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See how verdicts work2-bedroom flat · GU34 1GZ
No longer listedReduced £40k (−10.1%) on 17 AugListed 229 days
Opportunity summary
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About
A superbly presented two double bedroom, two shower room retirement apartment, situated on the ground floor, boasting direct access from the Living Room to a fantastic patio area and the communal grounds beyond.
Queen Elizabeth Place benefits from excellent facilities, including a dedicated house manager on-site during office hours and a communal lounge where social events take place.
Development Overview Queen Elizabeth Place comprises of 43 one and two bedroom spacious apartments, specially designed for the over 60’s to make everyday life a little easier.
This McCarthy Stone retirement development in Alton offers the perfect blend for retirees.
You get your own beautiful and spacious apartment, but you also have access to an on-site communal lounge, where social events take place, and the lovely landscaped gardens.
We take care of all the gardening and maintenance outside of your property, so you can spend more of your retirement doing the things you love.
The apartment is close to many local amenities including a Marks and Spencers foodhall, A weekly local market and lovely coffee shops and restaurants.
The development has a dedicated House Manager who keeps everything running smoothly during office hours, and you’ll feel safe and secure at Queen Elizabeth Place as the development also features a 24-hour emergency call system, for peace-of-mind.
It is a condition of purchase that all residents must meet the age requirements of 60 years.
Entrance Hallway Front entrance door with spy-hole, security intercom system and verbal link to the main development entrance door.
Emergency button, boiler cupboard with washer/ dryer, light and shelving. The hallway additionally provides access to the living/ dining room, both bedrooms and the shower room.
Lounge Dining Room (With Patio) A bright and spacious room boasting French doors opening to a wonderful patio area providing both outside space and views over the communal grounds of the development.
Power points, telephone and TV point. Kitchen There is an excellent range of light fronted fitted wall and base units with laminate worktops incorporating a black composite inset sink unit.
Integrated appliances include a four-ringed ceramic hob with a stainless-steel chimney extractor hood over, concealed fridge and freezer, and single oven.
Extensively tiled splash-backs, vinyl floor, ceiling spot light fitting, under cupboard lighting.
Bedroom One A well-proportioned and bright double bedroom with large picture window overlooking the communal grounds. Benefitting from a walk-in wardrobe with hanging rails, lighting and shelving.
Door leads to the en-suite.
En-Suite Shower Room Modern white suite comprising a close-coupled WC, vanity wash-hand basin with cupboard unit below and worktop over, walk-in level access shower with gab rail and a thermostatically controlled shower on an adjustable slide.
Extensively tiled walls and wet room styled tiled flooring, electric heated towel rail, emergency pull cord and ceiling spot light.
Bedroom Two A second double bedroom which could alternatively be used as a second reception room, office or hobby room. Window, ceiling lights, TV and phone point.
Shower Room Modern suite comprising a WC, vanity wash-hand basin with cupboard unit below and mirror above, and a shower cubicle with grab rail and thermostatically controlled shower on an adjustable slide.
Extensively tiled walls and tiled floor. Towel rail, emergency pull cord and ceiling spot light.
Car Parking Included within the price is a parking space which is located in a premium position being right next to the walk way of the apartments.
Lease Information Lease Length: 999 years from 1st January 2022 Ground rent: £495 per annum Ground rent review: 1st January 2037 Service Charge (Breakdown) • 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 Annual Service charge: £5,417.47 or financial year end to 28/02/2027.
The service charge does not cover external costs such as your Council Tax, electricity or TV. To find out more about service charges please contact your Property Consultant or House Manager.
Additional Information & Services • Ultrafast Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage ** Entitlements Service** Check out benefits you may be entitled to.
** Part Exchange ** We offer Part-Exchange service to help you move without the hassle of having to sell your own home.
** Removal Service** Get a quote from our Partner Removal Service who can declutter and move you in to your new home.
** Solicitors** Get a quote from our panel solicitors who have dealt with a number of sales and purchases and therefore familiar with the McCarthy Stone set up.
For more information check our webpage additional services or speak to our property consultant
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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About 1 Queen Elizabeth Place, Orchard Lane, Alton
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