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See how verdicts work1-bedroom flat · SO18 1UD
Listing removedReduced £5k (−6.3%) on 21 JunListed 416 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Introduction Situated in the popular location of Bitterne Park, this one bedroom third floor retirement apartment is offered in a good condition.
Accommodation briefly comprises an entrance hall, a lounge/diner, a kitchen, a double bedroom and a bathroom.
The property is over 60’s and has the added benefit of being set right by the River Itchen and Riverside Park.
The residents benefit from a resident lounge, a laundry room, flat and personal alarm careline system and committee events for all residents.
Location Bitterne Park benefits from its own primary and secondary schools, along with a local library and Bitterne Park Triangle - a focal point in the area which also has several local shops and amenities nearby.
The property is also next to Riverside Park which runs along the edge of the River Itchen - good for walking, cycling and kayaking in the river itself.
Southampton's city centre with its broad range of shops, bars, restaurants, cinemas, amenities and mainline railway station is within easy reach, along with Southampton Airport being around twenty minutes away.
All main motorway access routes are also close by, including M27, M3 and A3 to London.
Inside Entering directly into the entrance hall, is laid to carpeted flooring, has a large storage cupboard and access to all further living accommodation.
The lounge/diner has a double glazed window to the front aspect, laid to carpeted flooring and a storage heater to one wall.
The kitchen (open plan from lounge/diner) is laid to lino flooring and has tiled splashback. There is a range of wall and base units with work surfaces over, a sink drainer and a fridge/freezer.
The bedroom has a double glazed window to the front aspect, laid to carpeted flooring, a storage heater and a built-in double wardrobe.
The shower room is laid to lino flooring and tiled walls, a small heater to one wall, a large shower cubicle, a wash hand basin with storage under and a WC.
Outside The property has off road parking and you can ask for a spare space upon request. The communal gardens boast an array of flowers, trees and shrubs.
Agents note The property is leasehold, (with the lease dating from 1985) and we are advised (by the vendor) that there is approx. 59 years remaining on the lease.
(£233.16 Ground Rent paid every 6 months – paid on 1st March & 1st September/ £1382.88 Service Charge paid every 6 months – paid on 1st March & 1st September).
Disclaimer – information has been given by the owner – please seek verification via your solicitor prior to purchase. Services Electricity, water and mains drainage are connected.
Please note that none of the services or appliances have been tested by White & Guard. Fibre Broadband is available with download speeds of up to 76 Mbps and upload speeds of up to 15 Mbps.
Information has been provided by the Openreach website. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Flat 61 Homespinney House, River View Road, Bitterne Park, Southampton
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