1-bedroom house · PO5 4DG
Listing removedListed 252 days
Opportunity summary
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About
Ground floor retirement apartment offered with no forward chain! Situated in the heart of Southsea, is this bright and airy ground floor retirement apartment in Homesea House, Green Road.
The internal accommodation on offer comprises a 14ft reception room with opening to a fitted kitchen, large storage cupboard, double bedroom with built-in wardrobes and a fitted shower room.
The residence also provides a host of communal facilities on site including, laundry room, guest suite, residents' lounge and off-road parking (available on a first come, first served basis).
The building has a minimum age restriction of 55 years, so for further details or to arrange your viewing call the Southsea office. Ground floor retirement apartment offered with no forward chain!
Situated in the heart of Southsea, is this bright and airy ground floor retirement apartment in Homesea House, Green Road.
The internal accommodation on offer comprises a 14ft reception room with opening to a fitted kitchen, large storage cupboard, double bedroom with built-in wardrobes and a fitted shower room.
The residence also provides a host of communal facilities on site including, laundry room, guest suite, residents' lounge and off-road parking (available on a first come, first served basis).
The building has a minimum age restriction of 55 years, so for further details or to arrange your viewing call the Southsea office.
Communal entrance Security entrance and communal hallway with lift and stairs to all floors, access to communal facilities, door to flat 16.
Hallway Doors to all rooms, storage cupboard housing electric meter and hot water cylinder, carpeted.
Shower room 6' 7" x 5' 4" (2.02m x 1.65m) Walk-in shower cubicle with electric shower, close coupled WC, vanity unit housing wash basin with mixer tap, extractor fan, tiled to principal areas.
Bedroom 11' 5" x 8' 8" (3.49m x 2.65m) Double glazed window to side elevation, electric heater, a range of fitted bedroom furniture including: Wardrobe, chest of drawers and bedside cabinet, carpeted, emergency pull cord.
Lounge 14' 8" x 10' 7" (4.49m x 3.23m) Dual aspect double glazed windows, electric heater, carpeted, emergency pull cord.
Kitchen 5' 3" x 7' 2" (1.62m x 2.20m) Fitted kitchen comprising a range of wall and base level units incorporating roll edge work surfaces, stainless steel sink and drainer unit, space for cooker, space for fridge/freezer, extractor fan, tiled to principal areas and laminate flooring, double glazed window to rear elevation.
Outside Landscaped communal gardens, residents' and visitor parking (on a first come, first serve basis). Communal areas Residents' lounge, communal laundry room and guest suite.
Agents note: council tax Band A.
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.
Area
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FAQ
About 16 Homesea House, Green Road, Southsea
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