We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · PO16 9NB
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well maintained purpose built over 60's ground floor retirement flat in central Portchester with no chain ahead offering: Double bedroom with built in wardrobes, entrance hallway, emergency call system, lounge overlooking and accessing a rear garden, fitted kitchen, white bathroom suite, additional well maintained communal gardens, residents and guest parking available.
The Accommodation Comprises:- Covered entrance and UPVC part double glazed door to: Entrance Hallway:- Dimplex heater, wood effect laminate flooring, built-in under stairs storage cupboard and additional airing cupboard, textured ceiling.
Doors to: Lounge:- (14' 1'' x 9' 9'' (4.29m x 2.97m)) UPVC double glazed windows and double doors overlooking and accessing the rear garden, TV aerial point, Dimplex heater, feature fireplace and coving to textured ceiling.
Kitchen:- (11' 8'' x 7' 2'' (3.55m x 2.18m)) UPVC double glazed box bay window to the front elevation overlooking the communal garden, the kitchen is fitted with a range of base and eye level storage units with roll top worksurfaces, single bowl single drainer sink unit inset with a mixer tap and part tiled walls, space for appliances, plumbing for washing machine, Dimplex heater, space for a small table and chairs if required and textured ceiling.
Double Bedroom:- (14' 1'' x 9' 4'' (4.29m x 2.84m) Maximum Measurements) UPVC double glazed window to the rear elevation, built in wardrobes, Dimplex heater and coving to textured ceiling.
Bathroom:- (7' 7'' x 5' 2'' (2.31m x 1.57m)) Opaque UPVC double glazed window to the front elevation, white suite comprising panelled bath with electric shower over, pedestal wash hand basin, close coupled WC, Dimplex heater, part tiled walls and textured ceiling.
Outside:- The property is located in a sought after retirement development in central Portchester with well maintained communal gardens, shared washing lines together with allocated and guest parking.
Rear Garden:- Being ground floor the property benefits from a low maintenance rear garden with AstroTurf lawn, patio area and shrub borders that is accessed directly from the lounge.
Agents Note:- We have been advised the property is leasehold with a 99 year lease from 1st June 1986 so there are approximately 60 years remaining.
The maintenance charge from the 1st April is approximately £2,687.25 per annum and £100.00 per annum ground rent.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png){kind=logo}
FAQ
About 21, Postern Close, Fareham
Explore nearby
