1-bedroom flat · PO8 0XA
Sold STCListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO FORWARD CHAIN is offered with this ONE DOUBLE BEDROOM FIRST FLOOR RETIREMENT FLAT in Horndean.
Accommodation boasting modern kitchen, modern shower room with walk in shower cubicle, double bedroom with fitted bedroom furniture, residents facilities including lounge, gardens and parking.
Council Tax Band: B Tenure: Leasehold (62 years) Service Charge: £762.23 per quarter Communal Entrance Via security intercom, lift or stairs to all floors.
Personal Entrance Timber glazed front door leading into the entrance hall.
Entrance Hall Wall mounted security intercom, emergency alarm pull cord, wall mounted electric heater, walk in storage cupboard with shelving, hot water tank and utility meters.
Lounge / Dining Room 11.25ft x 14.53ft Double glazed window to rear aspect, wall mounted electric heater, coved and textured ceiling, wall mounted emergency alarm pull cord, archway to kitchen.
Kitchen 7.83ft x 8.0ft Modern matching range of wall and base units complemented with work surfaces over incorporating 1½ bowl sink unit with mixer tap and drainer, four ring electric hob with extractor canopy over, stainless steel eye level double oven, space and plumbing for washing machine, spaces for under counter fridge and freezer, tiled splashback, laminate tiled effect flooring, coved and textured ceiling with pin spot downlighting.
Bedroom One 9.25ft x 12.83ft Double glazed window to rear aspect, range of fitted bedroom furniture, wall mounted electric heater, wall mounted emergency alarm pull cord, coved and textured ceiling.
Shower Room 7.23ft x 5.78ft Modern suite comprising walk in shower cubicle, wash hand basin and low level wc set in vanity unit, fitted storage cupboard, chromium ladder style heated towel rail, tiled to principle areas, laminate tiled effect flooring, coved and textured ceiling with extractor fan, wall mounted emergency alarm pull cord.
Additional Information Facilities on site include residents parking, residents gardens, residents lounge, lifts, laundry room, guest suite (chargeable).
There is also a house manager on site at specified times. Minimum age 60 years.
Service charge £762.23 per quarter Ground Rent £175.00 per annum Length of lease 99 years from 1988 The above lease details and charges are believed to be correct but these should be confirmed prior to purchase.
PLEASE NOTE: Leasehold Reform Benefits (2025 Changes) The Government’s Leasehold and Freehold Reform Act 2024 introduces significant improvements for leaseholders.
This flat qualifies immediately for the following: 990-Year Lease Extension Ground Rent Reduced to Zero (Peppercorn Rent) No "Marriage Value" Payable (a substantial saving) Simplified, More Transparent Process.
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
Agent & docs
FAQ
About Rosecott, Havant Road, Horndean, PO8 0XA
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