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See how verdicts work1-bedroom house · PO16 7AS
For saleListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain. Well presented and spacious one double bedroom ground floor retirement apartment in central Fareham with it's own door giving access to patio area.
Nota Bene Council Tax Band: - Fareham Borough Council. Tax Band B Tenure: - Leasehold.
Maintenance is approximately: £3,500, Ground Rent £400,104 Years Remaining Property Type: - Ground Floor Retirement Apartment Property Construction: - Traditional Electricity Supply: - Mains, Water Supply: - Mains, Included in the Maintenance Charge Sewerage: - Mains, Included in the Maintenance Charge Heating: - Electric Heating Broadband - Unknown.
Average available download speed for this Postcode of 24MPS: Potential broadband speeds - 80MPS Mobile signal: Available - check here for all networks - Parking: Unallocated Parking Flood Risk: - Check at the Environment Agency’s website ( Fenwicks Estate Agents has further information as provided by current vendor The Accommodation Comprises:- Door via telephone entry security system into: Communal Entrance Hall:- Corridor leading to apartment with access to communal lounge and communal kitchen, laundry room, refuse room, manager's office and lifts and stairs to upper floors.
Entrance Hall:- Accessed via door with spy glass inset, emergency bell-pull, door to deep storage cupboard with shelves and tank.
Living Room:- (17' 9'' x 11' 2'' (5.41m x 3.40m) Maximum Measurements) Glazed door with window to rear giving own access to patio area and communal parking area, wall mounted Creda electric wall heater, door to cupboard with fuse box and meter, double opening doors leading to: Kitchen:- (9' 11'' x 5' 9'' (3.02m x 1.75m)) Window to front, base and eye level units.
Single bowl stainless steel sink unit, hob with extractor over, oven and grill, microwave, fridge and freezer.
Bedroom:- (15' 6'' x 9' 6'' (4.72m x 2.89m) Maximum Measurements) Windows to front and side, wall mounted Creda electric wall heater, emergency bell-pull, mirror fronted folding doors to cupboard.
Bathroom:- (6' 10'' x 5' 6'' (2.08m x 1.68m)) Tiled, close coupled WC, wash hand basin inset vanity unit, bath with shower over, shower rail and curtain, heated towel rail, extractor fan, mirror, light and shaver socket.
Faregrove Court:- Accessed via security gates with parking for residents, pathway leads to gates which allows pedestrian access to delightful communal gardens with patio area.
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
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FAQ
About 3 Faregrove Court, Grove Road, Fareham
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