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See how verdicts work2-bedroom flat · SR6 0EA
Sold STCListed 428 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is an opportunity to purchase an attractively presented top floor apartment, in a particularly convenient position within this popular modern development available for occupation by those aged 55 years and over.
Springtide Cove is an "Extra Care" development by Housing 21 offering an environment in which people can continue to live independently but with the reassurance of professional on-site services.
With a modern contemporary design, the building includes lovely, landscaped communal gardens, a restaurant, hairdresser, mobility buggy store, a guest suite and laundry.
The apartment's accommodation is surprisingly spacious and stylish with a large lounge (with a particularly pleasant aspect over the landscaped gardens below) leading to a modern fully fitted kitchen.
There are 2 good sized bedrooms and a spacious wet room with a connecting door from the main bedroom.
Internal inspection is essential to fully appreciate the accommodation that this generously proportioned apartment provides, together with the impressive range of on site facilities .
The property is offered for sale on a 75% part ownership basis with no additional rent to pay.
It comprises: entrance hall, lounge, kitchen, 2 bedrooms, wet room/wc, inclusive underfloor heating, uPVC double glazing, carpets, blinds, attractive communal gardens, on site parking.
COMMUNAL ENTRANCE HALL Stairs and lift to upper floors ENTRANCE HALL Built in cupboard with shelves LOUNGE 13' 3" x 11' 8" (4.04m x 3.58m) Pleasant aspect over communal gardens; opening into: KITCHEN 9' 1" x 11' 7" (2.79m x 3.55m) Good range of fitted wall and floor units having contrasting working surfaces; stainless steel single drainer sink unit with mixer tap; built in electric oven; electric hob; Miele automatic washing machine; spotlights BEDROOM 1 13' 8" x 9' 8" (4.17m x 2.96m) Pleasant aspect over communal gardens; door to wet room BEDROOM 2 10' 7" x 7' 7" (3.25m x 2.33m) Pleasant aspect over communal gardens WET ROOM Tiled shower area with rail and curtain; hand basin; low level wc; white suite; partly tiled walls; extractor fan Extras: (Included in price): All fitted carpets and blinds Inclusive underfloor heating; uPVC double glazing; security entry-phone system Full time court manager and support services 24/7 Very pleasant landscaped communal gardens with flowerbeds, lawns, and paved seating areas with pergola We understand that the current combined service charge and utility charge is £368.10 per month with an additional core support charge of £43.36 per week We understand that the property is leasehold with approximately 113 year remaining EPC rating C Council Tax Band B Viewing: By appointment through this office Please Note: These particulars are intended to provide a general outline only for the guidance of prospective purchasers and do not constitute, nor shall constitute, part of an offer or contract.
Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of such information.
The Vendor does not make or give, and neither the Directors of Alfred Pallas, nor any person in their employment has any authority to make or give any warranty in relation to this property.
Where reference is made to the tenure details of the property (including any relevant ground rent or service charge), this information should not be relied upon without being verified independently by the legal adviser of any intending purchaser.
Please note that the services and appliances in the property have not been tested.
Nothing in these particulars shall be deemed a statement that the property is in good condition, nor that any services, appliances or any fittings are in working order or satisfy current regulations.
Any measurements, areas or distances referred to are approximate and are not precise. Accordingly room sizes should not be relied upon for carpets or furnishings.
Plans and floor plans are for identification purposes only and are not to scale.
Information relating to the current council tax banding and standard amount payable is provided for guidance only and should be independently verified prior to purchase.
In particular, purchasers should make their own enquiries with the Local Authority whether a property banding could be subject to review following purchase.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
Area
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FAQ
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