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See how verdicts work2-bedroom house · PO16 7US
For saleReduced £20k (−12.5%) on 3 OctListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain, we are delighted to welcome this two bedroom retirement apartment in a popular development within walking distance to Fareham town centre.
An internal viewing is highly recommended.
On approach you enter the building on the ground floor stepping into the communal hallway where you will find the on-site managers office and then leads to the communal lounge.
The apartment itself can be accessed by a lift and stairwell and on entering the property there is an internal hallway with doors to principal rooms and large built in storage cupboard.
The accommodation then consists of a generous open plan lounge/diner with doors opening into a fitted kitchen. There are two double bedrooms and a shower room with walk in shower.
Outside: To the front of the building there is a residents parking area with a path leading to the communal entrance. The entrance has a secure video entry system.
Beautifully presented gardens surround the building with designated seating areas and there is gated access to the town via a path onto West Street as well as the front entrance.
Lease - 97 years remaining Service charge: £4,020 ground rent: £720
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 Flat 61, Moresby Court,, Westbury Road, Hampshire
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