2-bedroom flat · PO6 2DE
For saleReduced £11k (−3.5%) on 22 MayListed 412 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying a southerly facing aspect, we are delighted to bring to the market this very spacious and elegant, upper floor retirement apartment.
Boasting generous and well-presented living spaces throughout, the property has been thoughtfully designed creating a cohesive and inviting ambiance.
Upon entering, a welcoming hallway sets the tone with its neutral décor, lighting and decorative dado rails.
Opening then into the true heart of the home, an ample open-plan living and dining area, with feature fireplace surround and ceiling fans/lights.
A good sized built-in cupboard measuring 10' x 3'8 is located off and provides a fabulous space for all your storage needs.
Large windows flood the space with natural light, while sloped ceilings add character to the room.
The kitchen is a modern marvel, with sleek grey cabinetry, ample counter space, and integrated appliances. A skylight above ensures the space remains bright and airy.
Both bedrooms are of good proportions, with the primary benefiting from a built-in wardrobe. Both rooms feature large windows that offer views of the surrounding area.
The contemporary shower room is well-appointed and features a spacious curved shower enclosure and heated towel rail and for additional convenience, there is also a stylish separate cloakroom accessed from the hall.
Simmonds Lodge was developed for the over 60s in 2016 and is conveniently located close to local amenities, bus routes and Queen Alexandra Hospital.
The complex has many facilities including communal lounge, a guest suite, fitness and well-being rooms as well as pretty, attractive and well-tended communal gardens – and resident's car parking.
The 24/7 careline provides peace of mind to relatives and there is an on-site Lodge Manager.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Havant Road, Drayton
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