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See how verdicts work2-bedroom flat · PO16 9LF
For saleReduced £5k (−2.2%) on 5 AugListed 151 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well proportioned purpose built first floor garden flat in South Portchester close to local amenities and the popular foreshore offering: Two double bedrooms, entrance lobby, ground floor study/office, lounge, fitted kitchen, modern bathroom and an enclosed Southwest facing garden.
The Accommodation Comprises:- Part double glazed composite front door to: Entrance Lobby:- (0' 0'' x 0' 0'' (0.00m x 0.00m)) Wood effect laminate flooring, stairs leading to the first floor, flat ceiling.
Part glazed door to: Study/Office:- (6' 8'' x 5' 8'' (2.03m x 1.73m)) UPVC double glazed window to the side elevation, built-in storage area, radiator, space for appliances or desk if required and textured ceiling.
First Floor Landing:- Built-in storage cupboard, flat ceiling with access to the loft, radiator.
Doors to: Lounge:- (15' 9'' x 11' 8'' (4.80m x 3.55m)) Large UPVC double glazed window to the front elevation, radiator with decorative cover, TV aerial point, wood effect laminate flooring and coving to flat ceiling with spotlights inset.
Kitchen:- (11' 4'' x 9' 6'' (3.45m x 2.89m)) UPVC double glazed window to the rear elevation, the kitchen is fitted with a range of base and eye level storage cupboards with roll top work surfaces, single bowl single drainer stainless steel sink unit inset with the mixer tap and part tiled walls, built-in oven and hob with extractor canopy above, space and plumbing for washing machine and slim line dishwasher, wall mounted gas central heating boiler, recess for fridge/freezer, space for a table and chairs if required, radiator and flat ceiling.
Bedroom One:- (12' 10'' x 10' 6'' (3.91m x 3.20m)) UPVC double glazed window to the front elevation, radiator, wood effect laminate flooring and coving to flat ceiling.
Bedroom Two:- (12' 10'' x 11' 8'' (3.91m x 3.55m)) UPVC double glazed window to the front elevation, radiator and coving to flat ceiling.
Bath/Shower Room:- (11' 2'' x 5' 9'' (3.40m x 1.75m)) Opaque UPVC double glazed window to the rear elevation, modern white suite comprising panelled bath with mixer tap, separate shower cubicle, close coupled WC, replacement wash hand basin with mixer tap and vanity storage below, part tiled walls, heated towel rail, tiled flooring and flat ceiling.
Outside:- The property benefits from a low maintenance shingle frontage with wooden gate and pathway to the front door.
A further wooden gate leads to the enclosed Southwest facing rear garden with a patio area for entertaining purposes and the remainder laid to lawn.
Agents Note:- We have been advised this property is leasehold with approximately 101 years remaining on the lease.
The ground rent is £10.00 per annum and the current service charge/maintenance is £629.00.
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 38, Bayly Avenue, Fareham
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