2-bedroom flat · PO15 5NZ
Sold STCListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £220,000 - £230,000. We are delighted to present this immaculate apartment in the popular area of Catisfield.
With an impressive open plan living area, communal garden and allocated parking. An internal viewing is highly recommended.
Internally, the apartment opens into a welcoming entrance hallway, providing access to all principal rooms and two useful storage cupboards.
The standout feature is the impressive dual-aspect open-plan living area, offering a bright and spacious feel and further enhanced by fitted window shutters.
There are two well-proportioned bedrooms, both benefiting from fitted wardrobes, along with a modern bathroom. The property has a communal door accessed via a pedestrian gate.
There is an archway through to the allocated parking space and a visitors space.
There is a communal garden which has benches and is made up of shingle with shrub borders and is maintained by the estate gardener.
Lease Length - 125 years from 01/10/2014 Ground rent - £226 per annum Service charge - £1,300 per annum
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
FAQ
About Samuel Mortimer Close, Fareham, Hampshire, PO15
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