2-bedroom flat · PO16 8TG
Sold STCListed 187 days
Opportunity summary
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About
DESCRIPTION NO FORWARD CHAIN. A modern first floor two bedroom maisonette located within a popular residential position close to local schools and amenities.
The property is approached via its own private front door and has a staircase to the first floor. There is a living room, separate kitchen with window, two bedrooms and a three piece bathroom.
The property benefits from double glazing and is warmed by gas central heating. As sole agents, we would highly recommend an early inspection.
PRIVATE FRONT DOOR Leading to: ENTRANCE HALL Staircase to first floor. LANDING Access to loft space. Airing cupboard housing hot water cylinder.
Doors to: LIVING ROOM Double glazed window to rear elevation. Coved and textured ceiling. Radiator. Door to: KITCHEN Double glazed window to front elevation.
Stainless steel single drainer sink unit with cupboard under. Further range of wall and base level units with roll edge work surfaces over and splash back tiling.
Built-in four ring gas hob with cooker hood over and electric oven beneath. Plumbing for washing machine. Recess for fridge/freezer. Radiator. Coved and textured ceiling. Wall mounted gas boiler.
BEDROOM ONE Double glazed window to front elevation. Radiator. BEDROOM TWO Double glazed window to front elevation. Radiator. Coved and textured ceiling. Built-in storage cupboard.
BATHROOM Double glazed window to side elevation. Panel enclosed bath with shower unit over. Pedestal wash hand basin. Low level close coupled WC. Part tiled walls.
OUTSIDE There is non-allocated parking within Redwood Drive, including a parking area to the front.
The property also benefits from a useful outside storage cupboard which is set beneath the staircase.
LEASE INFORMATION Lease length: Remainder of a 125 year lease from 29th January 1989 (87 years remaining). Maintenance/Service Charge: £325 per annum (for the period 01/04/2026 to 31/03/2027.
Ground Rent: £10 per annum (for the period 01/04/2026 to 31/03/2027. AGENT'S NOTE A grant of probate is currently awaited and will be required prior to exchange of contracts.
COUNCIL TAX Fareham Borough Council. Tax Band B. Payable 2026/2027. £1,765.98.
Value & comps
No previous sales on record.
Returns
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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 Redwood Drive, Portchester
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