2-bedroom house · PO13 9FE
For saleListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Situated on the first floor with two bedrooms, is this well presented retirement apartment benefiting from communal lounge, laundry room and on site manager.
* The Accommodation Comprises Communal front door with secure entry system to: Communal Entrance Residents lounge, communal laundry room, managers office, bin store, guest suite (reservations and charges apply), the apartment is located on the first floor with access via lift or stairs.
Apartment Front door to: Entrance Hall Flat and coved ceiling, storage heater and two built in storage cupboards.
Lounge/Dining Room (22' 8'' x 10' 6'' (6.90m x 3.20m)) Flat and coved ceiling, double glazed windows to side and rear elevations, electric storage heater, electric fire, TV and telephone points, double opening glazed doors to: Kitchen (7' 5'' x 7' 1'' (2.26m x 2.16m) irregular shaped room) Flat and coved ceiling, double glazed window to rear elevation, fitted with a matching range of base and eye level units, single bowl single drainer stainless steel sink unit with mixer tap, roll top work surfaces and tiled surrounds, built in oven, induction hob with extractor over, integrated fridge and space for freestanding freezer (to remain).
Bedroom One (14' 3'' x 9' 7'' (4.34m x 2.92m) maximum measurements) Flat and coved ceiling, double glazed window to rear elevation, wall mounted electric heater and built in wardrobe.
Bedroom Two (19' 4'' x 9' 3'' (5.89m x 2.82m) maximum measurements) Flat and coved ceiling, double glazed window to rear elevation, wall mounted electric heater.
Shower Room (7' 3'' x 6' 9'' (2.21m x 2.06m) maximum measurements) Flat and coved ceiling, extractor fan, white suite comprising of close coupled WC, wash hand basin set in vanity unit, panelled shower cubicle with mains shower, electric heated towel rail, fully tiled, storage cupboard.
Outside The property benefits from communal gardens, scooter storage and residents 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: 125 years from 2008 Ground Rent: £495 per annum Service Charge: £4,395 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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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 23, Anchorage Court, Lee-On-The-Solent
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