1-bedroom property · SP7 8AU
For saleListed 274 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
8 HOMEFARRIS HOUSE is an exceptional one double bedroom ground floor apartment located in a popular purpose built block close to the town centre providing comfortable independent living for the over 60's.
The apartment is light and spacious occupying a corner position and benefits from having its own private entrance. The property is presented in good order through out and offers no onward chain.
Homefarris House itself has a range of facilities including a residents lounge, laundry room, reserveable guest suite, regular social events and a 24hr warden service.
The property is a short flat walk from all local amenities including shops, supermarkets, churches, pubs and bus routes. This property must be viewed to be fully appreciated!
APPROACHED: Via residents parking to a communal entrance hall giving access to shared facilities. A further residents pathway from Haimes Lane leads to a private entrance into the flat.
ENTRANCE HALL: Front door opens into a spacious reception hall with doors to further rooms, telephone entry system, emergency pull cord, a very large useful storage cupboard with wall mounted electric consumer unit and modern water heater system.
SITTING ROOM ( 16'3 x 10'9 ) An impressive room being incredibly light and airy with dual aspect UPVC double glazed window and matching door that enjoy access and outlooks over nearby greenery, modern electric radiator, TV point, wall lights, ample space for a dining table and chairs, emergency pull cord, archway leads into: KITCHEN ( 7'3 x 5'5 ) The kitchen is modern and easy to manage with matching painted wooden floor units, draws and trim with roll edge work surfaces over, inset stainless steel sink and drainer, UPVC double glazed window, inset two ring electric hob, open shelving that could be removed for an under counter oven, vinyl flooring, wall lights.
BEDROOM ( 10'3 x 9'3 ) A good sized double bedroom with a UPVC double glazed window, built in double wardrobe, emergency pull cord, modern electric radiator, power points and wall lights.
SHOWER ROOM: Modern matching suite comprising of a large walk in double shower enclosure with wall mounted shower fittings with glass screen , low level wc, porcelain wash hand basin, fully tiled walls, heated towel rail, vinyl flooring, inset spot lights, extractor fan.
Council Tax Band: B EPC rating: D Property M²: SERVICES: Water, electricity, drainage, telephone, all subject to the usual utility regulations. TENURE: Leasehold LEASE LENGTH: Approx 92 years.
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 Bleke Street, Shaftesbury, Dorset, SP7
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