2-bedroom flat · SP11 6WJ
Sold STCListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two-bedroom apartment on Locksbridge Road in Picket Piece, offers a comfortable living space with one reception room and a well-appointed bathroom.
With the added benefit of parking and being sold with no chain, this property is perfect for those seeking convenience and ease.
Available as a 40% share, it presents an excellent opportunity for those looking to get on the property ladder.
Nestled in the charming area of Picket Piece, Andover, this delightful top-floor apartment on Locksbridge Road offers a wonderful opportunity for those seeking a modern living space with a touch of elegance.
The property features two well-proportioned bedrooms, making it ideal for couples, small families, or individuals looking for extra space.
The apartment boasts a bright and airy reception room, perfect for relaxation or entertaining guests.
The well-designed layout ensures that every corner of the home is utilised effectively, providing a comfortable and inviting atmosphere.
A key highlight of this property is the private balcony, where you can enjoy your morning coffee or unwind in the evening while taking in the surrounding views.
This property is available through shared ownership at an attractive 40%, with a monthly rent of £226.88 for the remaining 60%.
This arrangement presents an excellent opportunity for first-time buyers or those looking to step onto the property ladder without the full financial burden of outright ownership.
In summary, this apartment on Locksbridge Road is a fantastic choice for anyone seeking a modern, comfortable home in a desirable location.
With its appealing features and shared ownership option, it is sure to attract interest from a variety of potential buyers. Don’t miss the chance to make this lovely apartment your new home.
Locksbridge Park Close enough to the town to be convenient, yet just far enough into the countryside to be away from the hustle and bustle, Locksbridge Park is a well-planned and designed new development built by Messer’s David Wilson and Barratt homes.
Just over a mile to the East of Andover is where you will find this development including a good mixture of property, ideally located close to the bustling town of Andover.
Andover has enjoyed something of a renaissance in recent years four hundred years after its stagecoach origins, it is far from being just a commuter town.
Andover is now considered by many to be a destination in its own right.
The town now benefits from an eclectic mix of old-world charm and modern shopping convenience, as well as beautiful tea rooms and pubs, some dating back more than nine hundred years, supermarkets, craft galleries and interior design stores, which all border the breath-taking countryside of the Test Valley - 250 square miles of easily accessible natural beauty, which includes the world-renowned River Test.
Please note that as with most modern housing developments, this property may have a minimal yearly "estate charge". Please ask for further information.
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 70, Locksbridge Road, Andover
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