1-bedroom house · SO18 1UD
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Exclusive to the over-60s, this one-bedroom retirement apartment is situated on the third floor and enjoys a desirable westerly aspect with attractive views across the River Itchen, the Itchen Way and Bitterne Park.
The apartment boasts a bright and spacious living room with a doorway leading through to the fitted kitchen, which includes a built-in cooker and freestanding fridge-freezer.
The double bedroom benefits from a fitted wardrobe, while the bathroom is equipped with a shower fitted over the bath.
Homespinney House offers independent retirement living for residents aged 60 and over. The development comprises 65 apartments arranged over four floors, all accessible via lift.
Residents benefit from a non-resident House Manager available Monday to Friday, together with the added reassurance of a Careline emergency alarm service installed throughout the development.
A range of communal facilities are available, including a residents' lounge, laundry room, communal gardens and guest facilities, with two guest suites available for visiting family and friends.
An active social committee organises a variety of regular events and activities, including bingo, book clubs, library visits, arts and crafts sessions, fish and chip lunches and tabletop sales, as well as occasional seasonal celebrations and social gatherings throughout the year.
Conveniently located, the development is approximately 250 yards from the nearest bus stop, 50 yards from a social centre, half a mile from local shops and a GP surgery, and around three miles from both the town centre and the nearest Post Office.
Property Images Kitchen Bedroom 1 Bathroom Development Images Age Restriction Independent later living apartment.
Exclusively for the over 60s Council Tax Band Band A Security Deposit A security deposit equal to one month's rent will be payable at the start of the tenancy.
This covers damages or defaults on the part of the tenant during the tenancy It will be reimbursed at the end of the tenancy subject to the details of the agreement and the findings of the inventory check out report.
Holding Deposit A holding deposit of £150 will be payable on acceptance of an application.
This will be held and used towards the first months rent Please note: The holding deposit will be withheld if the applicant(s) or any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 30 days (or other deadline as mutually agreed in writing).
Disclaimer These lettings particulars have been prepared in good faith to give a broad description of the property.
The description, including photographs, of the property and its contents, are intended to be a guide only rather than a detailed and accurate report and inventory.
Floor plans, measurements, areas and distances are intended to be approximate only and should not be relied upon for the purpose of fitting furniture etc.
Photographs are not necessarily comprehensive or current, and no assumption should be made that any contents shown in them are included in the letting of the property.
No representation or warranty is given as to the title of the property or as to the existence or otherwise of any planning consent, building regulation approval or other statutory or regulatory permission.
Prospective tenants should note that offers are subject to status, references and a comprehensive agency agreement.
The stated rent may not include all services, amenities or outgoings generally that may, by necessity or choice, be associated with the property.
If there is any particular aspect of the property about which you would like further information, we invite you to discuss this with us, especially before you travel to view the property.
¬Disclaimer¬¬ Mobile Signal / Coverage Results are predictions and not a guarantee. Actual services available may be different from results and may be affected by network outages.
The information has been obtained from and is correct at the time of the advert being created. Broadband The information has been obtained from and is correct at the time of the advert being created.
The speeds indicated are the fastest estimated speeds predicted by the network operator(s) providing services in this area.
Actual service availability at a property or speeds received may be different. Offered on a first time first served basis Water rates are included within the rent
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Homespinney House, Bitterne Park, SO18
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