2-bedroom flat · PO6 2SD
Under offerReduced £15k (−16.7%) on 23 MayListed 246 days
Opportunity summary
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About
*PART BUY PART RENT PROPERTY - MIN 50% OWNERSHIP* We are pleased to offer for sale this in our opinion nicely presented two bedroom first floor flat, situated in central Cosham within close proximity to local amenities and transport links.
The property boasts allocated parking, fitted kitchen, lounge, bathroom, gas heating via radiators, double glazing and is offered with vacant possession.
Minimum purchase is 50% (£90,000), the rent based on the remaining 50% is £342.38 per calendar month.
Please note that eligibility conditions apply and applicants will be means tested for affordability. You may be assessed to purchase a larger share than advertised depending on your finances.
Viewing is highly recommended, please call AJM Estates today to schedule an appointment to view as soon as possible.
AGENT NOTES/MATERIAL INFORMATION: Portsmouth City Council Tax Band: A Energy Performance Rating: C Broadband estimated availability - Openreach, CityFibre, Virgin Media, EE & Three (Please refer to Ofcom broadband checker for further information) Mobile Availability - Vodafone, Three, O2 & EE (Indoor) Likely/Limited.
Mobile Availability - Vodafone, Three, O2 & EE (Outdoor) Likely. 5G is available -Please refer to Ofcom mobile checker for further information.
Flood Risk - Refer to - (GOV.UK (check-long-term-flood-risk.service.gov.uk) The property is connected to a mains supply for electric, gas and water and sewerage. The lease is 189 years from 1983.
Day to day repairs - £281.66 p.a Grounds maintenance - £73.46 p.a Insurance - £82.98 p.a Service charge admin fee - £53.27 p.a General management charge - £237.60 p.a Please note the above costs/fees have been provided to us by the seller and are provided only as a guideline.
Accommodation comprises: * Outside * Entrance Lobby Stairs leading to first floor and smooth walls.
* Lounge: 5.61m (into box window) x 4.06m (18' 5" x 13' 4") Double glazed box window to front aspect, textured and coved ceiling, smooth walls and radiator.
* Kitchen: 3.81m x 1.52m (12' 6" x 5') Furnished with a range of wall and base units, one and half bowl ceramic sink with mixer tap over and drainer, built in oven with gas hob and extractor fan over, integrated fridge and freezer.
Double glazed window to front aspect, textured ceiling, smooth walls with tiling to principal areas and vinyl flooring.
* Inner Lobby Textured ceiling, smooth walls and doors to: * Master Bedroom: 3.63m x 3.15m (11' 11" x 10' 4") Double glazed window to rear aspect, textured ceiling with access to loft, smooth walls and radiator.
* Bedroom Two: 2.69m (max) x 2.59m (8' 10" x 8' 6") Double glazed window to rear aspect, textured ceiling, smooth walls, built in cupboard housing 'Vaillant' combination boiler and radiator.
* Bathroom: 2.06m x 1.75m (6' 9" x 5' 9") Furnished with a matching white three piece suite incorporating panel enclosed bath with taps and electric shower over, pedestal wash hand basin with taps over and close coupled WC.
Textured ceiling, smooth walls with tiling to principal areas, extractor fan and vinyl flooring. This property is sold on a leasehold basis. The lease length is years.
Value & comps
No previous sales on record.
Returns
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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 Southlands, Lindisfarne Close, Cosham, Portsmouth, Hampshire, PO6 2SD
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