2-bedroom flat · PO15 6ED
Sold STCListed 190 days
Opportunity summary
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About
DESCRIPTION NO FORWARD CHAIN. A purpose built first floor maisonette WITH NO MONTHLY MAINTENANCE/SERVICE CHARGE, which benefits from its own front door and an enclosed rear garden.
The property's accommodation briefly comprises of; double glazed door to entrance hall, living room, kitchen, two bedrooms with built-in storage and a bathroom.
The property benefits from double glazing and is warmed by gas central heating. There is allocated parking and own rear garden. As sole agents we would highly recommend an early inspection.
DOUBLE GLAZED DOOR TO: ENTRANCE HALL Stairs to: FIRST FLOOR LANDING Double glazed window to side elevation. Access to part boarded loft space.
Doors to: LIVING ROOM Double glazed window to front elevation. Radiator. Coved and textured ceiling. KITCHEN Double glazed window to rear elevation.
Kitchen comprising; stainless steel single drainer sink unit with cupboard under. Further range of wall and base level units with roll edge work surfaces over and splashback tiling.
Built-in four ring gas hob with cooker hood over and electric oven beneath. Plumbing for washing machine. Recess for fridge/freezer. Breakfast bar. Wall mounted gas boiler.
BEDROOM ONE Double glazed window to rear elevation. Radiator. Range of built-in wardrobes with sliding doors. BEDROOM TWO Double glazed window to front elevation. Radiator. Storage cupboard.
BATHROOM Double glazed window to side elevation. Panel enclosed bath with shower unit over and shower screen. Pedestal wash hand basin. Low level close coupled WC. Tiled walls. Radiator.
Large storage cupboard. OUTSIDE The property benefits from its own allocated parking space, which can be found in the parking area to the right side of the property.
A further feature of this first floor apartment is its own low-maintenance rear garden, which is fence enclosed offering a good degree of privacy.
The garden has artificial lawn with a timber decked area to one end. Outside understairs storage cupboard. LEASE INFORMATION Remainder of a 999 year lease from 01/01/1984. Ground rent: Peppercorn.
COUNCIL TAX Fareham Borough Council. Tax Band B. Payable 2026/2027. £2,018.27.
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.
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