1-bedroom house · PO13 9BP
Listing removedReduced £10k (−9.1%) on 18 JulListed 207 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Offered for sale with No Onward Chain is this well presented, third floor retirement apartment with views down Beach Road to The Solent.
The property benefits from a modern kitchen and one bedroom with built in wardrobes.
* The Accommodation Comprises Secure entry communal front door to: Communal Entrance Hall Manager’s office, communal laundry room, residents lounge, lift and stairs to all floors.
Third Floor Door to: Entrance Hall Emergency pull cord and front door entry control panel, loft hatch, large storage cupboard housing meters and consumer unit to wall, hot water boiler, shelving.
Lounge/Dining Room (17' 4'' x 10' 7'' (5.28m x 3.22m)) UPVC double glazed window with views down Beach Road of The Solent, electric storage heater, emergency pull cord, arch to: Kitchen (7' 4'' x 5' 5'' (2.23m x 1.65m)) Fitted with a modern range of base cupboards and matching eye level units, rolltop worksurface, stainless steel sink unit with mixer tap, electric hob, space for tall fridge freezer.
Bedroom (13' 11'' x 8' 8'' (4.24m x 2.64m) plus cupboard) UPVC double glazed window with views down Beach Road of The Solent, electric storage heater, emergency push button, open cupboard with shelving and further built-in wardrobe with hanging space.
Shower Room (6' 8'' x 5' 5'' (2.03m x 1.65m)) Close coupled WC, pedestal wash hand basin, large shower cubicle with electric shower, ladder-style towel rail, Dimplex wall heater, extractor fan, emergency push button.
Outside Hometide House benefits from resident’s car park (subject to availability), communal gardens and patio area overlooking The Solent, communal washing line.
Lease Information The vendor informs us at the time of instruction of the following lease information.
We would however suggest this information is verified by your legal representative before exchange of contracts.
Lease: Tbc years from 198X Ground Rent: £tbc per annum Service Charge: £tbc per annum General Information Construction - Traditional Water Supply – Portsmouth Water Electric Supply – Mains Sewerage - Mains Mobile & Broadband coverage - Please check via: Flood risk - Please check via:
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
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FAQ
About 51, Hometide House, Lee-On-The-Solent
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