We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · SP11 6ZE
Listing removedReduced £5k (−2.4%) on 20 JulListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Description This top floor apartment was built in 2019 by David Wilson and is offered for sale with the remainder of a 10 year NHBC.
The accommodation comprises hallway with storage cupboard, open plan sitting/dining/kitchen with integral appliances, master bedroom with ensuite shower room, second bedroom and a bathroom.
Outside there are two allocated parking spaces, a bin store and cycle store.
Location Marchment Close can be found in the heart of the Locksbridge Park development within Picket Piece to the east of Andover and benefits from a convenience store.
The Picket Piece Commercial Centre offers a post office and a convenience store can be found in the heart of the Picket Piece development on Locksbridge Road.
Various community events take place at the Village Hall and The Wyke Down Country Pub and Restaurant is a short distance away as is the popular Finkley Down Farm Park.
Locksbridge Road is also on a bus route providing access to and from Andover's town centre. Accommodation Entry buzzer system into ground floor lobby with stairs to second floor.
Front door into: Hallway Loft access, storage cupboard with power and doors to: Kitchen area Window to side.
Contemporary range of eye and base level cupboards and drawers with work surfaces over and inset stainless steel sink with drainer. Inset gas hob with extractor over and oven below.
Integral washer/drier, dishwasher and fridge/freezer. Cupboard with wall mounted boiler and open access to: Sitting/dining area Window to side and French doors to rear with Juliette balcony.
Master bedroom Window to rear and door to: Ensuite shower room Window to rear. Shower cubicle, wash hand basin, WC and heated towel rail. Bedroom 2 Window to side.
Bathroom Panelled bath, wash hand basin, WC and heated towel rail. Outside The property benefits from two parking spaces, a bin store and cycle store. Tenure Leasehold with 992 years remaining.
Service charge and ground rent are currently £1,200 p/a. Please note there may be an additional estate charge. Services Mains water, drainage, gas and electricity are connected.
Gas central heating to radiators. EPC Rating: B
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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FAQ
About 17 Marchment Close, Andover
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