1-bedroom house · PO13 9BP
Listing removedReduced £5k (−5.3%) on 3 JulListed 331 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Situated close to the High Street at Lee on the Solent is this delightful first floor retirement apartment offered for sale with no forward chain.
Hometide House offers communal gardens, lounge and laundry room.
* The Accommodation Comprises Communal front door to hallway with access to communal lounge which enjoys views along Beach Road towards the Solent and Isle of Wight, laundry room, managers office, lift and stairs to all floors.
This apartment is located on the first floor.
Apartment Front door to: Entrance Hall Coved ceiling, emergency pull cord and front door intercom system, large storage cupboard with meter and consumer unit to wall, hot water boiler.
Lounge/Dining Room (20' 9'' x 10' 6'' (6.32m x 3.20m)) Coved ceiling, UPVC double glazed window to front elevation, electric storage heater, feature fire with electric fire inset, archway to: Kitchen (7' 3'' x 5' 4'' (2.21m x 1.62m)) Fitted with a range of base cupboards and matching eye level units, roll top worksurface, single drainer sink unit with mixer tap over, space for electric oven.
Bedroom (14' 0'' x 8' 8'' (4.26m x 2.64m)) Coved ceiling, replaced UPVC double glazed window to communal gardens, electric storage heater, build in wardrobe with sliding doors, emergency push button.
Shower Room (6' 7'' x 5' 4'' (2.01m x 1.62m)) Close coupled WC, pedestal wash hand basin, shower cubical with electric shower and fitted seat, fitted vanity unit.
Outside The property benefits from communal gardens and residential parking (subject to availability).
Lease Information The vendor informs us at the time of instruction of the following lease information.
We would however suggest this information is verified by your legal representative before exchange of contracts.
Lease 97 years from 1983 Ground Rent: Approximately £1,100 per annum Service Charge: Approximately £4,800 per annum General Information Construction - Traditional Water Supply – Portsmouth Water Electric Supply – Mains Sewerage - Mains Mobile & Broadband coverage - Please check via: Flood risk - Please check via:
Value & comps
No previous sales on record.
Returns
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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 26, Hometide House, Lee-On-The-Solent
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