1-bedroom house · SO31 6AX
Listing removedListed 372 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In the hallway there are double storage cupboards, one housing the hot water tank, the other perfect for coats or the Hoover & ironing board.
Doors lead off the other rooms and into the living room. Even on the gloomiest day, the large window will allow natural light in, and you'll have a room with a view.
There is plenty of room for a dining set and an arch opens into the kitchen.
There is a good range of modern units giving plenty of cupboard storage, a range of integrated appliances including a full-height fridge/freezer, slimline dishwasher inset hob with oven below and extractor over.
The bedroom has built-in wardrobes to one wall and there is plenty of room for a double bed and other furniture.
The shower room has a walk-in shower with a Mira electric shower, a pedestal wash hand basin and W.C. The heating in the property is provided via night storage and panel heaters.
The two windows have been replaced with double-glazed UPVC. The development itself is for the over 60s only.
There is a good sense of community with a residents' lounge with some organised events if you wish to be sociable.
There is also a laundry room plus a guest room available to hire for visiting family or friends.
With Locks Heath Centre shops, library, doctors and the bus terminal just moments away, there are few locations that could offer such convenience, especially for those without a car.
The communal gardens are well maintained for residents to enjoy and there is parking available on a first come, first served basis.
There is no forward sales chain to delay a sale, so if you are keen to secure your next home, please call Robinson Reade where one of our friendly and professional team will be happy to arrange an appointment to view.
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 30 Old Common Gardens, Locks Heath, Southampton
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