1-bedroom flat · SO31 6SX
Sold STCListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* lift in the block * retirement * over 55 * Are you looking for a retirement property within walking distance of your favourite shops? Then look no further!
This light and airy apartment for over 55's is situated on the outskirts of the Locks Heath Shopping Centre, which benefits from doctor's surgery, Waitrose, pub and local bus routes.
This great apartment is on the second floor and enjoys a large double bedroom with fitted cupboard, a large lounge/dining room with electric fireplace and a modern kitchen comprising fitted oven and space for fridge/freezer.
The modern shower room benefits from low-level WC, basin and large walk-in shower.
Further benefits include a large storage cupboard in the hallway and a lift in the block meaning no stairs are required to access the flat.
The managers' office is occupied Monday-Friday 9-4 and there is a guest bedroom on site which can be hired for visitors on a night-by-night basis.
The large communal lounge is available for all residents to use and benefits various activities which are hosted by the residents' committee.
There is a laundry room directly opposite the front door of this apartment, as well as the lifts being nearby too.
The beautiful grounds are a delightful place to spend your time and are maintained throughout the year. The parking to the front is on a first-come-first-served basis.
Being offered with no forward chain, this flat is one to view!
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
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FAQ
About 34, High Oaks House, Locks Heath
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