1-bedroom flat · SO14 3AF
For saleListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern stylish one-bedroom apartment is situated on the third floor of this spectacular development which was constructed in 2018, located within an enviable position on the outskirts of Ocean Village, close to Oxford Street and Southampton City Centre.
Internally, the apartment has been finished to a high specification offering modern fixtures and fittings throughout.
Upon entering the property, you are greeted by a welcoming entrance hall with a large practical storage cupboard.
Wood effect flooring flows seamlessly through the generously sized open-plan living space, the sitting room benefitting from a large floor to ceiling window which brings in an abundance of natural light which has the modern fitted kitchen located at the opposite end.
The apartment features one well-proportioned double bedroom with built-in wardrobes which is served by the sleek three-piece bathroom boasting a rainfall shower and built-in TV.
Other benefits include access to the communal roof terrace and lift access to all floors.
The apartment is currently tenanted so can be offered with vacant possession to a first-time buyer or as a buy to let investment for those looking to add to their property portfolio.
Annual building insurance: £1,487 Leasehold Unexpired Years: Tbc Annual Ground Rent: £150 Ground Rent Increase: Tbc Ground Rent Review Period: Tbc Annual Service: £1000 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
Additional information Materials used in construction: Brick There is an electric car charging point to the propety No gas to the property Have any alterations or improvements been carried out during your ownership?
Yes, Ask Agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser(s) have an offer accepted on a property marketed by Charters Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Ocean Village is a highly sought after city centre location due to the close proximity of an abundance of bars, restaurants, cafes and cinemas including the local Harbour Lights and the impressive Cinema de Lux at West Quay.
The nearby Oxford Street conservation area is known as "Restaurant Row" and is home to some of the city's most famous eateries.
Numerous pleasant parks are found nearby including Mayflower Park that hosts the popular annual International Boat Show.
The Central railway station is found near Commercial Road whilst the Parkway railway station is found adjacent to junction 5 of the M27 (opposite the international airport) and provides a fast route to London Waterloo.
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 D302, Royal Crescent Apartment, 1, Royal Crescent Road, Hampshire
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