2-bedroom flat · PO3 6LT
Listing removedListed 82 days · slow let
Opportunity summary
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About
**The Old Portsmouth Gaol –To Live in your Own Piece of Local History!** Bernards are delighted to offer this stunning, converted two bedroom apartment with allocated parking to the market.
The property is first floor and features a open planned kitchen and living room with white goods integrated and two large double bedroom following a three-piece bathroom.
Further benefits include an allocated parking space and the opportunity to be situation in a sought after, brand new development! Available to move in October & offered unfurnished.
Hmp Kingston was built in 1877 and has had a varied history. In 1965 capital punishment for murder was abolished and Kingston began exclusively holding inmates serving life sentences.
Kingston Prison became the only prison in England and Wales to have a unit exclusively for elderly male prisoners serving life sentences.
The prison has held many well known inmates, but hmp Kingston would close on 28th March 2013.
St Cross Homes’ unwavering eye for detail means that only premium materials, fittings and appliances are selected to ensure the perfect balance of comfort and sophistication.
Kitchen/Lounge/Dining Room (5.80 x 5.78 (19'0" x 18'11")) Contemporary kitchen with comprehensive floor and wall cupboards incorporating modern handle-less soft-close doors and drawers • Induction hob • Multi-function oven • Integrated fridge/freezer • Integrated washing machine • Sink and mixer tap Bathrooms (2.13 x 1.73 (6'11" x 5'8")) The clean lines of our bathrooms are complemented with contemporary sanitary ware taps and showers • Vanity mirror • White sanitary ware • Stylish mixer taps and showers • Marble effect wall and floor tiles Bedroom One (5.80 x 3.49 (19'0" x 11'5")) To achieve a contemporary interior we have selected high quality flooring to complement the beautiful layout whilst other finishes have been kept light and bright • Recessed lights in specific areas • White painted woodwork throughout • Square cuts skirting and architrave throughout • Walls painted with neutral emulsion • Smooth ceiling in white emulsion Ensuite (2.21 x 1.62 (7'3" x 5'3")) The clean lines of our bathrooms are complemented with contemporary sanitary ware taps and showers • Vanity mirror • White sanitary ware • Stylish mixer taps and showers • Marble effect wall and floor tiles Bedroom Two (3.56 x 2.79 (11'8" x 9'1")) To achieve a contemporary interior we have selected high quality flooring to complement the beautiful layout whilst other finishes have been kept light and bright • Recessed lights in specific areas • White painted woodwork throughout • Square cuts skirting and architrave throughout • Walls painted with neutral emulsion • Smooth ceiling in white emulsion Removal Quotes As part of our drive to assist clients with all aspects of the moving process, we have sourced a reputable removal company.
Please ask a member of our sales team for further details and a quotation.
Council Tax Band C Tenant Fees Act 2019 As well as paying the rent, you may also be required to make the following permitted payments.
For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant’s behalf) the following permitted payments: · Holding deposits (a maximum of 1 week’s rent); · Deposits (a maximum deposit of 5 weeks’ rent for annual rent below £50,000, or 6 weeks’ rent for annual rental of £50,000 and above); · Payments to change a tenancy agreement eg.
Change of sharer (capped at £50 or, if higher, any reasonable costs); · Payments associated with early termination of a tenancy (capped at the landlord’s loss or the agent’s reasonably incurred costs); · Where required, utilities (electricity, gas or other fuel, water, sewerage), communication services (telephone, internet, cable/satellite television), TV licence; · Council tax (payable to the billing authority); · Interest payments for the late payment of rent (up to 3% above Bank of England’s annual percentage rate); · Reasonable costs for replacement of lost keys or other security devices; · Contractual damages in the event of the tenant’s default of a tenancy agreement; and · Any other permitted payments under the Tenant Fees Act 2019 and regulations applicable at the relevant time.
Right To Rent Each applicant will be subject to the right to rent checks. This is a government requirement since February 2016.
We are required to check and take a copy of the original version of acceptable documentation in order to adhere to the Right to rent checks. This will be carried out at referencing stage.
Please speak to a member of staff for acceptable Identification.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About Flat, 5 Lombardy House, Governors Walk, Portsmouth
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