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See how verdicts work2-bedroom flat · GU34 1FZ
For saleListed 1209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and stylish two-bedroom apartment forming part of a specially designed and sought after purpose built McCarthy & Stone retirement development standing in a very convenient location for the town.
The property has a wonderful atmosphere with light and well-proportioned rooms complemented by a number of communal on-site facilities.
The generous accommodation is far larger than initially anticipated and includes a spacious sitting room with a balcony overlooking the communal grounds.
There is a well-designed kitchen with pan drawers together with base and eye level cabinets and a range of integrated Bosch appliances including an oven, electric hob with extractor over, refrigerator, freezer and dishwasher.
The further accommodation could be arranged to suit individual needs and includes two-double bedrooms and an especially designed shower / wet room.
The property has been designed for ease of living in mind with raised power sockets and two large storage cupboards (one adjoining the principal bedroom).
Austen Place provides a very welcoming and secure environment with a visual entry phone and 24 hour emergency call system (with call points in the apartment and also throughout the communal areas) and lifts to all floors.
There is a strong community feel with a Club lounge (with a variety of social events and opening out to the landscaped gardens) and restaurant as well as a private dining room (for family parties) in addition to a hair and beauty salon, laundry room and a secure garage area for mobility scooters and bicycles.
Of note, a private en-suite guest suite is available on the ground floor for overnight guests (fee applies).
The service charge oversees the maintenance of all the communal areas and includes 1-hour of domestic assistance per week.
Importantly, additional assistance can be arranged through the Estate Manager, if required. The occupancy of the apartment is for those of 70 years and over.
Outside The gardens and grounds are a very special feature of Austen Place and have been landscaped to take full advantage of the setting with a network of pathways and very well-positioned outdoor seating areas to the front and rear.
Situation Austen Place stands close to the heart of the town being within only about 0.2 of a mile of the High Street and about 0.4 of a mile from the mainline railway station.
The historic market town of Alton has a good range of High Street shops together with a nearby Sainsbury's as well as a Waitrose food shop and M&S Simply Food together with weekly and specialist markets.
Alton also has a modern sports centre (completed in 2020), two outlying golf courses and a mainline railway station to London Waterloo connecting to the enthusiasts steam railway - 'Watercress Line'.
Alton is the gateway to the South Downs National Park and there are many attractive nearby villages, notably Chawton, the former home to Jane Austen.
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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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.
Area
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FAQ
About 40 Austen Place, Lower Turk Street, ALTON
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