1-bedroom flat · PR9 9JU
Listing removedListed 124 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom over 60s retirement apartment, situated on the first floor with a southerly aspect overlooking the development communal gardens.
My Future Living properties are available on long term assured tenancies as well as short term tenancies.
The property benefits from a bedroom with a built in wardrobe, large lounge with archway leading to the modern kitchen which has fitted units and space for a freestanding cooker and fridge/freezer and the bathroom includes a white suite with an electric walk-in shower.
Situated near the fabulous shopping at Lord Street, Homesands House is a purpose built retirement development offering the safety of 24 hour careline system and onsite manager with the freedom of independent living.
The communal lounge offers an ideal place to socialise with other residents, or enjoy the well maintained gardens, plus there is a lift, laundry facilities and guest suite for visiting family and friends.
Social activities include coffee mornings, afternoon tea and fish & chip suppers. There is also a hairdresser and chiropodist who visit weekly.
Hesketh Park, the largest park in Southport, is adjacent to the development, where there are nature trails, duck ponds, lakes, a Grade 2 listed observatory and conservatory, gate lodges, glass houses and an aviary.
*Please note: These images have been virtually furnished is for illustrative purposes only and may not be representative.
Furniture and electrical appliances/personal effects will be removed prior to a tenancy commencing, and will not form part of the tenancy.
*Service charge and ground rent to be paid by the landlord (in this development, water bills will be shared between the landlord and tenant).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 37, Homesands House, Park Road, Southport
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