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See how verdicts work1-bedroom flat · PO9 1ED
For saleListed 88 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This one bedroom, second floor McCarthy & Stone flat is situated within Watermill Court which is a block of 39 apartments arranged over three floors with lifts to all.
The property is part of a historic site within Havant town centre and the accommodation comprises, in brief : entrance hall, bathroom, bedroom, kitchen and lounge / diner.
The property is double glazed and has electric wall mounted heaters.
Enter Via Front Door Leading Into : Hallway Doors to all of the rooms, security entrance phone, two cupboards (one housing the meters and one large storage cupboard.) Lounge/Diner Double glazed window to rear aspect, wall mounted electric heater, smooth coved ceiling.
Kitchen Double glazed window to rear aspect, range of wall and base units with rolled top work surfaces over incorporating one stainless steel sink with mixer tap over, integral halogen hob, integral oven, extractor hood over hob, integral fridge, integral freezer, tiled walls, smooth ceiling.
Bedroom Double glazed window to rear aspect, wall mounted electric heater, double fitted mirrored wardrobes, smooth coved ceiling.
Shower Room Three piece suite comprising of a shower cubicle, low level w.c., vanity wash hand basin, tiled walls, extractor fan, wall mounted light over wall mounted mirror, smooth coved ceiling.
Ground rent £395 PA Service charge £2899.46 PA for 2022/23 LEASEHOLD INFORMATION Remainder of 125 year lease dated from 1st March 2005. Havant Borough Council, Band C
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
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FAQ
About Springwell, Havant
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