2-bedroom flat · PO6 1AG
For saleListed 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** NO CHAIN ** CASH BUYERS ONLY ** 2 DOUBLE BEDROOMS ** GARAGE ** 71 YEAR LEASE ** IDEAL PROJECT/REFURBISHMENT ** Situated in the quite and popular location of East Lodge Park, this 2 Double Bedroom Flat is offered for sale with No Chain.
Being located on the top floor, offering discerning buyers an opportunity to modernise to their own taste and style.
An entrance hallway gives access to the living room with its West Facing Balcony, kitchen, bathroom, main bedroom with its East Facing Balcony and a second double bedroom.
Contact Northwood to arrange your viewing.
Tenure: Leasehold, Length of lease (remaining): 71 years 4 months, Entrance Large private storage cupboard and front door to: Entrance Hallway Storage cupboard, textured ceiling and coving, doors to: Living Room Double glazed windows to front aspect and double glazed door to the west facing balcony, textured ceiling and coving, wall lighting.
Kitchen Double glazed window to rear aspect, range of wall and base level units with worktop surfaces over, inset sink and drainer unit with mixer tap, part tiled walls, space for electric cooker with extractor unit above, further space for washing machine and other white goods, storage cupboard with shelving, textured ceiling.
Bedroom 1 Double glazed window to rear aspect and double glazed door to the east facing balcony, textured ceiling and coving, built-in double wardrobe with shelving and hanging rail.
Bedroom 2 Double glazed window to front aspect, textured ceiling and coving.
Bathroom Frosted double glazed window to rear aspect, suite comprising panel enclosed bath with electric shower over, pedestal wash hand basin and low-level WC, cupboard housing the hot water cylinder, textured ceiling and part tiling to walls.
Outside Single garage, communal grounds and residents parking.
NB Due to the length of the lease we are looking for cash buyers, however if you require a mortgage and your provide/advisor confirms that your lender will provide a mortgage on a leasehold property with 71 years remaining, then please contact us.
Disclaimer While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers.
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
FAQ
About East Lodge Park, Farlington, Portsmouth, PO6
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