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See how verdicts work1-bedroom house · PO16 9NB
For saleListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built and tastefully modernised first floor over 60's retirement apartment in Portchester close to local amenities and transport links in the village centre offering: Double bedroom with built in wardrobes, lounge with Juliette balcony, modern fitted kitchen & shower room, well maintained communal gardens, residents and guest parking available.
The Accommodation Comprises:- Part double glazed front door with security entry system to: Entrance Lobby:- Lobby area, Stairs leading to: First Floor Landing;- Opaque UPVC double glazed window to the front elevation, built-in airing cupboard housing high pressure sealed water system, Dimplex heater, textured ceiling, entry phone, Replacement doors to: Lounge:- (14' 1'' Plus Bay x 9' 9'' (4.29m x 2.97m)) UPVC double glazed windows and double glazed Juliette balcony to the rear elevation, Dimplex heater, TV aerial point, feature electric fireplace and coving to textured ceiling.
Kitchen:- (11' 8'' x 9' 2'' (3.55m x 2.79m) Maximum Measurements) UPVC double glazed window to the front elevation, the kitchen is fitted with a modern range of base and eye level soft close storage units, underlighting to the eye level units, roll top worksurfaces, single bowl single drainer sink unit inset with a mixer tap and part tiled walls, built in oven and hob with extractor canopy over, space and plumbing for washing machine, built-in under counter fridge and separate freezer, flat ceiling with spot lights inset.
Double Bedroom:- (14' 0'' x 9' 3'' (4.26m x 2.82m) Maximum Measurements) UPVC double glazed window to the rear elevation, Dimplex heater, built-in wardrobes and textured ceiling.
Shower Room:- (8' 6'' x 6' 8'' (2.59m x 2.03m) Maximum Measurements) Opaque UPVC double glazed window to the front elevation, modern white suite comprising double shower cubicle with water proof panelling to the walls, WC with concealed cistern and shelf above, integrated wash hand basin with mixer tap, vanity storage below and tiled splashback, chrome heated towel rail, textured ceiling with spot lights inset and extractor.
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.
Agents Note:- 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 will be £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
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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
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FAQ
About 21A, Postern Close, Fareham
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