2-bedroom property · SO51 7AH
For saleListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available as shared ownership of 75% of the full value. A modern retirement apartment, available for the over 55s, located in Nightingale Lodge, Romsey.
This spacious apartment features two bedrooms, large wet room and open plan kitchen/dining/sitting room opening to private patio.
Onsite facilities include a restaurant, guest suite, communal indoor and outdoor areas, activities residents are welcome to participate in and on site care.
Accommodation - Upon entry, the wide entrance hall provides access to all rooms within the apartment and useful storage cupboard.
The open plan kitchen/sitting/dining area has door opening out to the private patio area and access for the communal gardens.
The kitchen has a selection of wall and base storage units and built in appliances including fridge/freezer, washing machine, hob with extractor above and oven.
The principal bedroom is a generous double with door accessing the Jack and Jill wet room. Bedroom two is an ample single or perfect study space.
The Jack and Jill wet room features shower, WC and wash basin. Onsite Facilities - Onsite facilities include restaurant, guest suite, communal indoor and outdoor areas and on site care.
Activities on site are available if residents wish to participate.
Shared Ownership - The apartment is available to purchase at 75% of the full value Location - Situated just a mile from the historic market town of Romsey, Hampshire, and a short drive from the New Forest.
Nightingale Lodge is an exclusive new community that’s full of character and charm in equal measures.
This lively extra care community is a short walk away from Romsey Hospital, Abbeywell Surgery and Pharmacy, bus links and Romsey Railway station.
Anti Money Laundering - We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Eligibility - Contact Henshaw Fox to discuss eligibility Length Of Lease - 250 years from 2021 Service Charge - £5,740.68 per annum Peace Of Mind Charge - £131.15 per month Council Tax - Test Valley Borough Council - Band 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 Great Well Drive, Romsey, Hampshire
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