2-bedroom flat · SP7 8LZ
Sold STCListed 35 days
Opportunity summary
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About
Summary Two-bedroom ground floor retirement apartment for the over 55s, offered with no onward chain.
Available on a 70% shared ownership basis with a new 60-year lease upon completion, conveniently located close to Shaftesbury town centre and local amenities.
Description Situated in the historic hilltop town of Shaftesbury, this two-bedroom ground floor apartment is exclusively available to the over 55s and is offered for sale with no onward chain.
Conveniently positioned close to local amenities and transport links, the property provides comfortable and low-maintenance living in a popular retirement setting.
The accommodation comprises a welcoming entrance hall, spacious living room, fitted kitchen, two well-proportioned bedrooms, bathroom and separate W/C.
The ground floor position offers easy access and practicality, making it an ideal choice for those seeking independent retirement living.
The property is available on a shared ownership basis, with the purchaser acquiring a 70% share and the freeholder retaining the remaining 30%.
A new 60-year lease term will be granted upon completion.
An excellent opportunity for those looking to downsize and enjoy a convenient location within easy reach of the town centre and its wide range of shops, cafes, and services.
Lounge Double glazed bay window to the front, storage cupboard and a radiator. Inner Hall Storage cupboard.
Kitchen Double glazed window to the rear, wall and base units, sink and drainer, electric hob, extractor fan, space for a fridge/freezer and washing machine.
Bedroom One Double glazed window to the front, built in wardrobes and a radiator. Bedroom Two Double glazed window to the rear, built in wardrobe and a radiator.
Bathroom Double glazed window to the rear, bath, wash hand basin and a radiator. W/C Double glazed window to the rear, WC, wash hand basin and a radiator. Parking Residents parking.
Agents Note Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. Lease Information A new lease term upon completion of 60 years.
70% ownership with freeholder retaining 30%. We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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
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FAQ
About 16, St. Edwards Court, Shaftesbury
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