2-bedroom detached house · PO33 3SF
Sold STCListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the tranquil area of Binstead, this modern detached chalet-style house presents an excellent opportunity for those seeking a comfortable family home.
Built in the 1970's, the property boasts a well-thought-out layout spread across two floors, providing ample space for both relaxation and entertainment.
Upon entering, you are greeted by a spacious entrance hall and an invitingly generous lounge/diner that serves as the heart of the home.
This space is perfectly complemented by a sizeable kitchen/breakfast room, which not only offers a practical cooking area but also seamlessly connects to the rear garden, making it ideal for family gatherings and social occasions.
The property features two well-proportioned bedrooms and potentially a third, ensuring plenty of room for family or guests.
Please note that the garage has been converted without building regulations to form this potential third bedroom.
Additionally, there are two convenient shower rooms and a utility room, enhancing the functionality of the home.
One of the standout features of this property is the west-facing garden, which basks in sunlight late into the evening, providing a perfect setting for outdoor relaxation or entertaining.
The driveway accommodates parking for three vehicles, a valuable asset in this sought-after location although there is plenty of on-street parking on The Mall.
While the home has many appealing attributes, there are some essential repairs needed to unlock its full potential. These include the flat roof to the extension and the dormer roofs.
With a little vision and effort, this property can be transformed into a truly remarkable residence.
In summary, this detached house in Binstead offers a wonderful blend of space, comfort, and potential, making it an ideal choice for families or those looking to invest in a peaceful community.
Entrance Hall - 3.91m x 2.72m (12'10" x 8'11") - Lounge/Diner - 4.37m x 4.88m (14'4" x 16'0") - Kitchen/Breakfast Room - 8.46m x 2.87m max (27'9" x 9'5" max) - Built-In Boiler Cupboard - Utility Room - 2.67m x 1.63m (8'9" x 5'4") - Built-In Storage - Shower Room - 1.63m x 1.60m (5'4" x 5'3") - Potential Bedroom 3 - 4.75m x 2.41m (15'7" x 7'11") - This room has been formed by converting the garage.
However, there is no proof of building regulation approval for the works involved.
Converted Garage - Landing - Bedroom 1 - 3.84m plus wardribes x 3.05m (12'7" plus wardribes - Bedroom 2 - 4.83m max plus storage x 3.33m including wardrobes - Built-In Storage - Shower Room - 2.51m x 1.63m (8'3" x 5'4") - Gardens - The lawned frontage contains an established ornamental tree and shrubs.
Side access to rear garden. The West facing garden is largely laid to lawn and fully enclosed by fence boundaries. A concrete patio runs the full width of the property.
The orientation of the garden will attract the Sun into the evening. Garden tap. Garden shed. External lighting. A mature conifer sits to one corner. Driveway - This offers spaces for 3 vehicles.
Tenure - Freehold Council Tax - Band D Construction Type - Brick elevations. Concrete tile roof. Cavity walls.
Flood Risk - Very Low Risk Mobile Coverage - Coverage includes: EE, Three, O2 & Vodafone Broadband Connectivity - Openreach & Wightfibre Networks. Up to Ultrafast Available.
Services - Unconfirmed gas, electric, water and drainage.
Agents Notes - Our particulars are designed to give a fair description of the property, but if there is any point of special importance to you we will be pleased to check the information for you.
None of the appliances or services have been tested, should you require to have tests carried out, we will be happy to arrange this for you.
Nothing in these particulars is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (whether wired in or not), gas fires or light fitments, or any other fixtures not expressly included, are part of the property offered for sale.
Value & comps
No previous sales on record.
Returns
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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.
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