1-bedroom house · SO50 6HE
Sold STCReduced £55k (−22%) on 26 SepListed 259 days
Opportunity summary
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About
If you are looking to be in the thick of things 31 Garnier Drive could be the perfect apartment for you.
Located just along the hall from the main restaurant you will be just moments away from all the fun activities hosted here, such as Talks on Tuesdays, Whist on Wednesdays and even a monthly Quiz night.
In addition, there are amazing facilities in the Wellness centre including pool, spa, sauna & steam as well as organised fitness classes like chair aerobics.
In the hallway is a storage cupboard housing the meters, utilities are supplied via Anchor and billed monthly, underfloor heating ensures that you will be cosy, with all the rooms individually thermostat controlled.
The living room stretches to over 6m (20’) with a remote-controlled electric fire and double doors opening on to the balcony which overlooks the rear gardens.
A glazed door allows the kitchen to be closed off to save any cooking smells spreading through the flat.
The kitchen has plenty of cupboards for storage and integrated appliances including a fridge/freezer, washer/dryer, combination oven and two ring induction hob with fume hood over.
The bedroom is a generous size with two, three-door wardrobes and central drawers, and space to hang the TV on the wall.
Off the bedroom is the shower room with step free access shower and fitted storage cupboards, there is also a heated clothes airer fitted.
With the retirement living package the minimum requirement is one hours cleaning a week, at a cost of £23.10 .
Should you wish to upgrade an Assisted living package includes all utilities, a daily 2 course meal of lunch in the restaurant, ?1 hour of housekeeping per week and 1 bag of laundry per week, at a cost of £1029.94 per month for 1 person.
Other information: There is an age restriction at this development, at least one of the residents must be over 65 years of age. Lease: 125 years from 1st Jan 2015 (approx.
114 years remaining) We are advised that the annual ground rent is £500.00 (doubling on each successive 25 years of the term.).
The service charge is £690.44 per month for the financial year 01/04/25– 31/03/26. Anchor selects utilities centrally for the benefit of all residents.
Residents receive a monthly statement showing their metered consumption for water, heating and electricity and are payable by monthly direct debit.
There is a deferred sinking fund contribution upon sale of 4% of the sale price. Subject to change and in addition to service charges.
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.
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FAQ
About 31 Garnier Drive, Bishopstoke Park Retirement Village, Eastleigh
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