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See how verdicts workProperty · SO17 2WL
For saleListed 563 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Shearwater – A Historic Masterpiece on the River Itchen Welcome aboard Shearwater, a truly unique and historically significant houseboat, superbly positioned in the tranquil enclave of Pettinger Gardens on the River Itchen.
Once Motor Torpedo Boat 477, part of the illustrious 30th Flotilla, this remarkable vessel has been thoughtfully and beautifully converted into a wonderful houseboat, blending rich naval heritage with elegant modern living.
Measuring an impressive 72 feet in length and 21 feet in width, Shearwater offers an exceptional sense of space across two well-designed floors.
Inside, the accommodation is both generous and versatile, featuring a number of characterful cabin areas, a magnificent principal suite, various generously sized reception room, on board four piece bathroom and a galley-style kitchen flowing into the dining area.
Additional living spaces offer flexibility for both entertaining and relaxation, all while embracing the charm and character of the boat’s storied past.
Step outside and enjoy not only the wonderful outdoor deck space with its sweeping river views, but also a private area on land offering further accommodation and delightful outside space - ideal for alfresco dining or peaceful reflection.
The out building also benefits from a separate utility and WC area ashore, as well as access to beautifully maintained communal gardens, all shared within this rare community of just 13 houseboats.
There is allocated parking as well as ample visitor parking a stone's throw away.
Lovingly cared for over the years, Shearwater is more than just a home - it’s a piece of living history, offering a lifestyle unlike any other in a secluded riverside setting. A true hidden oasis.
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 Shearwater Houseboat,, Pettinger Gardens, Hampshire
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