1-bedroom flat · PO12 1GH
Sold STCListed 265 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive 1 bed 2nd floor apartment within the Royal Clarence conservation area, with open plan living and glass screened balcony.
This would make an ideal first time purchase as it has long lease and has parking via permit. Communal Entrance With lift or stairs to each floor, the flat is located on the 2nd floor.
Entrance Hall Electric panel heater, built in double cupboard with shelf and plumbing for washing machine, laminate flooring, door entry phone.
Open Plan Living Area - 19'8" (5.99m) x 15'7" (4.75m) Timber double glazed French doors giving access to balcony with glass screen, additional timber double glazed side window, electric panel heater, laminate flooring.
Kitchen Area Single bowl stainless steel sink unit, wall and base cupboards with worksurface over, built in oven and 4 ring electric hob with cooker extractor canopy over, integrated fridge and freezer, pelmet lighting extractor fan.
Bedroom - 11'7" (3.53m) Max x 9'3" (2.82m) Built in double wardrobe, electric panel heater, timber double glazed window.
Bathroom - 7'1" (2.16m) x 6'5" (1.96m) Panelled bath with mixer tap and shower attachment, vanity hand basin, W.C.
with concealed cistern, ceramic tiled floor, shaver point, heated towel rail, extractor fan, tiled splashbacks. OUTSIDE Parking Parking space is via a permit issued by the management company.
Services We understand that this property is connected to mains electric, water and sewage. There is no gas to this property. Tenure Leasehold.
Balance of a 999 year lease less 10 days from and including 1st January 2002.
Current ground rent £175 per annum and maintenance charges approx £1800 year which includes building insurance, water rates and sewage rates.
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. what3words /// tight.remote.event 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
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