2-bedroom flat · PO12 3BX
Sold STCListed 356 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor flat with NO FORWARD CHAIN. The accommodation offers 2 bedrooms, a modern kitchen and modern bathroom. The lounge has direct access onto the communal garden.
Also outside is allocated parking and visitors parking. IDEAL FIRST TIME PURCHASE OR INVESTMENT Entrance Hall Double storage cupboard, radiator, door entry phone, coved ceiling, laminate flooring.
Lounge - 14'6" (4.42m) x 10'1" (3.07m) PVCu double glazed French doors to garden, radiator, coved ceiling, laminate flooring, archway to: Kitchen - 10'1" (3.07m) x 5'11" (1.8m) Single bowl sink with timber worktop, fitted grey base units, tiled splashbacks, built in oven and 4 ring gas hob with cooker extractor canopy over, recess for fridge/freezer, plumbing for washing machine, laminate flooring, coved ceiling, wall mounted Vaillant gas central heating boiler.
Bedroom 1 - 12'4" (3.76m) x 8'9" (2.67m) PVCu double glazed window, radiator, laminate flooring, coved ceiling.
Bedroom 2 - 9'0" (2.74m) x 5'10" (1.78m) PVCu double glazed window, radiator, laminate flooring, coved ceiling.
Bathroom - 8'3" (2.51m) x 5'11" (1.8m) Panelled bath with mixer tap and separate shower over, shower screen, low level W.C., pedestal hand basin, tiled splashbacks, coved ceiling, extractor fan, radiator.
OUTSIDE Allocated parking space, visitors parking spaces, communal garden. Services We understand that this property is connected to mains gas, electric, water and sewage. Tenure Leasehold.
Balance of a 125 year lease from 1st April 2006. Current ground rent £150 per year and maintenance charges £145.43 per month which includes building insurance.
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. 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
Agent & docs
FAQ
About Redlea Court, Military Road, Gosport
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