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See how verdicts work1-bedroom flat · SP10 3FX
Listing removedListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, this charming first floor apartment forms part of a distinctive Grade II listed former workhouse, which is believed to have formed the basis for Charles Dicken’s story of Oliver Twist.
Rich in character and history, the property successfully blends period features with modern conveniences and has been freshly decorated in a neutral palette to create an attractive home ideally suited to first time buyers, those downsizing, commuters, or buy to let investors alike.
The apartment is located within the highly regarded Cloisters development just off Junction Road.
The development enjoys a convenient position within walking distance of Andover town centre, offering an excellent range of shops, restaurants, cafés and leisure facilities, whilst Andover's mainline railway station provides direct services to London Waterloo and the South Coast, making the property particularly appealing for those requiring regular commuting links.
Accessed via a secure entry system, the apartment is situated in a quiet position on the first floor and offers well-proportioned accommodation throughout.
The standout feature is the impressive lounge/diner, boasting vaulted ceilings and exposed timber beams, which create a wonderful sense of space and character while flooding the room with natural light.
This versatile reception space provides ample room for both relaxing and entertaining.
The fitted kitchen is conveniently positioned off the living area, whilst the double bedroom benefits from a large built-in wardrobe providing useful storage.
Completing the accommodation is a bathroom fitted with a modern suite. All rooms have natural light and are accessed via the apartment’s entrance hallway, which also has storage.
Externally, residents enjoy access to attractive communal gardens, offering pleasant outdoor space to enjoy during the warmer months.
Further benefits include one allocated parking space, a secure bicycle store, double glazing and gas central heating.
Combining historical charm, practical living accommodation and an excellent central location, this unique apartment presents a rare opportunity to acquire a characterful home within one of Andover's most recognisable developments.
Early viewing is highly recommended. EPC rating: D.
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
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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 Flat 12, The Cloisters, Junction Road, Andover
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