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See how verdicts work2-bedroom flat · PO6 4UW
Listing removedListed 227 days
Opportunity summary
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About
OVERVIEW The Anchorage,Lock Approach is a modern, attractive apartment complex situated at Port Solent marina and overlooks Portsmouth Harbour and Portchester Castle.
The apartments all have well maintained communal areas, undercroft parking, secure audio entry system and lifts and stairs to all floors.
There is a secure communal garden with views towards the marina.
Lock Approach is walking distance to all the restaurants and bars at Port Solent as well as the David Lloyd Leisure centre and Odeon cinema.
Port Solent offers easy access to the M27 and surrounding areas and Portchester train station is close by.
ROOM MEASUREMENTS Hallway - 15' 4" x 4' 6" (4.67m x 1.37m) Bathroom - 7' 2" x 5' 7" (2.18m x 1.7m) Main Bedroom - 11' 9" x 9' 9" (3.58m x 2.97m) Bedroom Two - 11' 8" x 9' 9" (3.56m x 2.97m) En Suite - 4' 0" x 6' 5" (1.22m x 1.96m) Lounge/Diner - 26' 6" x 12' 4" (8.08m x 3.76m) Kitchen - 9' 5" x 8' 11" (2.87m x 2.72m) PROPERTY DESCRIPTION This beautiful third floor apartment is presented in immaculate condition throughout.
Upon entering the apartment you come into the spacious L shaped entrance hall which has carpeted flooring and neutral decor.
There is a useful storage cupboard and doors leading to the bathroom and both bedrooms and double doors lead into the lounge/dining room. Both double bedrooms offer views towards the Harbour.
The main bedroom has built in wardrobe with over bed storage and has an ensuite shower room. The 2nd bedroom is of good size and easily accommodates free standing wardrobes and chest of drawers.
Both rooms are finished with carpet and neutral decor. The lounge/dining room is a large space with floor to ceiling double glazed patio doors which fill the room with natural light.
This room provides a great space to relax or to entertain as the dining area is open plan to the kitchen.
There is a large double cupboard which provides additional storage with integral hot water tank and electric boiler. The neutral decor continues from the hall.
From the lounge, you access the good sized balcony which comfortably accommodates a table and chairs and benefits from afternoon and evening sun due to it's westerly aspect with views across to Portchester Castle and the Harbour.
Open from the dining room, the kitchen has fitted wall and floor cupboards and co-ordinating worktop with tiled splashback.
There are built in appliances to include a NEFF gas hob with extractor fitted over, NEFF microwave oven, slimline dishwasher, fridge/freezer and washing machine.
The apartment is double glazed throughout with electric heating and there are two allocated parking spaces - one in the undercroft and one outside.
There is a company called Green Colo which provides cabling into Lock Approach providing Broadband speeds of approx 25 mbs and the current owner has upgraded to Sky Glass, so receives speeds of 50mbs.
This apartment is finished to a standard that the new owner could move straight in and should be viewed to appreciate all it has to offer.
MATERIAL INFORMATION - Price (£) - 350,000 - Tenure - Leasehold - Length of lease (years remaining) - 113 Years - Annual service charge amount (£) 3200 - Service Charge Review - November Annually - Council tax band (England, Wales and Scotland) - Band F - 100% of the ownership of the apartment being sold - Mains Water Supply - Mains Electricity - Heating - Electric Heating - Broadband - Fibre available - current owner has advised he gets speeds of 25 mbs with Green Colo, increasing to 50mbps with Sky Glass.
- Parking- Two allocated parking spaces - Construction- Brick and Steel frame construction - Mobile Signal/Coverage- ADSL Fibre Checker (openreach.com) - Building Safety-No issues - Restrictions- Subject To Lease and Covenants - Flooding - Refer to (GOV.UK (check-long-term-flood-risk.service.gov.uk) VIEWING BY APPOINTMENT ONLY THROUGH MARINA LIFE HOMES All measurements quoted are approximate and are for general guidance only.
The fixtures and fittings, services and appliances have not been tested and therefore no guarantee can be given that they are in working order.
These particulars are believed to be correct, but their accuracy is not guaranteed and therefore they do not constitute an offer or contract.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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