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See how verdicts work2-bedroom flat · SO18 1ER
Sold STCListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**UNEXPECTEDLY REAVAILABLE** - A TOP FLOOR Retirement living apartment within our ever popular WATERSIDE development The Boathouse.
Benefitting from TWO BEDROOMS and a WALKOUT BALCONY over looking the town it's just a stones throw from local amenities. This apartment needs to be viewed to be truly appreciated!
Summary - The Boathouse is a Retirement Living development constructed by award-winning retirement home specialist McCarthy and Stone specifically designed for the overs 55’s.
The dedicated House Manager is on site during working hours to take care of things and make you feel at home.
There's no need to worry about the burden of maintenance costs as the service charge covers the cost of all external maintenance, gardening and landscaping, external window cleaning, buildings insurance, water rates and security systems.
All energy costs for the homeowners lounge and other communal areas are also covered in the service charge.
For your peace of mind the development has camera door entry and 24-hour emergency call systems, should you require assistance.
The Homeowners' lounge provides a great space to socialise with friends and family.
If your guests have travelled from afar, they can extend their stay by booking into the development Guest Suite (subject to availability, fees apply).
The Boathouse is a stunning waterfront development with landscaped gardens and terraces overlooking the River Itchen, opposite Riverside Park, and close to Bitterne Park Triangle shops offering a variety of cafes and restaurants, a Spar shop, a Bakers and Tesco Express perfect for local shopping.
Less than a five minute drive or bus ride is Portswood high street offering a wide variety of amenities including clothes shops, boutique cafes and local produce.
A short bus ride away is Southampton City centre.
***Viewing of this superb property is highly recommended*** Entrance Hall - Front door with spy hole leads to the large entrance hall - the 24-hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage/airing/utilty cupboard with BOSCH washer drier, boiler and Vent Axia system, shelving.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall. There is also a further store cupboard with useful shelving.
Doors lead to the bedroom, living room and shower room. Living Room With Balcony - Spacious lounge benefitting from large windows that have a beautiful outlook over the town.
TV and double telephone points and BT Fibre connection. Two ceiling lights. Fitted carpets, raised electric power sockets. Kitchen - Modern fully fitted kitchen with tiled floor.
Stainless steel sink with lever tap. Built-in oven, ceramic hob and extractor hood. Fitted integrated fridge/freezer and fitted dish washer.
Master Bedroom - Double bedroom of good proportions with a walk-in wardrobe housing rails and shelving. Ceiling lights, fitted carpets, TV and phone point, double glazed window.
Second Bedroom - This bright and spacious room could even be used as a study or a hobby room. Benefitting with large double glazed windows and fitted carpets.
Shower Room - Partly tiled and fitted with suite comprising of level access shower. Low level WC, vanity unit with wash basin and illuminated heated mirror above.
Shaving point, electric heated ladder style towel rail and extractor fan.
Service Charge (Breakdown) - Service Charge £4,272.92 per annum, year ending 30/06/2026, to include: • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance Service charge £4,272.92 until 30/06/2026 , the service charge does not cover external costs such as your Council Tax, electricity or TV, but does include the cost of your House Manager, your water rates, the 24-hour emergency call system, the heating and maintenance of all communal areas, exterior property maintenance and gardening.
To find out more about service charges please contact your Property Consultant or House Manager.
Leasehold - 999 Year Lease from January 2018 Ground Rent: £495 per annum Ground Rent review date: January 2033 Car Parking - Car Parking (Permit Scheme) is by allocated space subject to availability The fee is usually £250 per annum, but may vary by development.
Permits are available on a first come, first served basis. Please check with the House Manager on site for availability.
Additional Information & Services - • Ultrafast Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage *Blinds to be included in sale of property*
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Boathouse Riverdene Place, Bitterne Park, Southampton
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