1-bedroom property · PO12 1QQ
Sold STCListed 276 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 1 bed 2nd floor retirement apartment for over 60` independent living. The accommodation comprised lounge, kitchen with window and re-fitted wet room.
There is a lift and stairs to all floors, communal lounge, laundry room, parking and garden. Communal Entrance Lift or stairs to each floor. The flat is located on the 2nd floor.
Entrance Hall Emergency assistance call panel incorporating door entry system, coved ceiling.
Lounge - 14'6" (4.42m) x 11'9" (3.58m) PVCu double glazed window, storage heater, airing and storage cupboard with meters, emergency assistance pull cord, coved ceiling, 2 wall lights, archway to: Kitchen - 7'3" (2.21m) x 5'7" (1.7m) Single drainer stainless steel sink unit, wall and base cupboards with worksurface over, tiled splashbacks, coved ceiling, electric cooker point (cooker to remain), PVCu double glazed window, space for fridge.
Bedroom - 17'9" (5.41m) x 8'8" (2.64m) Built in double cupboard, storage heater, PVCu double glaze window, 2 wall lights, coved ceiling.
Wet Room Re-fitted with white suite of pedestal hand basin, low level W.C., Mira shower, low level shower screens, tiled walls, wall mounted fan heater, extractor fan, emergency assistance button.
Communal Facilities Communal landscaped garden area, residents lounge, laundry room, guest suite available for rent. Tenure Leasehold.
Balance of a 99 year lease from 1st September 1985, current ground £511.26 per year and maintenance charges £3765.96 per year.
We believe the maintenance charges include water, sewage and building insurance. We believe there is a 1% charge made when the property is sold paid by the seller at the time.
Purchasers should be aware that they would need to be over the age of 60 to purchase and in the case of a couple, one must be 60 years and the partner must be 55 years or over.
The development is designed for independent, active living. There are no care related services available.
These details are provided to the best of our ability from the information provided to us by the owner, but a buyer should check the figures once the official leasehold enquiries from the management company/freeholder are received by their legal advisor as they can be subject to change.
This should be done before exchanging contracts to purchase the property. Services We understand that this property is connected to mains electric, water and sewage. There is no gas to this property.
Notice Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items.
All measurements are approximate and photographs provided for guidance only.
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.
Area
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FAQ
About Homefort House, Stoke Road, Gosport
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