1-bedroom house · PO31 7QJ
Sold STCListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well appointed first floor modern, purpose built apartment. Available on a LONG LET - UNFURNISHED - EPC Rating: C Hall Entrance hall with storage cupboard - intercom.
Lounge/Diner/Kitchen Dimensions: 16' 5'' x 12' 1'' (5.0m x 3.68m). A bright multi-use reception with Juliette balcony and a sideways view of the sea. Space for both lounge and dining furniture.
A series of floor and wall mounted storage units and integrated appliances to include, washer/dryer, fridge/freezer, hob, cooker and microwave.
Bedroom Dimensions: 11' 9'' x 10' 6'' (3.57m x 3.2m). A large double bedroom with built in wardrobes.
Bathroom Modern well appointed bathroom with panelled bath screen and shower over, w/c, basin and heated towel rail.
PLEASE READ Prospective tenants are required to have a combined income of at least 2.5x the rent to pass affordability checks.
If tenant income does not meet this threshold and/or they have poor credit history they may be required to provide a Guarantor.
Guarantors are required to have an income of at least 3x the rent to pass affordability checks, plus no negative credit history.
Based on the advertised rent of: £850pcm, the income thresholds are: Tenant(s): £25500 per year or Guarantor: £30600 per year We do not discriminate on where income comes from - earnings, benefits, pensions, investments etc are all treated equally.
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 The Parade, Number One The Parade, PO31
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