2-bedroom house · PR8 1JP
For saleListed 208 days
Opportunity summary
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About
'Forum Court' is a very sheltered housing development designed to enable retired buyers to maintain their independence and their own homes for as long as possible.
Situated on Lord Street and benefiting from Lord Street views this accommodation briefly includes communal entrance with stairs and lift to all floors, private entrance hall, lounge/ dining room, fitted kitchen, two bedrooms, a shower room and cloakroom.
Forum Court stands in communal gardens, there is car parking at the rear at a first come first serve basis. Communal Entrance Entry phone system, communal facilities, house managers office.
Lift and stairs to all floors. Second Floor Private Entrance Hall 'Chubb' entry phone system with emergency pull cord. Useful store cupboard, walk in storage cupboard.
Cloakroom - 2.26m x 1.24m (7'5" x 4'1") Wash hand basin, low level WC, part tiled walls, extractor and emergency pull cord.
Lounge - 5.23m x 4.37m (17'2" into bay x 14'4" overall) Double glazed bay window overlooking Lord Street. Electric pebble effect fire attractive surround. Emergency pull cord. Glazed door to...
Kitchen - 3.28m x 2.51m (10'9" x 8'3") Double glazed window overlooking Lord Street and the front garden, single drainer white enamel one and half bowl sink unit below.
A range of base units including cupboards and drawers, wall cupboards, working surfaces.
Four ring ceramic hob with cooker hood above, split level one and half electric oven integral fridge, freezer, plumbing for washing machine, wall mounted 'Baxi' gas central heating boiler.
Emergency pull cord. Bedroom 1 - 3.05m x 2.9m (10'0" x 9'6" extending to 17'6" overall) Double glazed window, built in wardrobes with mirrored sliding doors, emergency pull cord.
Bedroom 2 - 3.89m x 2.54m (12'9" x 8'4") Built in wardrobes with mirrored sliding doors, double glazed window, emergency pull cord.
Shower Room - 2.34m x 2.39m (7'8" x 7'10") Corner entry step in shower enclosure with thermostatic shower, vanity wash hand basin with cupboards below, low level WC, bidet.
Tiled walls, chrome towel rail/radiator, spotlighting and extractor. Emergency pull cord. Outside Communal gardens. Car parking. Council Tax Sefton MBC band D.
Tenure Leasehold for 125 years from 1 January 1995 (to be verified) Service Charge We understand that 'Forum Court Limited' supervises the day-to-day running of the development and the current service charge is payable in the region of £758.90 per month, which is reviewed annually.
Very Sheltered Housing The concept of very sheltered housing is to enable retired people to maintain their independence and remain in their own homes as long as possible.
All communal facilities and all the rooms in the apartment are accessible to everyone including those using wheelchairs.
The services offered at Forum Court are much greater than usually offered in sheltered housing; there is a team of duty managers, one of whom is always present on site, a team of house keeping assistances provide domestic assistance and 1 1/2 hours of cleaning is included within the service charge each week.
Additional assistance is available. Facilities at the development include; lounge, conservatory and dining room.
A double guest suite with en suite shower room and bathroom is available at a cost of £55 per night for one person for £65 per night for two people and this includes a light breakfast.
We understand the age restriction to be 60 years.
Transfer Fee We confirm that there will be a transfer fee payable to RSL (Retirement Security Ltd) each time an owner sells on, or transfers ownership of their dwelling.
This is a transferred premium, the calculation of the transfer premium is based on when the transfer takes place as follows: Up to one year from the first purchase or most recent transfer= 1% of the gross proceeds of sale.
Between years 1 and 2 from the first purchase or most recent transfer= 2% of the gross proceeds of sale.
For 2 years or more from the first purchase or most recent transfer= 3% of the gross proceeds of sale.
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
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FAQ
About Forum Court, Lord Street, Southport, PR8
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