1-bedroom house · GU34 1FZ
Listing removedReduced £60k (−37.5%) on 27 JunListed 490 days
Opportunity summary
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About
A beautifully presented 2nd floor one bedroomed retirement apartment with a glazed door from the living room leading directly onto a balcony with a an outstanding view over the immediate town centre and the distant hills.
The property has just been newly carpeted and is ready for occupation. Austen Place is a modern, purpose-built Retirement Living Plus development built by McCarthy & Stone, completed in 2018.
Designed specifically for the over 70s, it provides independent living with the option of extra care and support as required through the day.
The apartment comprises a spacious living/dining room, fully fitted kitchen, double bedroom, benefiting from a walk-in wardrobe, shower room and walk-on balcony enjoying a southerly aspect.
Communal facilitiesinclude a large Club Lounge, with tea and coffee making facilities, which opens onto landscaped gardens and seating areas.
There is an Estate Manager who oversees the development and leads the team of staff. The Lounge hosts regular social events and activities.
Catering facilities provide the option of a freshly prepared 3 course lunch in the Restaurant (table service), and evening sandwich platters delivered to your apartment.
A private dining room is available to host family get-togethers or small parties.
Within the development there is a hair and beauty salon, fully equipped laundry rooms, and a locked garage area for charging mobility scooters.
Should your guests wish to stay overnight, a private en-suite guest suite is available on the ground floor (small fee applies).
The service charge covers maintenance of all the communal areas and includes 1-hour of domestic assistance per week; additional assistance can be arranged through the Estate Manager as required.
There is a 24 hour emergency call system provided by a personal pendant and call points in each room within the apartment, and throughout the communal areas.
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
Agent & docs
FAQ
About 38 Austen Place,, Lower Turk Street, Hampshire
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