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See how verdicts work2-bedroom house · PO5 3NW
For saleReduced £5k (−2.7%) on 23 MayListed 322 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £180,000-£190,000. DELIGHTFUL SEA VIEWS FROM THIS 6TH FLOOR RETIREMENT APARTMENT.
We are pleased to offer for sale this 2 bedroom 6th floor seafront retirement apartment with views over The Solent towards the Isle of Wight and Portsmouth Harbour The accommodation comprises 2 bedrooms, good size lounge, fitted kitchen and newly fitted shower room.
The development offers a communal car park, laundry room, residents lounge/kitchen, guest suite, games room with terrace area, 8th floor observation deck with large roof terrace, on site house manager and lift to all floors.
This development is located in the heart of Southsea and benefits from local amenities including restaurants, cafes, bars, shops, bus routes, Gunwharf Quays and several train stations.
Call now to arrange your accompanied viewing. Communal Entrance - Security intercom system allowing access to the communal entrance. Stairs and lift to 6th floor.
Flat front door to: Entrance Hall - 6.30m x 1.17m (20'8 x 3'10) - Electric night storage heater, coved and textured ceiling, security entry phone, storage cupboard housing hot water tank.
Lounge - 5.36m x 3.10m (17'7 x 10'2) - Triple aspect room with delightful sea views over The Solent towards the Isle of Wight and Portsmouth Harbour.
Electric night storage heater, archway to: Kitchen - 2.39m x 2.31m (7'10 x 7'7) - Fitted kitchen comprising single drainer stainless steel sink unit with wall and base cupboards, electric cooker point, space for fridge freezer, part tiled walls, window to side.
Bedroom 1 - 4.09m x 2.64m (13'5 x 8'8) - Window to side, electric night storage heater, fitted wardrobe.
Bedroom 2 - 4.09m x 2.29m (13'5 x 7'6) - Window to side, electric night storage heater, fitted wardrobe.
Shower Room - 1.63m x 2.21m (5'4 x 7'3) - Newly fitted shower room which was replaced about a year ago which comprises double shower, wash hand basin, WC, tiled walls, heated towel rail, coved and textured ceiling, electric heater, extractor.
Additional Information - Tenure - Leasehold Length of Lease - 125 years from 01/11/1987 - Approximately 87 years remaining Service Charge - £5254.70pa - includes buildings insurance Ground Rent - £658.30pa The information provided about this property does not constitute or form part of an offer or contract, nor may it be used as a representation.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
Reference to appliances and/or services does not imply they have been tested.
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.
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About Clarence Parade, Southsea
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