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See how verdicts work1-bedroom flat · PO10 8LL
For saleListed 692 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Forming part of this retirement development in the village of Southbourne, located within easy reach of local amenities and the train station, Treagust & Co is pleased to present this one double bedroom first floor apartment available with no forward chain.
Available to view now. The property's own front door opens into the lobby area with staircase and stair lift to the first floor landing which has a built-in storage cupboard and doors to all rooms.
The property comprises of a kitchen fitted with a range of wood effect wall and base units with a built-in oven and hob, and planned appliance space, a sitting/dining room, bathroom, and a generous double bedroom with fitted mirror fronted wardrobes.
Merrivale Court is a retirement development for the over 60s and has residents parking, laundry room and communal lounge area as well as communal gardens.
152 years remaining on the lease (189 years from 1987) £1983.24 per annum 2024. £2115.00 per annum 2025.
Charges reviewed 31st December Council Tax Band B The Area The village of Southbourne is approximately six miles to the east of the Cathedral city of Chichester with its famous Festival Theatre and nearby Goodwood estate.
A good range of local amenities are in Southbourne, including convenience stores, churches, doctors' surgery, and a gym and sports hall.
The village has primary and secondary schools, good bus links between Brighton and Portsmouth, and a railway station with links to the south coast, London, and further afield.
The South Downs National Park is just a short drive away and the head of Chichester Harbour is nearby in the hamlet of Prinsted and in neighbouring Emsworth with its specialist shops, restaurants and picturesque quay.
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 Flat 3 Merrivale Court, Stein Road, Emsworth
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