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See how verdicts work2-bedroom flat · RH11 8AE
For saleListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom retirement apartment situated on the first floor Retirement Homesearch are pleased to offer the opportunity to purchase this two bedroom retirement apartment in this sought-after development.
Homethorne House offers comfortable and secure retirement living, just a short walk from the Town Centre, bus routes, and railway station.
Homethorne House was constructed by McCarthy & Stone (Developments) Ltd and comprises 35 properties arranged over 3 floors each served by lift.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years. Please speak to our Property Consultant if you require information regarding 'Event Fees' that may apply to this property.
Accommodation Front door with spyhole leads to the Entrance Hall Illuminated light switch, power point, coved and artex ceiling. Ceiling light point. Careline phone.
Airing/storage cupboard housing the self lagged hot water cylinder with fitted electric immersion heater, shelving, electric meters and storage space.
Lounge Electric night storage heater, power points to include TV aerial point. Emergency pull cord, wall light points.
An archway leads to the Kitchen Part tiled and fitted with stainless steel sink unit, wall and floor cupboards, work tops, Built in eleectric oven and hob with extractor hood over.
Space for Fridge/freezer. Power points. Strip light. Bedroom One Built in wardrobe with hanging rail and shelf over. Electric night storage heater. Power points. Emergency pull cord.
Wall light fittings. Bathroom Tiled and fitted with suite comprising bath with twin hand grips and emergency pull cord. WC with low level flush. Vanity unit. Wall mounted electric heater. Strip light.
Extractor fan. Bedroom Two Electric night storage heater. Power points. Emergency pull cord. Wall light fittings.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 15, Homethorne House, Southgate
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