1-bedroom flat · BH14 8UG
Listing removedReduced £10k (−15.4%) on 24 JunListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Retirement flat for the over 60's situated in the heart of ashley cross / no forward chain >>> Greys Estate Agents are delighted to offer for sale this first floor retirement flat situated in the sought after Homelake House development, situated opposite Ashley Cross Green.
In need of general updating the property currently comprises: One double bedroom, lounge, kitchen and bathroom.
Other benefits include UPVC double glazing, electric heating, secure phone entry system / careline type system, on site managers, communal lounge with kitchen and laundry room, guest suites, communal gardens and residents parking.
For further information, or to arrange a viewing, please contact Greys of Parkstone.
Entrance Hall Lounge (5.2m x 3.1m (17'0" x 10'2")) Kitchen (2.2m x 1.6m (7'2" x 5'2")) Bedroom (4.2m x 2.6m (13'9" x 8'6")) Bathroom (2.1m x 1.6m (6'10" x 5'2")) Lease - 99 Years From 1 September 1985 Council Tax Band B
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 38 Homelake House, 40, Station Road, Poole
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