2-bedroom flat · PO13 9LW
For saleReduced £15k (−2.4%) on 23 SepListed 228 days
Opportunity summary
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About
* A rare and exciting opportunity to acquire this superb two bedroom penthouse apartment boasting outstanding views of the Solent & Isle of Wight.
The apartment benefits a modern fitted kitchen and two allocated parking spaces in a secure garage underneath.
* The Accommodation Comprises Communal front door and security entry system to: Communal Hallway Stairs and lift to floors, the apartment is located on the top floor, cupboard housing smart meter.
Apartment Entrance Hall Inset spotlighting, two radiators, double opening doors to storage cupboard, further storage cupboard housing boiler and hot water tank.
Double opening glazed doors to: Open Plan Lounge/Dining Room (26' 8'' x 22' 2'' (8.12m x 6.75m) Maximum Measurements) An impressive room with floor to ceiling windows enjoying the most remarkable views of the Solent & Isle of Wight.
Two sets of patio doors leading to a tiled balcony ideal for alfresco dining in the sunshine. Two radiators and breakfast bar.
Kitchen (9' 11'' x 9' 1'' (3.02m x 2.77m)) Superbly re-fitted with a contemporary range of base cupboards and matching eye level units with under lighting, integrated dishwasher, integrated gas hob with extractor hood over, electric oven and combination microwave oven, integrated fridge/freezer, stainless steel sink unit with mixer tap, skirting lighting, drawer units, deep worksurface incorporating breakfast bar which is open to the main living area, inset spotlighting.
Bathroom (8' 10'' x 5' 1'' (2.69m x 1.55m)) Inset spotlighting, extractor fan, re-fitted with a white suite comprising of p-shape bath with shower screen and mains shower over, close coupled W.C with concealed cistern, recessed mirrored vanity unit, wash hand basin set vanity drawer units with cupboard above with lighting, shaver point.
Utility cupboard with space and plumbing for washing machine and tumble dryer. Ladder style radiator, tiled walls and floor.
Bedroom One (11' 5'' x 10' 11'' (3.48m x 3.32m)) Inset spotlighting, two Velux windows to rear elevation with fitted blackout blinds, radiator, a range of built-in wardrobes and matching drawers and cupboards, door to: En Suite (11' 3'' x 6' 8'' (3.43m x 2.03m)) Inset spot lighting, re-fitted with vanity base cupboards and mirror fronted eye level storage, close coupled W.C with concealed cistern, double shower cubicle with main shower and additional rainfall showerhead, extractor fan, ladder style radiator.
Bedroom Two (11' 4'' x 10' 3'' (3.45m x 3.12m)) Inset spotlighting, two Velux windows to rear elevation with fitted blackout blinds, a range of built-in wardrobes and matching drawer units, radiator.
Outside To the front of Southwater House there are communal gardens.
There are two allocated parking spaces in the underground car park accessed by a remote controlled door from service road at the rear. Individual storage units and communal bin also provided.
There are three visitors parking bays, outside electric point and hose/tap for vehicle cleaning.
Agents Note Parking bay 15 has an electric car charging point wired direct to the apartment and can be locked off at point in garage or in the apartment.
Electric socket close to parking bay 15 for general use. There are two visitors parking bays inside garage.
Please note, the vendor has informed the agent that the service charge for this property is £tbc per month and that there is no ground rent payable.
We have also been informed that no animals are allowed in the building.
General Information Construction - Traditional Water Supply – Portsmouth Water Electric Supply – Mains Gas Supply - Mains Sewerage - Mains Mobile & Broadband coverage - Please check via: Flood risk - Please check via:
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 15, Southwater House, Lee-On-The-Solent
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