1-bedroom flat · GU51 2AE
For saleReduced £5k (−2.6%) on 10 OctListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the ever popular Fleet Mill development, and local to Fleet railway station, this exceptionally spacious one double bedroom apartment in Lorica House is offered to the market for the first time since new.
Positioned on the ground floor, this impressive modern open plan kitchen / living / dining room provides a fantastic, versatile environment, perfect for both relaxing and entertaining.
The modern kitchen is well appointed with integrated appliances and ample worktop and storage space. The double bedroom offers plenty of room for furnishings and ample storage space.
The bathroom is stylish, contemporary and well presented.
Further benefits include allocated parking and a highly convenient setting, ideal for commuters and those wanting easy access into Fleet town centre, with its array of shops, cafés and restaurants.
Excellent road links are also close by, making this a superb all round location. The development is well maintained with communal grounds and pathways, creating a clean and welcoming environment.
The property benefits from an allocated parking space, with additional visitor parking available.
Ideally positioned local to Fleet railway station, the location is perfect for commuters while still being close to local amenities and green spaces.
Lease remaining: 119 Years Service Charge: £1,070 - Reviewed: Yearly Ground Rent: Tbc - Reviewed: Tbc Council Tax Band: B Lease details, service charges, ground rent, maintenance charges (where applicable), and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
Valuation/Market Appraisal Thinking of selling or struggling to sell? Get in contact with Bridges your experienced, local agents and book your free valuation now!
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 5 Lorica House, Fleet Mill,, Minley Road, Hampshire
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