1-bedroom house · SO50 9TA
Sold STCListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a well-maintained development exclusively for the over 55s, this one-bedroom ground floor apartment offers a comfortable and secure lifestyle just moments from the heart of the town.
With both stair and lift access, the property is easily accessible and benefits from excellent communal amenities, including a welcoming residents' lounge and convenient laundry facilities.
A perfect choice for those seeking independent living with the added reassurance of a supportive community setting.
The property benefits from Lounge ,separate fitted kitchen, Double bedroom with built in wardrobe, showeroom, communal grounds, private parking.No onward chain.
Communal Front Entrance - A door entryphone system enables residents to converse with and identify visitors, and to open the communal front entrance door remotely from their own flats.
Entrance Hallway - Wall mounted entry phone system, wall mounted dimplex storage heater, cloaks cupboard with hanging , also housing wall mounted electric meters and fuse board , textured ceiling, ceiling light point, further valuable storage cupboard housing fully insulated electic water tank providing hot water working off an economy tarrif.
Lounge - 4.194 x 3.016 (13'9" x 9'10") - UPVC Double glazed patio doors leading onto patio area , providing access to communal gardens.,further double glazed window to side aspect, textured ceiling, ceiling light point,power points,wall mounted dimplex electric storage heater.
coving.
Kitchen - 2.461 x 1.971 (8'0" x 6'5") - UPVC double glazed window to front aspect, stainless steel single drainer sink unit with mixer tap and tiled splashback, range of base level units with drawers, ample heat resistant work top surfaces.
with built in Neff two ring electric hob, stainless steel chimney style extractor hood ,textured ceiling, ceiling light point, coving.
Bedroom - 2.949 x 2.982 (9'8" x 9'9") - UPVC double glazed window to rear aspect,textured ceiling, coving, ceiling light point, wall mounted Dimplex storage heater.built in wardobes with sliding doors, with hanging rail and shelving over, Shower Room - 1.87 x 1.87 (6'1" x 6'1") - textured ceiling, coving, ceiling light point ,vanity unit with inset wash hand basin, mixer tap, tiled splash back and storage below,shower cubicle with built in Mira Shower, fully tiled surround, sliding door, wall mounted electric heater ,extractor fan.
Patio Area - Communal Gardens - Communal Lounge - Communal lounge with conservaory area and doors onto communal gardens Communal Kitchen Facilities - Laundry Facilities - Communal Laundy facilities Tenure - We understand the the property is leasehold with the remainder of a 125 year lease from 01.03.1990 remaining 89 years Ground rent £50.00 every 6 months Maintenance £1,450 every 6 months These details would need to be verified with the vendors solicitors Council Tax Band A -
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.
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About The Crescent, Eastleigh
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