1-bedroom house · BS20 6QY
Listing removedListed 245 days
Opportunity summary
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About
A spacious one-bedroom first floor retirement apartment, in the award winning Grange Lodge development. The apartment is offered to market with no onward chain.
Overview The lounge/diner is a great size with a glass door from the lounge leads to the modern fitted kitchen with a built-in fridge, freezer, electric oven and hob.
The large double bedroom has a built-in wardrobe with sliding, mirrored doors, and ample space for further furniture.
Also off the hall is a three-piece walk in shower room and lastly a generous storage cupboard and airing cupboard.
Grange Lodge is an award-winning retirement complex, winning the EAC National Silver award and EAC Regional Gold award.
Further benefits include communal off-street parking, gardens, owners lounge, laundry room, well-being suite, and a lodge manager on site, backed up by an out-of-hours Careline care system Outside There are beautifully maintained and spacious gardens, bin store, mobility scooter store and plenty of communal parking spaces available on a first come, first serve basis.
Location Situated a short walk to the High Street, with a local shop and cafe's located just outside the complex. We think...
This is a very modern retirement complex, finished to a lovely standard and will appeal to those looking to retire and downsize.
Material information (provided by owner) Leasehold, with a 125 years term which started in 2013. The annual ground rent of £647.90. The management fee is £3,774.23 Per year. The council tax band is B.
Grange Lodge requires at least one apartment Owner to be over the age of 60 with any second Owner over the age of 55.
Service charges include: Careline system, buildings insurance, water and sewerage rates, Air Source heating, communal cleaning, utilities and maintenance, garden maintenance, lift maintenance & Lodge Manager.
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 Grange Lodge, Portishead
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