1-bedroom house · BH15 2FR
For saleReduced £30k (−17.1%) on 27 JulListed 735 days
Opportunity summary
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About
• Part- exchange considered • Horizons is a highly contemporary building in this superb location opposite Poole Park and less than a mile from the town centre • Immaculate 1 bedroom, 3rd floor apartment with all/some furniture if desired • Fully fitted kitchen with integrated Neff appliances to include oven, hob, extractor, dishwasher and fridge/freezer • Generous double bedroom with door to the balcony and a walk-in wardrobe • Large lounge with space for a dining table and access onto the balcony • Large 21’ x 5’ private balcony • Modern fitted wet room • Large storage cupboard and walk-in wardrobe • Fitted carpets, wardrobes and curtains/blinds • There are 60 flats over 8 floors serviced by two passenger lifts, two sets of stairs, security entryphone system with fob openers for the automatic doors • Under floor heating system powered by a communal gas boiler providing low cost heating and Nuaire heat recovery system - designed to provide optimized balance (supply & extract) mechanical ventilation with heat recovery This impressive McCarthy and Stone retirement development is for 70’s and over and has many splendid communal facilities.
The restaurant serves lunch from 12.30 every day (which can be served as room service if required) and these meals are £4.20 - £10.00 each.
There is a communal lounge, a function room, guest suite, spectacular atrium style reception area, beautiful gardens and furnished patios, 2 laundry rooms, refuse room, upper floor viewing room, quiet games room on the second floor and a wellness suite on the third floor for hair, nails and massage.
There are 24 hour Duty Managers on hand as well as various Care and Support personnel and an Estate Manager who oversees the overall running.
There are various clubs such as bridge, gardening and Friday night films. One hour of help weekly, in the flat is also included.
Term of Lease: 999 years from 2016 Ground Rent: £435 per annum Maintenance Charges: £9,370 per annum (To include: All communal services, management and maintenance of the building, restaurant staffing and maintenance, 24h emergency call, water and sewerage, one hour of domestic assistance per a week.
Extra care packages available by arrangement (additional charge applies) • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance • Restaurant staffing and maintenance • The service charge includes one hour of domestic assistance per a week.
Extra care packages available by arrangement (additional charge applies) (for financial year ending 30/06/2025) council tax band: D EPC rate: B
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 Flat 40 Horizons, Churchfield Road, Poole
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