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See how verdicts work2-bedroom flat · BH24 2EE
Listing removedReduced £10k (−2.7%) on 16 SepListed 542 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom first floor apartment in a beautiful, retirement residence in Ashley Heath is to be sold with no onward purchase. Balcony with woodland views.
On site woodland walks, communal lounge and conservatory. 24 hour emergency call alarm, Bistro on site and much more. Under floor heating throughout. No onward chain.
Opening electric doors lead to a large communal entrance with a secure entry phone system providing access to the building.
Apt.13 is to the first floor at the rear of the development, accessed by a lift and stairs.
A large reception hall with plenty of storage including built-in cupboards and a desk leads to the dual aspect light and airy sitting / dining room to the rear and side.
Gas fireplace and door to the balcony with spindle railings.
The sitting room leads into the kitchen with a range of matching wall and base units and integrated appliances including dishwasher, electric hob, oven and fridge/freezer.
Bedroom one is a large double, dual aspect with built-in bedroom furniture. En-suite wet room fully tiled. Shower, w.c. And wash hand basin. Bedroom two is also a double with views of the woodland.
Plenty of built-in wardrobes and bedroom furniture. Main shower room with a shower, w.c. And wash hand basin.
This purpose-built development was constructed circa 2017 and is run and maintained by Care South who also operate a care home adjacent to the building.
The development promotes independent living with the knowledge that a house manager is onsite (8am-4pm 5 days a week) and an emergency care line system is in place if needed.
With a couple of hours home help included in the service charge, help is on hand if needed. Communal areas: Residents lounge, Conservatory, Bistro, Hair salon and Buggy charging / storing area.
Leasehold 122 years from 1st January 2017 St Ives Place is a stunning, exclusive development of 14 one, two and three bedroom, stylish, secure and well-appointed apartments which offers a wonderfully social atmosphere in a reassuringly secure community and is perfectly located near to the busy market town of Ringwood in the picturesque New Forest and it’s regular minibus service into town enables residents to benefit from easy access to local shops and services.
Ringwood has a weekly street market in addition to a comprehensive range of shops that includes a choice of supermarkets, and various restaurants as well as individual independent shops & a local post office.
The apartment sits to the back of the exclusive development with a private covered balcony area leading from the lounge with woodland views across the rear and further benefits from woodland walks and the communal landscaped gardens with a pergola, water fountains and statues.
Lighting throughout. Plenty of parking spaces for residents and visitors. E Service charge: £507 / month Ground rent: £250 / year Services: All mains and services are connected.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Apartment 13, St. Ives Place,, Horton Road, Ringwood
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