Wide Lane, Hampshire, SO18 2QN

1-bedroom flat · SO18 2QN

1 bath

Asking

£60,000

Lease 60 years: unmortgageable

For saleListed 11 days

Shared ownRetirement

Investor metrics

HMO Article 4 Direction AreaHMO, Southampton City Council city-wide Article 4 (HMO) · C3 → C4 HMO conversion requires planning permission here

Opportunity summary

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About

The property

Enjoy a retirement lifestyle with space to relax, opportunities to socialise and communal gardens to spend time outdoors.

Situated on an upper floor of Grange Court in Southampton, this one-bedroom retirement flat benefits from lift access, making everyday trips out and returning home with shopping more convenient.

The lounge offers a welcoming setting for quiet evenings, catching up with friends or settling down with a favourite book.

A separate kitchen provides space to prepare meals, while the bedroom offers a private retreat at the end of the day. A shower room completes the accommodation.

Beyond your own front door, the communal areas provide opportunities to meet neighbours and enjoy company whenever you choose.

The communal gardens offer a pleasant setting for a breath of fresh air, without the responsibility of maintaining a garden of your own.

Combining the privacy of your own home with shared spaces to enjoy, this flat is an appealing choice for those looking to embrace their next chapter.

Location Situated on Wide Lane in the Mansbridge area of Southampton, Grange Court is conveniently placed for local shops and cafés, making everyday essentials and a coffee out easy to fit into your routine.

A nearby gp surgery and pharmacy add practical convenience, while local bus services and Swaythling railway station offer options for getting out and about. Sold as a 70% share

Shared own

Retirement

Key information

Reception rooms

Council tax band

Band A

Estimated ~£1,200/year

Tenure

Leasehold (60 years)

Local authority

City of Southampton

Unitary Authority

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

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Rent evidence

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Local SA Market

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Archie refurb estimate: a Pro feature

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Investment Disclaimer

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.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated on shared-ownership lots — the asking price buys a share, not the whole property.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market11 days

4/25

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Seller motivation

Not scored yet

Days on market11

Price reduction—

STC fall-through—

Back to market—

Agency change—

EPC rating—

Listing timeline

First listedListed at £60,00013 Oct 2026

Still activeDay 11 on marketToday

Strategy fit

No strategy scores available yet.

Article 4HMO Article 4 applies

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.