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See how verdicts work2-bedroom flat · PO13 9GG
Sold STCListed 507 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* An exciting opportunity to purchase this shared ownership, two bedroom apartment located close to the seafront at Lee on the Solent.
Located on the ground floor, the property enjoys a contemporary feel with open plan kitchen and living area.
* The Accommodation Comprises Communal front door with security entry system to floor level.
This apartment is located on the ground floor, door to: Entrance Hall Security entry phone, radiator, storage cupboard with consumer unit.
Open Plan Kitchen/Lounge/Dining Room 18' 2'' x 17' 2'' (5.53m x 5.23m) L-Shaped Room Double aspect UPVC double glazed windows to side and rear elevations, two radiators.
Fitted with a range of base cupboards and matching eye level units, roll top worksurface, stainless steel sink and drainer unit with mixer tap, recess and plumbing for washing machine, integrated electric oven, gas hob with extracted over, under unit lighting, space for fridge freezer.
Bedroom One 13' 2'' x 9' 7'' (4.01m x 2.92m) UPVC double glazed window to rear elevation, radiator.
Bedroom Two 12' 2'' x 6' 11'' (3.71m x 2.11m) UPVC double glazed window to front elevation, radiator.
Bathroom Obscured UPVC double glazed window, close coupled WC, pedestal wash hand basin, panelled bath with main shower over, ladder style radiator.
Outside The property benefits from allocated parking and communal gardens.
Agents Note This is a shared ownership purchase with 40% being offered for sale (higher and full share options can be available). Please note below charges provided to us by Abri Homes.
Lease: 120 years remaining Rent, Service charge, Insurance charge & Management charge: £467.37 per month.
As per the terms of the lease, any prospective purchaser will need to be assessed by Abri Homes before agreeing the sale.
General Information Construction - Traditional Water Supply – Portsmouth Water Electric Supply – Mains Gas Supply - Mains Sewerage - Mains Mobile & Broadband coverage - Please check via: Flood risk - Please check via:
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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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
FAQ
About Barracuda Court, Lee-On-The-Solent, PO13
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