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See how verdicts work2-bedroom property · PO4 0DE
For saleListed 762 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**VIEW OUR 360 DEGREE VIRTUAL TOUR** We have pleasure in marketing for sale this very spacious two bedroom bedroom apartment situated on the FOURTH floor of this LUXURIOUS retirement complex located on Southsea's Sea Front.
Designed for the over 70's with residents benefiting from McCarthy & Stones's retirement living plus package, this five star development features an IMPRESSIVE residents lounge, subsidised bistro, wellbeing suite, guest suite, communal laundry and mobility scooter park.
Occupying the north east side, the apartment offers a fabulous BALCONY spanning the entire length of the apartment and enjoys rooftop views of the city and is accessed from both the living room and both bedrooms.
With lift service from the SECURE main reception, the apartment comprises; entrance hall with useful walk-in store room, living/dining room, well equipped kitchen with INTEGRATED appliances, two double bedrooms, one with ensuite and a separate adjoining shower room.
With no forward chain, we would highly recommend viewing at the earliest opportunity.
Reception Hall 7' 3'' x 4' 3'' (2.21m x 1.29m) Living/ Dining Room 19' 8'' x 11' 1'' (5.99m x 3.38m) Kitchen 8' 10'' x 6' 11'' (2.69m x 2.11m) Master Bedroom 13' 1'' x 12' 4'' (3.98m x 3.76m) Ensuite 9' 9'' x 6' 4'' (2.97m x 1.93m) Bedroom 2 12' 8'' x 11' 5'' (3.86m x 3.48m) Shower Room 11' 1'' x 3' 5'' (3.38m x 1.04m) Store 5' 10'' x 3' 5'' (1.78m x 1.04m) Balcony 42' 9'' x 4' 1'' (13.02m x 1.24m) AGENTS NOTES Tenure: Leasehold Term: 993 years remaining Ground Rent: £510.00 per annum Service Charge: £11,414.28 per annum EPC Rating: 'B' Council Tax Band: 'D'
Value & comps
No previous sales on record.
Returns
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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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