3-bedroom flat · PO6 3FW
Listing removedListed 279 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to welcome a true rarity to the market, this exquisite 3 bedroom penthouse, located in close proximity to qa Hospital, as well as many shops and amenities.
This former Bank has been tastefully converted into premium apartments providing a combination of stylish and modern living in a sought after and central location.
This property was purpose built as a bank and as such it is an incredibly well built and solid structure with concrete floors between each storey.
The penthouse is luxury personified and would make a stunning house for professionals.
Situated in the centre of Cosham High Street, the apartments offer close proximity to local amenities including shops, qa Hospital, doctors surgery and Cosham Railway Station, making it ideal for commuters.
The apartments will also include access to a resident car park on a first come-first served basis.
This beautiful penthouse is arranged in excess of 100Sq Meters and the high-quality living space is complemented by solid oak doors, contemporary flooring, beautiful kitchens and luxury bathrooms, including master ensuite.
Kitchen/Lounge/Diner Bedroom One Ensuite Bedroom Two Bedroom Three Bathroom Anti Money Laundering Bernards Estate Agents have a legal obligation to complete anti-money laundering checks.
The aml check should be completed in branch. Please call the office to book an aml check if you would like to make an offer on this property.
Please note the aml check includes taking a copy of the two forms of identification for each purchaser. A proof of address and proof of name document is required.
Please note we cannot put forward an offer without the aml check being completed Bernards Offer Check Procedure If you are considering making an offer for this or any other property we are marketing, please make early contact with your local office to enable us to verify your buying position.
Our Sellers expect us to report on a Buyer's proceedability whenever we submit an offer. Thank you.
Solicitor/ Conveyancing Choosing the right conveyancing solicitor is extremely important to ensure that you obtain an effective yet cost-efficient solution.
The lure of supposedly cheaper on-line "conveyancing warehouse" style services can be very difficult to ignore but this is a route fraught with problems that we strongly urge you to avoid.
A local, established and experienced conveyancer will safeguard your interests and get the job done in a timely manner.
Bernards can recommend several local firms of solicitors who have the necessary local knowledge and will provide a personable service. Please ask a member of our sales team for further details.
Service Charges Lease : 250 years from the 21/02/2021 Ground Rent : £250 per annum Service Charge : £2540 per annum.
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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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
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FAQ
About 1C, Vectis Way, Portsmouth
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