1-bedroom house · SO24 9FT
For saleListed 186 days
Opportunity summary
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About
This well-proportioned retirement apartment was built by McCarthy & Stone and only completed in November 2019. It has been redecorated throughout and had a new carpet fitted in the lounge.
The first-floor apartment enjoys beautiful views from the private balcony over the landscaped communal gardens and offers a large double bedroom, a modern tiled shower room, fitted kitchen and a sizeable sitting/dining room with a patio door to the superb balcony.
The apartment is located on the first floor, with lifts and stairs available to all floors. The front door leads to a welcoming entrance hall, with a large boiler/storage cupboard.
The generous sitting/dining room displays doors which open to the west-facing balcony, while the contemporary kitchen is fitted with a range of wall, base and drawer units with integrated appliances.
The double bedroom has built-in storage, with the level access tiled shower room completing the accommodation The communal entrance to the development leads into a spacious reception area and access to all on-site facilities, including a hair salon, bistro style restaurant, communal lounge, laundry services and the on-site staff and care providers.
Further advantages include a guest suite for family and friends and 24-hour emergency call system, with a video entry system.
TENURE Leasehold Unexpired Years: 995 Annual Ground Rent: £435 Ground Rent Increase: TBC Ground Rent Review Period: TBC Annual Service: £8,728.44 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Services: Water – Mains Gas - No Electric - Mains Sewage - Mains Heating – Electric radiators Materials used in construction: TBC How does broadband enter the property: TBC For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Wayfarer Place is in a convenient location in the heart of the quaint Georgian town of Alresford.
Famous for being home to the Watercress Line heritage railway, Alresford boasts a bustling community which hosts a number of annual events including the Watercress Festival and Alresford Show.
Conveniently located on The Dean, Wayfarer Place offers a range of handy, local amenities such as a selection of eateries and cafes, independent and well-known shops, and a Tesco Metro and Co-op Local.
In addition, a conservation area and the beautiful River Arle is just a stones throw from the development providing a picturesque setting for spending time with friends and family.
There are good transport links to London and surrounding towns including Alton and Winchester. A bus stop is located a short walk away, opposite the nearby Co-op Local.
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.
Area
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FAQ
About The Dean, Alresford, Hampshire, SO24
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