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See how verdicts work1-bedroom property · PO12 1QG
Sold STCReduced £2.5k (−2.8%) on 25 OctListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located near to the lift in this retirement complex for the over 60`s independent living. The flat offers 1 bedroom, lounge, modern kitchen and 4 piece bathroom.
Close to the facilities of Stoke Road and sold with NO FORWARD CHAIN. Communal Entrance Lift or stairs to each floor, the flat is located on the 1st floor.
Entrance Hall Emergency assistance call panel incorporating door entry system, coved ceiling, storage cupboard with hot water tank and meters.
Lounge - 15'6" (4.72m) x 10'6" (3.2m) 2 PVCu double glazed windows, emergency assistance pull cord, 2 wall uplighters, storage heater, coved ceiling, archway to: Kitchen - 7'3" (2.21m) x 5'5" (1.65m) Modern kitchen with cream fronted doors comprising single drainer stainless steel sink unit, wall and base cupboards with worksurface over, built in oven and microwave, space for fridge with fridge to remain, extractor fan, tiled splashbacks, coved ceiling.
Bedroom - 12'2" (3.71m) x 8'9" (2.67m) PVCu double glazed window, storage heater, built in wardrobe, coved ceiling.
Bathroom Panelled bath, W.C., corner hand basin, separate shower cubicle, emergency assistance call button to bath panel, tiled walls, extractor fan, coved ceiling.
Residence Facilities Communal lounge, laundry room, guest suite for hire, communal landscaped garden, casual parking area. Tenure Leasehold. Balance of a 99 year lease from 1st September 1985.
Current ground £511.26 per annum and maintenance charges £2510.64 per annum. We believe the maintenance charges include water, sewage and building insurance.
We believe there is a 1% charge made when the property is sold paid by the seller at the time.
Purchasers should be aware that they would need to be over the age of 60 to purchase and in the case of a couple, one must be 60 years and the partner must be 55 years or over.
The development is designed for independent, active living. There are no care related services available.
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 property.
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
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FAQ
About Homefort House, Stoke Road, Gosport
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