2-bedroom flat · PO6 1AG
Sold STCListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with No Forward Chain, we're pleased to present to the market this two bedroom ground floor apartment located in East Lodge Park, Farlington.
The accommodation consists of a kitchen, a lounge benefitting from a south facing balcony, two bedrooms and a bathroom.
Other benefits include double glazing, a garage located in a block close by and an extended lease (currently in process). To arrange your viewing contact our Drayton Office today!
COMMUNAL ENTRANCE FRONT DOOR HALLWAY KITCHEN 9' 9 max" x 6' 8 max" (2.97m x 2.03m) LOUNGE 16' 4" x 10' 9" (4.98m x 3.28m) Access to a south facing balcony.
BEDROOM ONE 11' 11" x 11' 9" (3.63m x 3.58m) Access to a balcony BATHROOM 9' 9 max" x 6' 0" (2.97m x 1.83m) BEDROOM TWO 10' 9" x 7' 9" (3.28m x 2.36m) GARAGE As of 01/05/2026, the vendor has informed us that the lease details are as follows:- Tenure: Leasehold Landlord/Managing Agent: Dack Balance of Lease: 71 as of 01/05/2026, The lease is currently being extended to add an additional 90 years.
Ground Rent Charges: £120.00 per annum (paid until 28th September 2026). £0 once lease extension is complete.
Ground Rent Review Period: Annually Maintenance/Service Charges: £290.00 per quarter in advance. Maintenance /Service Charges Review Period: Annually, due 28th September 2026.
Building Insurance: Included in service charge. Confirmation of all charges relating to this property should be confirmed by your solicitor prior to any exchanging of contracts.
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 East Lodge Park, Farlington, Portsmouth
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