2-bedroom flat · PO8 0XA
For saleReduced £3k (−2.2%) on 4 AugListed 378 days
Opportunity summary
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About
Description No forward chain is offered with this two bedroom first floor retirement flat in Horndean.
Accommodation boasting lounge with double aspect windows, kitchen with plumbing for own washing machine, electric heaters, emergency alarm pull cords throughout, good access to Horndean village amenities.
Council Tax Band: C Tenure: Leasehold (64 years) Ground Rent: £175 per year Service Charge: £900 per quarter Communal Entrance Via security intercom, stairs or lift to first floor.
Personal Entrance Front door leading to entrance hall.
Entrance Hall Wall mounted electric heater, coved and textured ceiling with access to loft area, wall mounted security intercom and emergency alarm pull cord, storage cupboard with shelving housing wall mounted electric consumer unit and fuse board, separate airing cupboard with shelving and hot water tank.
Lounge (11.55' x 13.50') Two double glazed windows to side and rear aspects, coved and textured ceiling, emergency alarm pull cord.
Kitchen (11.67' x 7.33') Matching range of wall and base units complemented with work surfaces over incorporating 11⁄2 bowl stainless steel sink unit with mixer tap and drainer, electric hob with extractor canopy over, eye level electric oven, space and plumbing for washing machine, double glazed window to rear aspect, tiled to principle areas, emergency alarm pull cord, coved and textured ceiling.
Bedroom One (11.07' x 13.09') (Maximum measurements not including depth of fitted wardrobe cupboard).
Double glazed window to side aspect, coved and textured ceiling, fitted wardrobe cupboard with shelving and hanging rail, emergency alarm pull cord.
Bedroom Two (11.69' x 7.84') Double glazed window to rear aspect, wall mounted electric heater, emergency alarm pull cord, coved and textured ceiling.
Bathroom (7.34' x 7.84') Suite comprising panelled bath with wall mounted shower, pedestal wash hand basin, close coupled low level wc, coved and textured ceiling, emergency alarm pull cord, tiled to principle areas.
Additional Information Facilities on site include:- residents parking, residents gardens, residents lounge, lifts, laundry room, and guest suite (chargeable).
There is also a house manager on site at specified times, Minimum age 60 years.
Service Charge £900 Per Quarter Ground Rent Charge £175 Per Annum Length of the lease 99 Years from 1988 The above lease details and charges are believed to be correct but these should be confirmed prior to the purchase.
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 Flat 41, Rosecott, Horndean, Waterlooville
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