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See how verdicts work1-bedroom flat · PO7 7JZ
For saleListed 36 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description No forward chain and modernisation required with this one double bedroom first floor retirement flat within close proximity to Waterlooville Town Centre.
Accommodation boasts lounge, double bedroom with fitted wardrobes, kitchen, bathroom, emergency alarm cords throughout and communal facilities.
Tenure: Leasehold Ground Rent: £397.68 per year Service Charge: £2,521.12 per year Communal Entrance Via security intercom, stairs or lifts to all floors. Personal Entrance Front door.
Entrance Hall Wall mounted control panel for door entry and emergency alarm pull cord, coved and textured ceiling, storage cupboard housing hot water tank, wall mounted consumer unit and utility meter.
Lounge / Dining Room (4.48' x 3.30') Double glazed window to front aspect, wall mounted electric heater, electric fire and surround, wall and pendant ceiling light, coved and textured ceiling.
Kitchen (2.25' x 1.67') Matching range of wall and base units with work surfaces over incorporating stainless steel sink with mixer tap and drainer, tiled to principle areas, space for under counter fridge, space for free standing cooker, textured ceiling with extractor fan.
Bedroom (3.50' x 2.58') Double glazed window to front aspect, wall mounted electric heater, fitted wardrobe cupboard.
Bathroom (2.08' x 1.58') Suite comprising panelled bath, wash hand basin set in vanity unit, low level wc, emergency alarm pull cord, tiled to principle areas.
Please Note Homewater House is located close to the Town Centre and has many facilities for the residents including a residents lounge, two laundry rooms, outside drying areas, communal gardens, house manager and two lifts.
This Flat is accessible via lift only to level 1, then you will need to take the stairs as their is no direct lift access to this flat.
Additional Information Lease currently 59 years remaining (99 year lease) Ground Rent currently £397.68 per annum. Service Charge currently £2521.12 per annum.
The minimum age is 60, however for couples one resident can be over 60 and the other over 55.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 71, Homewater House, Waterlooville
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