1-bedroom flat · SO41 9PA
For saleListed 925 days
Opportunity summary
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About
An excellently presented high quality first floor apartment forming part of this luxury assisted living development, specifically designed for over 70’s for those residents who enjoy independent living whilst also having the availability of extra care and support enjoying an excellent on site restaurant, residents lounge and laundry.
There is an estate manager who overseas the development together with a 24 hour emergency call system provided by an personal pendant all call points.
Also benefiting from a 24 hour duty manager, function room, library, mobility scooter store, guest suite and lifts to all floors.
One hour domestic support per week is included in the service charge with additional care and support available. It is a condition of purchase that all residents meet the age requirement of 70 years.
The accommodation comprises: (All measurements are approximate) Camera Door Entry System to Access corridors, having a hotel style feel, giving access to the Residents Lounge, Restaurant and other facilities with stairs and lift leading to First Floor Private Entrance Hall Peephole, 24 hour emergency response pull cord, walk-in storage and airing cupboard Sitting Room 20’4 x 10’8 Patio door with Juliet balcony overlooking the rear of the development, convector heater, part glazed door leading to Kitchen 9’9 x 7’8 Well fitted modern kitchen with floor standing and wall mounted cupboards and drawers with coordinated work surfaces, incorporating a stainless steel sink unit with mixer tap, integrated fridge/freezer and built in electric oven with electric ceramic hob and extractor hood, electric operated window.
Bedroom 13’6 x 10’ Fitted wardrobe cupboards.
Bathroom 8’8 x 7’8 A good size room with panelled bath with adjacent walk-in level access wet room with shower and seat, wc and vanity unit with sink and mirror above, non slip flooring, emergency pull cord, towel rail, medicine cupboard, fan heater.
Lease – 125 years from June 2010,112 years remaining Service Charge - £11,282.84 per annum Cleaning of communal windows, water rates for communal areas and apartment, electric heating, lighting and power to communal areas, 24 hour emergency call system, up keep of gardens and grounds, repairs and maintenance to interior and exterior communal areas, contingency fund including internal and external redecoration of communal areas, buildings insurance and domestic help Ground Rent - £435.00 per annum Car Parking There are visitor parking spaces together with a parking permit scheme allocated subject to availability on a first come, first served basis.
Council Tax – C EPC Rating - B
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 32, Farringford Court, 1, Avenue Road, Hampshire
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