2-bedroom property · PO12 1SR
For saleListed 257 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A 2 bedroom first floor retirement apartment for the over 60`s with views over Work House Lake. The accommodation offers a lounge, re-fitted kitchen and shower room.
Communal facilities include lounge, laundry room, guest suite, parking and gardens. Communal Entrance Hall With lift or stairs to each floor. The flat is located on the 1st floor.
Entrance Hall Glazed front door, meter cupboard, airing cupboard, storage heater, laminate flooring, emergency assistance call panel, door entry phone.
Lounge - 18'8" (5.69m) Into Bay x 10'11" (3.33m) PVCu double glazed window, storage heater, laminate flooring, coved ceiling, electric panel heater.
Kitchen - 9'9" (2.97m) x 7'2" (2.18m) 1 1/2 bowl stainless steel sink unit, wall and base units with worksurface over, built in oven and 4 ring electric hob with extractor canopy over, space fridge/freezer, tiled splashbacks, PVCu double glazed window, pelmet lighting, laminate flooring, emergency assistance pull cord, integrated dishwasher, tiled splashbacks.
Bedroom 1 - 12'4" (3.76m) Into Recess x 9'4" (2.84m) PVCu double glazed window, built in double cupboard, laminate flooring, emergency assistance pull cord.
Bedroom 2 - 9'6" (2.9m) Max x 6'8" (2.03m) PVCu double glazed window, electric panel heater, built in single cupboard, laminate flooring, emergency assistance pull cord.
Shower Room - 6'8" (2.03m) x 5'8" (1.73m) White suite of shower cubicle with Mira shower, low level W.C., vanity hand basin with cupboard under, tiled splashbacks, extractor fan, emergency assistance pull cord.
Communal Facilities Residents communal lounge and laundry room, guest suite available to rent for the house manager, casual parking, communal areas to side and around the development including a garden area.
Tenure Leasehold. Balance of 99 year lease from 7th August 2001. Current service charge £356.75 per month from 1st April 2025.
There is a sinking fund contribution on the future sale of the property which is currently calculated as 1.2% of your purchase price x the number of years you own the property.
These details are provided to the best of our ability from the information provided to us by the owner, but a buyer should check the figures once the official leasehold enquiries from the management company/freeholder are received by their legal advisor as they can be subject to change.
This should be done before exchanging contracts to purchase the property. Services We understand that this property is connected to mains electric, water and sewage.
There is no gas to this development. what3words /// lands.think.eagle Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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
Agent & docs
FAQ
About Alver Quay, Gosport
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