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See how verdicts work2-bedroom flat · DT5 1LY
Listing removedListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Period Split Level Maisonette With Garden, Bank Vault & No Forward Chain Situated in the charming Isle of Portland, this unique two bedroom, Grade 2 listed, period split level maisonette, presents an exciting opportunity for those seeking a home with character and potential.
Spread over two floors, this property, formerly a bank, retains some intriguing original features, including its original Bank Vault room, from when it was The Midland Bank for the Isle, this impressive space offers endless potential, whether used as a Home Gym, Office, or Creative Studio, Secure Wine cellar or simply a generous storage area, giving the property a truly unique and versatile feature rarely found in homes of this type.
Upon entering, you are greeted by a sense of history and space. The apartment boasts one generous reception room, providing ample flexibility for living and dining arrangements.
The large sitting room, in particular, offers a comfortable and inviting space for relaxation and entertaining.
The property benefitted from Neutral new carpets and Décor throughout in 2024, this presents a fantastic chance for the new owner to personalise the interiors to their exact taste and specifications, transforming it into a truly bespoke home.
The accommodation further comprises two well proportioned double bedrooms, ensuring comfortable living for residents or guests. A fitted bathroom, with shower over bath serves the apartment.
The layout, spanning two floors, creates a sense of separation and privacy, typical of period conversions. One of the standout features of this apartment is the inclusion of a garden.
This outdoor space offers a wonderful retreat for enjoying the fresh air, gardening, or al fresco dining, a rare and highly desirable amenity for apartment living.
The property benefits from gas central heating, ensuring warmth and comfort throughout the colder months.
Conveniently offered with no forward chain, this purchase can proceed smoothly and efficiently, making it an attractive option for buyers looking for a swift transaction.
The property holds an EPC rating of E but has subsequently had a Gas Central Heating System installed since the report was issued, and falls within Council Tax Band A, indicating potentially lower running costs.
Located on the Isle of Portland, residents will appreciate the local amenities and community feel.
This apartment is not just a home; it is a piece of local history, offering a blend of period charm and modern potential.
It represents an ideal acquisition for first time buyers, investors, or anyone looking for a project to create their dream home in a unique setting.
Viewing is highly recommended to fully appreciate the character and scope this exceptional property offers.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 81 Fortuneswell, Portland, Dorset
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