2-bedroom property · SO50 7PG
For saleListed 422 days
Opportunity summary
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About
An elegant 2 bedroom, lift serviced apartment in a very nice block, set amongst similar retirement apartments and cottages for the active retired. Residents must be over 60 years of age.
A bright and spacious home with a nicely proportioned sitting room, separate kitchen, shower room and with double bedroom with fitted wardrobes.
Emergency pull cords are fitted throughout the apartment, well maintained communal grounds, a house manager is resident and residents can enjoy a communal lounge, laundry room, and private parking for residents.
Entrance Hallway - Textured ceiling with coving, ceiling light point, access to the roof void. Wall mounted 'Dimplex' night storage heater. Wall mounted intercom system.
A four panel door opens to a storage cupboard housing the electric water boiler, shelving and an electric consumer unit/meter.
Lounge - 3.17 x 6.44 max (10'4" x 21'1" max) - Textured ceiling with coving, three wall light points, natural light is provided by a large upvc double glazed window.
Wall mounted 'Dimplex' night storage heater, provision of power points. Telephone and television point. The room centres on an electric coal effect fire. From here an archway leads to the kitchen.
Kitchen - 1.72 x 2.53 (5'7" x 8'3") - The kitchen is fitted with a range of 'Beech' effect fronted low level base and drawer units, heat resistant worksurface with a matching range of wall mounted cupboards over.
Inset ceramic glazed sink with drainer and a mono bloc mixer tap over. Four burner hob with extractor hood over, fan assisted oven. Space for an undercounter fridge. Ceramic glazed splashback tiling.
Textured ceiling with coving, ceiling light point, laminate floor covering.
Master Bedroom - 3.0 x 3.64 (9'10" x 11'11") - Textured ceiling with coving, two wall light points, upvc double glazed window, wall mounted electric panel heater.
Provision of power points, telephone and television point. The room benefits from a range of mirror fronted wardrobes providing a good degree of hanging rail and storage.
Bedroom 2 - 3.24 x 2.34 (10'7" x 7'8") - Textured ceiling with coving, wall light point, upvc double glazed window, wall mounted electric panel heater.
Shower Room - 2.02 x 1.66 (6'7" x 5'5") - Fitted with a three piece white suite comprising pedestal wash hand basin, close coupled wc, large walk in shower enclosure.
Ceramic glazed tiled to full height. Textured ceiling, ceiling downlighter, extractor, electric chrome heated towel rail. Gardens - The block enjoys communal gardens, which are very well tended.
Outgoings - Details of outgoings are to be confirmed by the vendor's solicitors and must be verified by a buyer's solicitor; however, we are informed that a maintenance charge of £4400 P.A is currently applicable, payable in half yearly instalments, this includes buildings insurance, a contingency fund,, window cleaning, and a gardener.
There is a separate ground rent of £60pa. RESIDENTS MUST BE OVER 55 YEARS OF AGE. Council Tax Band C -
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Mortimers Lane, Fair Oak, Eastleigh
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