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See how verdicts work2-bedroom house · PO11 9JT
Listing removedListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Early viewing is essential in this well presented first floor retirement flat in the popular Mengham Court complex.
The low rise stairs with a fitted stair lift leads up to a spacious Landing which has a deep storage cupboard and doors to all rooms. The Lounge/Diner has a pleasant outlook over the communal gardens.
Sliding doors lead into the Kitchen with a front facing aspect. There are two Bedrooms and a modern Shower suite. The flat is being offered with a 99 years lease and has no forward chain!
Intercom Security Entrance. Double Glazed Door To Hallway Chairlift and low rise stairs to first floor landing. Newly fitted Dimplex night storage heater. Double glazed window to side.
Telephone point. Intercom entry system. Tunstall emergency alert unit. Airing cupboard housing hot water tank and immersion heater. Deep storage cupboard with light and shelving.
Lounge/Diner (18' 5'' x 12' 0'' (5.61m x 3.65m) narrowing to 8'0") UPVC Double Glazed window & door to Juliet balcony over looking central communal gardens.
Newly fitted Dimplex night storage heater. TV aerial point. Slimline electric wall heater. Space for table and chairs.
Double sliding doors opening into: Kitchen (8' 3'' x 8' 0'' (2.51m x 2.44m)) Recently fitted range of grey gloss fronted wall and base cupboards and drawers to two sides.
Inset single drainer stainless steel sink unit with mixer tap, set in work surface. Tiled splash back. Tall fridge/freezer.
Adjacent work surface with inset 'Zanussi' induction hob, overhead extractor hood. Plumbed in washing machine. 'Zanussi' eye level oven. Slimline wall heater. Double glazed window to front elevation.
Bedroom 1 (9' 1'' x 12' 7'' (2.77m x 3.83m)) UPVC Double glazed window over looking communal gardens. Fitted floor to ceiling wardrobes with hanging rail & shelving.
Bedroom 2 (8' 5'' x 8' 5'' (2.56m x 2.56m)) Double Glazed UPVC window over looking communal garden to rear elevation. Slimline electric wall heater.
Shower Room Close coupled WC with concealed cistern. Wide wash hand basin with mixer tap, cupboard and drawers below. Wall mirror. Glass shelving. 'Walk-0in' shower enclosure with fitted shower.
Heated towel radiator. Dimplex wall heater. Obscure double glazed window to side. Slip resistant flooring. Ceramic wall tiling. Extractor fan.
Outside Communal well maintained gardens, residents parking spaces, washing lines & bin storage area. Electric point outside flat 2 for mobility scooter and secure d-ring for tie up.
Tenure Leasehold. Maintenance £249 per month. Lease renewed on completion to new buyer. No forward chain!
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 2 Mengham Court, Goldring Close, Hayling Island
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