2-bedroom property · SO31 6DJ
Sold STCListed 401 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
W&W is pleased to offer this two double bed terrace retirement property for sale. The property boasts two bedrooms, lounge/dining room, kitchen, downstairs cloakroom & main shower room.
The property also enjoys communal gardens & parking.
'The Chestnuts' is perfectly situated in a small community of over 55's mews houses conveniently located a short walk from the Locks Heath centre with its everyday shopping and leisure facilities, popular coffee house and Waitrose supermarket.
There is a bus route within the vicinity providing links to local areas and main routes into towns and cities.
Two double bedroom retirement home situated in a private over 55's development Paved area to front of property with storage cupboard Welcoming entrance hall enjoying attractive wood effect flooring The entrance hall boasts a under stair storage cupboard Kitchen enjoying attractive cabinets and worktops Integrated appliances include double oven, electric four ring hob, with space for additional appliances and spacious larder cupboard Lounge / Diner with feature fireplace and patio doors leading to the rear garden Downstairs cloakroom comprising two piece suite Both bedrooms benefiting from built in wardrobes Shower room comprising three piece white suite Westerly facing rear aspect with paved patio area Warden assisted with communal laundry room facilities Communal Parking Leasehold property with 63 years remaining on the lease Annual ground rent approx £100 per annum, our sellers aren't aware of any review period for this Service charge approx.
£3348 per annum Additional Information - Property construction - Traditional brick build Electricity supply - Mains Water supply - Mains Sewerage - Mains Heating - Electric storage heaters Broadband - There is currently no broadband connected to the property Please check here for potential broadband speeds - The current seller informs us that they have mobile signal and are no current black spots.
Please check here for all networks -
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
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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 Locks Road, Locks Heath, Southampton
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