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See how verdicts work1-bedroom flat · PO4 0BW
For saleListed 151 days
Opportunity summary
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About
A well presented one bedroom apartment situated on the second floor with lift access.
This apartment boasts a modern kitchen with integrated appliances, spacious living area with ample room for dining, a walk-out balcony, double bedroom and modern bathroom.
Savoy House, a McCarthy Stone retirement development is nestled in Southsea and features a Homeowner's lounge where social events take place and is located on the seafront.
*Entitlements Advice and Part Exchange available* Summary Savoy House is a modern Retirement Living development located on the former site of the Savoy Buildings on South Parade.
It is an ideal option for those seeking retirement apartments in Southsea and the South East.
The development offers a collection of 31 modern one and two bedroom apartments in close proximity to numerous local amenities with idyllic sea views from the apartment.
Set in a prominent location, homeowners will enjoy easy access to surrounding areas such as Portsmouth, Hayling Island, Gosport, Horndean and Emsworth.
With a convenient location close to the town centre, our Southsea development is an obvious choice for your retirement.
The dedicated House Manager is on site during working hours to take care of things and make you feel at home.
There's no need to worry about the burden of maintenance as the service charge covers the cost of all external maintenance, gardening and landscaping, external window cleaning, buildings insurance, water rates and security systems.
For your peace of mind the development has camera door entry and 24-hour emergency call systems, should you require assistance.
The Homeowners' lounge provides a great space to socialise with friends and family.
If your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (usually for a fee of £25 per night - subject to availability).
It is a condition of purchase that residents must meet the age requirement of 60 years or over.
Entrance Hall Front door with spy hole leads to the large entrance hall - the 24-hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage cupboard/airing cupboard containing plumbed in 'Bosch' Washer/Dryer.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall. Doors lead to the bedroom, living room and bathroom.
Living/Dining Room And Balcony A well-proportioned lounge benefitting from access to a large balcony. TV and telephone points, Sky/Sky+ connection point. Two ceiling lights.
Fitted carpets, raised electric power sockets. Glazed patio door with windows to side leads onto the decked balcony with side views of the seafront. Kitchen Fully fitted kitchen with tiled floor.
Stainless steel sink with lever tap. Built-in oven and microwave, ceramic hob and extractor hood. Fitted integrated fridge/freezer and under pelmet lighting. Window with seafront view.
Bedroom Spacious double bedroom with a walk-in wardrobe housing rails and shelving. Ceiling lights, TV and phone point. Patio door with windows to side opening onto the large balcony.
Bathroom Modern fitted suite comprising of low level bath, mixer taps, wall mounted shower attachment and grab rails.
(Present owner had bath installed, can easily revert back to a level access shower) WC, vanity unit with wash basin and mirror above. Shaving point and heated towel rail.
Service Charge (Breakdown) • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, your water rates, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening.
To find out more about service charges please contact your Property Consultant or House Manager. Service charge: £3,456.69 per annum (for financial year end 30/06/2026).
Leasehold Leasehold 999 Years From 2017 Ground Rent £425. Reviewed 06/2032 Additional Information & Services • Superfast Fibre Broadband available • Mains water and electricity • Mains drainage
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.
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About 9 Savoy House, South Parade, Southsea
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