1-bedroom house · SO50 6JB
For saleListed 412 days
Opportunity summary
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About
From the L-shaped entrance hall, you’ll find two double storage cupboards, perfect for coats, shoes, and day-to-day essentials.
The bedroom is a comfortable double with built-in wardrobes, and the adjoining Jack & Jill shower room includes a step-free shower enclosure and fitted vanity unit.
A high-level window fills the room with natural light and can be opened for ventilation.
The living room is a welcoming space, dual aspect with double doors leading out to the west-facing balcony, making the most of the evening sun.
Glazed double doors connect through to the kitchen, which is well-fitted with integrated appliances and has a window to keep the space airy and bright.
Spence Close sits on the edge of the Bishopstoke Park retirement village, enjoying a quieter position while still being part of this vibrant community for the over 65s.
Residents have access to first-class facilities including a swimming pool, spa, gym, restaurant, bar, library, and landscaped grounds.
For those who want to join in, there’s a wide programme of activities and events — and for those who like to travel, the apartment offers a secure, easy-to-manage base that can be locked up and left with confidence.
Offered with no forward chain, this is a wonderful opportunity for someone seeking independence with the option of community on the doorstep.
Key Facts: This is a chain-free resale, letters of administration have been granted. There is an age restriction at this development, at least one of the residents must be over 65 years of age.
Lease: 125 years from 1st Jan 2017 (approx. 117 years remaining) We are advised that the annual ground rent is £500.00 (doubling on each successive 25 years of the term.).
The service charge is £690.44 per month for the financial year 01/04/25– 31/03/26. Anchor selects utilities centrally for the benefit of all residents.
Residents receive a monthly statement showing their metered consumption for water, heating and electricity and are payable by monthly direct debit.
There is a deferred sinking fund contribution upon sale of 4% of the sale price.
Bishopstoke Park is situated just 3 miles from Southampton Airport, and while this provides convenient access to travel, residents may occasionally notice some background aircraft noise.
Parking permits are available.
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.
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FAQ
About 22 Spence Close, Bishopstoke Park, Eastleigh
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