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See how verdicts work2-bedroom flat · SO41 9PA
For saleReduced £110k (−64.7%) on 21 JunListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to purchase a two bedroom purpose built apartment which is offered in good condition throughout, providing light and airy accommodation within this McCarthy & Stone Retirement Living Plus development specifically designed the over 70’s for those that enjoy independent living with some extra care and support.
There is an estate manager that oversees the development together with 24 hour emergency call system, provided by a personal pendant and call point.
There is also a function room with library, mobility scooter store, guest suite, laundry facilities and one hour domestic support per week is included within the service charge.
There is also an onsite restaurant providing sensibly priced meals.
The development has top of the range communal facilities and also has attractive gardens and grounds with outside seating areas as well as parking facilities subject to availability (with an annual charge of £250).
Communal Hall to Lift and stairs to first floor Hall Storage cupboard and walk-in boiler cupboard.
Sitting/Dining Room 21’11 x 11’2 A range of display units, electric heater, Juliet balcony and door to Kitchen 11’3 x 7’7 A range of floor standing and wall mounted cupboards and drawers with sink unit, oven, electric hob with extractor over, integrated fridge freezer, floor to ceiling windows.
Bedroom One 15’5 x 10’2 Wardrobe cupboard and electric heater. Bedroom Two 19’6 x 8’10 A range of wardrobe cupboards and vanity unit, electric heater.
Bathroom 8’11 x 8’2 Comprising bath, wc, wash basin and wet room style shower, electric heater. Cloakroom Wc, wash basin.
Council Tax – D EPC Rating – B Lease – 125 years from June 2010,112 years remaining Service Charge - £15,945.46 per annum (for financial year ending March 2026) Cleaning of communal windows, water rates for communal areas and apartment, electric heating, lighting and power to communal areas, 24 hour emergency call system, up keep of gardens and grounds, repairs and maintenance to interior and exterior communal areas, contingency fund including internal and external redecoration of communal areas, buildings insurance and domestic help Ground Rent - £510.00 per annum
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
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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 18, Farringford Court, 1, Avenue Road, Hampshire
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