Waterlooville town centre is about 2 miles to the south, offering a wider range of shops, restaurants, cafes and bars.
The flat is located on the second floor and, although it would benefit from some modernisation, it offers a good living space, a separate kitchen space and a fitted bathroom.
This would make an ideal investment property. A communal entrance and stairway leads to the front door of the flat, which opens in to the studio living space.
This room has an easterly aspect, taking advantage of any morning sunshine. There is space for a bed as well as living room furniture, with the kitchen located at the far end.
The kitchen is semi-open plan to the studio room but its own distinct space. It currently has a range of floor and wall units with spaces for a cooker, fridge/freezer and washing machine.
Accessed from the studio room is an inner lobby with a fitted cupboard/wardrobe with sliding doors. This inner lobby leads to the bathroom that has a panel bath, wash basin and toilet.
Outside, the building is set in communal grounds with allocated parking for residents.
Lease information (as of December 2024): Lease Remaining: 62 years Service Charge: £1,583 per annum Ground Rent: £75 per annum SECOND FLOOR: STUDIO ROOM 6.29m (20'8") x 2.85m (9'4") KITCHEN 2.85m (9'4") x 1.84m (6') INNER LOBBY BATHROOM
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 Crombie Close, Waterlooville, Hampshire, PO8
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