1-bedroom property · SO50 6HE
For saleListed 259 days
Opportunity summary
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About
Set on the corner of the lower ground floor within the main building, 23 Garnier Drive offers an unusually generous choice of outdoor space with three separate patio areas-one west-facing by the woodland walk for afternoon sun, and two north-facing terraces that keep the apartment pleasantly cool in summer.
For winter comfort, there's underfloor heating throughout and a feature fire in the living room. The welcoming hallway includes a double storage cupboard housing the utilities and meters.
The dual-aspect living room is bright and well-proportioned, with two sets of French doors opening to the patios, making entertaining or a morning coffee wonderfully easy.
Glazed double doors lead into the cream shaker-style kitchen, fitted with a full suite of integrated appliances-oven, microwave, induction hob, slimline dishwasher, washer/dryer and fridge/freezer-and a window overlooking the woodland walk.
The bedroom is a generous double with a built-in triple wardrobe and French doors to the third patio area.
The en-suite shower room features a step-free walk-in shower, WC and a vanity unit with fitted cupboards, plus an extractor fan for ventilation.
Exclusively for those aged 65 and over, Bishopstoke Park offers an exceptional lifestyle with access to the restaurant and bar, wellness centre (pool, sauna, steam room and gym), hair salon, village shop, library and beautifully maintained grounds with woodland walks.
Flexible care and housekeeping packages are available should your needs change over time. Vendor note: The current owner has enjoyed living here since 2023 and is moving to be nearer to family.
Other Information: There is an age restriction at this development, at least one of the residents must be over 65 years of age. Lease: 125 years from 1st Jan 2015 (approx.
115 years remaining) We are advised that the annual ground rent is £500.00 (doubling on each successive 25 years of the term).
The service charge is £690.44 per month for the financial year 01/04/25- 31/03/26. Anchor selects utilities centrally for the benefit of all residents.
Residents receive a monthly statement showing their metered consumption for water, heating and electricity and are payable by monthly direct debit.
There is a deferred sinking fund contribution upon sale of 4% of the sale price.
Bishopstoke Park is situated just 3 miles from Southampton Airport, and while this provides convenient access to travel, residents may occasionally notice some background aircraft noise.
Residents are allocated one parking permit per apartment.
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 23 Garnier Drive, Bishopstoke Park Retirement Village
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