2-bedroom flat · PO12 1EN
For saleListed 397 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the prestigious Rope Quays development, Sanderling Lodge offers bright, modern living with unrivalled convenience on the south coast. - Offered with no forward chain.
Charters are pleased to present this well-appointed two-bedroom apartment within the desirable Rope Quays gated development, ideally located adjacent to Portsmouth Harbour and within easy reach of the town centre.
Situated on the first floor, the apartment boasts a private balcony offering sea views - an ideal spot to enjoy the surrounding coastal scenery.
The property is being sold with a tenant in situ, currently generating an annual rental income of approximately £14,700 under an Assured Shorthold Tenancy agreement, making it an attractive investment opportunity.
The accommodation comprises a welcoming entrance hallway with built-in storage, leading into a spacious open-plan living and kitchen area complete with integrated appliances.
The living space provides access to the balcony, which enjoys views towards Portsmouth Harbour.
There are two generously sized double bedrooms, both featuring built-in wardrobes, with the principal bedroom benefiting from an en-suite shower room.
A separate, modern bathroom serves the second bedroom and guests.
Further benefits include electric gated access to the well-maintained development, an allocated parking space to the front of the block, and a secure communal entrance with both lift and stair access to the first floor.
Early viewing is highly recommended. Please contact us for further details or to arrange a viewing. Early viewing is highly recommended. Please contact us for further details or to arrange a viewing.
Tenure Leasehold 125 Years Unexpired Years: 103 Years Annual Ground Rent: £405.44 Ground Rent Increase: Tbc Ground Rent Review Period: Tbc Annual Service: £2,724.12 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor Additional information Materials used in construction: Ask Agent Cladding currently being repaired.
For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Situated in a great location next to Portsmouth Harbour, the property is well situated within reach of the town centre which is approximately a five minute walk away.
It is also only 0.6 mile from the Gosport ferry terminal which is a 5 minute sailing to Portsmouth Harbour where you will find Gunwharf Quays which offers outlet shopping, cinema, bars and restaurants.
Royal Clarence Yard is also moments away which is a historic naval development which has a gym, restaurants and bars and a lovely walk taking you across the Millennium Bridge and along Portsmouth Harbour.
The beach at Stokes Bay is approximately 2.5 miles away which has more restaurants, bars, golf and lovely views across The Solent and Isle of Wight.
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 42, Sanderling Lodge,, Rope Quays, Hampshire
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