Flat 67, St. Matthews Court, King Street, Gosport, Hampshire, PO12 1AW

Description

A two bedroom second floor flat. The property forms part of a purpose built block and benefits from residents parking. Presented in clean decorative order. Investment let for £12,000 per annum.

Accommodation

Second Floor - Entrance Hallway, Reception Room, Kitchen, Two Bedrooms, Shower Room/WC.

Location

Gosport is a coastal town in Hampshire, England. Located on South Matthews Court, accessed off King Street. Recreational amenities such as parks nearby, including Walpole Park and the Premier Gosport Marina & Beyond. Transport links via Portsmouth Harbour and road links via the A32. Transport Gosport Ferry. Portsmouth Harbour - GWR, South Western Railway, Southern.

Tenure / Property Information

Investment Analysis

Five same-block sold comparables range from £123,000 to £154,000. The two most recent sales were £123,000 and £135,000 in 2026; using their simple average gives an indicative base GDV of £129,000. This is not a formal valuation and the evidence does not confirm identical floor, size, condition or lease terms.

Investment Snapshot

Strategy Recommendation

Potentially attractive as a tenanted BTL or BRRR purchase if the £12,000 rent is evidenced and leasehold charges are acceptable. Do not rely on the apparent margin until auction fees, lease, service charge, ground rent and tenancy documents are reviewed.

Works Required

No refurbishment works are evidenced; the flat is described as being in clean decorative order. Verify condition, lease documents and block liabilities before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £129,000 base GDV, 75% refinance is £96,750. This suggests substantial refinance headroom against the guide price, but total project cost cannot be calculated because buyer fees, works, service charges, ground rent and finance costs are not supplied. Valuation and lender acceptance are unconfirmed.

Buy-to-Let Analysis

At the £65,000 guide, the stated £12,000 annual rent implies a gross yield of approximately 18.46% before buyer fees, service charge, ground rent, insurance, maintenance, voids, management, finance and tax. No sufficiently specific external rental comparable or tenancy documentation is supplied, so the passing rent should be verified.

Flip Analysis

The indicative base GDV is £129,000 against the £65,000 guide. A reliable flip surplus cannot be calculated because refurbishment costs, buyer charges, selling costs and any VAT or seller charges are unknown. Leasehold resale and block liabilities also require verification.

Investor Risks & Due Diligence

• Buyer premium and possible VAT are unspecified.

• Service charge, ground rent, buildings insurance and other leasehold costs are not supplied.

• The stated £12,000 annual rent is not supported by tenancy documents or external rental comparables.

• The lease commenced on 01/07/1988 for 125 years, leaving approximately 87 years in November 2026; exact remaining term and lease provisions require verification.

• The guide is not a valuation and the comparable sales may not match the flat's size, floor, condition or lease terms.

• Seller's Special Conditions may contain additional charges or VAT provisions.

Recommendation

Potentially attractive as a tenanted BTL or BRRR purchase if the £12,000 rent is evidenced and leasehold charges are acceptable. Do not rely on the apparent margin until auction fees, lease, service charge, ground rent and tenancy documents are reviewed.

Strategy Rating

Analysis Confidence

Same-block completed sales, stated passing rent, tenure, lease commencement and EPC are supplied, but exact property comparability, buyer charges, leasehold costs, tenancy documents and refurbishment requirements are not.