1-bedroom flat · GU51 3FS
Listing removedReduced £15k (−15%) on 3 OctListed 268 days
Opportunity summary
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About
** assisted living ** Mackenzie Smith, Fleet, is delighted to present this bright and spacious one-bedroom retirement apartment in the heart of Fleet.
Ideal for comfortable retirement living, the property features access to beautifully maintained communal gardens and a serene, peaceful environment.
The Property Kings Place is a Retirement Living Plus (formerly Assisted Living) development by McCarthy & Stone, designed for the over-70s and comprising 63 one and two bedroom apartments with 24-hour on-site management.
This first-floor one bedroom apartment features a spacious living room with a Juliet balcony overlooking the landscaped gardens, a fully fitted kitchen, underfloor heating, a level-access shower room, and a 24-hour emergency call system.
Residents enjoy excellent communal facilities, including a homeowners’ lounge, sun lounge, restaurant with daily freshly prepared meals, wellbeing suite, two laundry rooms, and a guest suite for visiting friends and family (fees apply).
The service charge includes one hour of domestic support per week, with additional flexible care and support available from as little as 15 minutes per session, tailored to individual needs.
Additional Information And Services Parking - Parking is by allocated space subject to availability. The fee is £250 per annum. Permits are available on a first come, first served basis.
Please check with the House Manager on site for availability.
Leasehold - 125 years from June 2015 Ground Rent: £435 per annum Ground Rent review date: June 2030 Service Charge Breakdown - • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24 hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance Underfloor heating.
One hour of domestic support per week is included in the service charge as well as the underfloor heating within the apartment.
Service charge: £10,165.62 per annum (for financial year end 30/09/2026). The Service charge does not cover external (truncated)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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.
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FAQ
About 28, Kings Place, Hampshire
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