Flat 2, Freshwater Court, 25 Marine Parade West, Lee-on-the-Solent, Hampshire

Description

Well presented ground floor flat with sea views. This one-bedroom leasehold flat is situated on the ground floor of Freshwater Court, a purpose built block of flats which occupies a prime location on Marine Parade West with views extending out across The Solent and the Isle of Wight. The flat is located close to the centre of Lee-On-The-Solent with many retailers and amenities on offer. The flat is well presented throughout with a modern fitted kitchen, a bathroom with shower cubicle and an enclosed balcony with views towards the beach.

Accommodation

Ground Floor: Entrance hallway, bedroom, bathroom with shower, open-plan living room and kitchen. Outside: One garage in block.

Location

Seafront location on Marine Parade West with views extending across The Solent and the Isle of Wight. Close to the centre of Lee-On-The-Solent with many retailers and amenities.

Tenure / Property Information

Investment Analysis

The supplied Land Registry evidence shows five completed leasehold flat/maisonette sales at Freshwater Court ranging from £260,000 to £375,000 between June 2023 and December 2025. However, the records do not identify the individual flats, bedroom counts, floor areas, condition, views, garages or whether the sales relate to this one-bedroom unit. They therefore do not support a reliable property-specific GDV or bid valuation. The £120,000–£140,000 guide cannot be reconciled to a supported market value from the evidence alone.

Investment Snapshot

Strategy Recommendation

Do not bid on an investment basis until the specific comparable sale details, lease and block charges, legal pack, total buyer costs and independent rental evidence have been verified. The property may warrant owner-occupier consideration because it is vacant and described as well presented, but no maximum bid is supported by the evidence.

Works Required

The property is described as well presented, with a modern fitted kitchen, bathroom with shower and EPC C. No specific defects or refurbishment requirements are supplied. Any works should therefore be limited to inspection, compliance checks, cleaning and minor maintenance only if identified during due diligence; no cost allowance is supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because the property-specific GDV, rent, refurbishment budget, acquisition fees and finance assumptions are unsupported. The long stated lease remainder is noted, but ground rent, service charge, lease restrictions and block liabilities are not supplied and require legal review.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is provided, so rent, gross yield and sustainable BTL returns cannot be established. Buyer premium, administration charges, other non-optional fees, SDLT, Land Registry fees and VAT are also unspecified and could materially increase the acquisition cost.

Flip Analysis

A flip surplus cannot be calculated. Although completed sales at the same block range from £260,000 to £375,000, the evidence does not establish that those sales are comparable to this one-bedroom ground-floor flat with garage and sea views. Selling costs, purchase costs and any works allowance are also not supplied.

Investor Risks & Due Diligence

• Same-block sales vary widely from £260,000 to £375,000 and are not identified by unit, size, specification or condition.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• Buyer premium, administration fees and other non-optional costs are unspecified.

• Ground rent, service charge, reserve fund position and block liabilities are not supplied.

• Lease terms beyond the stated commencement and approximate remaining term, including restrictions and charges, require legal verification.

• The property is leasehold and the legal pack has not been provided.

• No detailed inspection evidence is supplied despite the auction purchase context.

Recommendation

Do not bid on an investment basis until the specific comparable sale details, lease and block charges, legal pack, total buyer costs and independent rental evidence have been verified. The property may warrant owner-occupier consideration because it is vacant and described as well presented, but no maximum bid is supported by the evidence.

Strategy Rating

Analysis Confidence

The property description and five same-block completed sales are available, but the sales are not unit-specific and there is no rental evidence, floor area, service charge, ground rent, detailed legal information, buyer fee schedule or refurbishment budget.