2-bedroom flat · SO18 2QN
Sold STCReduced £20k (−22.2%) on 5 SepListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Austin & Wyatt are delighted to bring to the market this well-presented two-bedroom retirement apartment, exclusively for the over 60s, situated within the popular Grange Court development in Mansbridge.
Offered with no forward chain, this property presents an excellent opportunity for those seeking independent living within a friendly and secure community.
Located on the top floor and accessible via both lift and stair access, the apartment has been well maintained by the current owner.
Additional benefits include an intercom entry system and emergency pull cords, providing direct access to the on-site House Manager for added peace of mind.
Grange Court is a sought-after retirement development offering a range of communal facilities, including a residents’ lounge, beautifully maintained communal gardens, guest accommodation, a laundry room and lift access to all floors.
The property is being sold on a 70% shared ownership basis, with Abri retaining the remaining 30% share.
Location Ideally situated in Mansbridge, the development benefits from a local convenience store directly opposite. Nearby amenities include a doctor’s surgery, pharmacy and local train station.
Excellent transport links provide easy access to the M27, Southampton Airport and Southampton Airport Parkway railway station.
Accommodation Entrance Hall Welcoming entrance hall with access to all principal rooms. Lounge A spacious living room offering ample space.
Kitchen/Breakfast Room A well-appointed kitchen providing an excellent range of cupboard space, with room for a breakfast table. Bedroom One A generously sized double bedroom.
Bedroom Two A good-sized single bedroom, ideal for guests, hobbies or a study area. Shower Room Shower room featuring floor-to-ceiling tiling for easy maintenance, complete with a large shower.
Viewing is highly recommended to fully appreciate the accommodation and facilities on offer.
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About Flat 36, Grange Court, 9, Wide Lane, Hampshire
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