2-bedroom flat · PO16 9NB
Listing removedListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to welcome to the market this well presented two bedroom ground floor retirement apartment for over 60's, located in the popular development of Postern Close, Portchester.
The property is a short distance from the local shops in Portchester precinct.
The properties entrance is via its own front door and the accommodation consists of a lounge diner, new modern fair sized kitchen and a modern shower room along with a large double bedroom and one smaller bedroom.
Externally the development benefits from a lovely communal garden along with residents and visitors' parking plus the bonus of a house manager on site.
For more information or to arrange a viewing please call Castles today.
Lounge (3.3 x 5.1 (10'9" x 16'8")) Kitchen (2.4 x 2.8 (7'10" x 9'2")) Shower Room (2.2 x 1.9 (7'2" x 6'2")) Bedroom 1 (3.9 x 3.1 (12'9" x 10'2")) Bedroom 2 (3.3 x 2.3 x 3.0 (10'9" x 7'6" x 9'10")) Financial Services If you are looking to get a comparison on your mortgage deal then do let us know as we can put you in touch with some independent mortgage advisors that would be happy to help.
It is always worth a last minute comparison before you purchase a property as the current deals can change weekly.
Solicitors If you are looking for a solicitor to handle the conveyancing process then do let us know as we can point you in the direction of some local, well recommended companies that would be happy to help and provide you with a quote.
Anti Money Laundering Castles Estate Agents have a legal obligation to complete anti-money laundering checks at our cost via a portal called Credas.
Please note the Credas aml check includes taking a copy of identification for each purchaser, a proof of address and proof of name document is required.
Please note we cannot agree a transaction without the Credas aml check being completed and there will be a small admin fee of £25+VAT charged to the successful purchasers to complete these legally required checks.
Lease Information Lease Length: 60 Years Remaining Service Charge: £2408 Per Annum Ground Rent: £100 Per Annum * Please be aware this information has been provided to us by the sellers to the best of their knowledge and will be clarified specifically by the solicitors during the conveyancing process *
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
Agent & docs
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FAQ
About 3, Postern Close, Portchester
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