1-bedroom property · PO9 1ED
For saleListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nicely located in a quiet backwater, yet only a short stroll from the amenities of Havant town centre, including Waitrose and a mainline train station, this lovely apartment will make an ideal retirement home.
The accommodation comprises a spacious lounge/dining area and a neatly fitted kitchenette, a shower room and double bedroom with built in wardrobes.
The property is accessed via a security entrance through a characterful conservation setting which also affords a communal parking area.
Watermill Court offers a welcoming community with the communal lounge and laundry room (included with the maintenance charges), there is also a lift to all floors and a guest lodge for overnight stays.
Externally there are parking spaces for residents and visitors to use. Also benefiting from No Forward Chain, contact us at your soonest convenience to arrange your viewing.
COMMUNAL ENTRANCE Hallway leading to stairs and lift to all floors HALLWAY BEDROOM 19' x 8' 9" (5.79m x 2.67m) SHOWER ROOM LOUNGE/DINER 17' 9" x 11' 4" (5.41m x 3.45m) KITCHEN 9' x 5' 9" (2.74m x 1.75m) AGENTS NOTE There are 105 years remaining on the lease (125 Yrs from March 2005) We understand the Ground Rent is £197.50 per half year and Service Charge is £1700 per half year COMMUNAL LAUNDRY ROOM COMMUNAL LOUNGE
Value & comps
No previous sales on record.
Returns
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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 Watermill Court, Springwell, Havant
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