1-bedroom property · SO50 9PP
Sold STCListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RETIREMENT APARTMENT An immaculate and very comfortable retirement apartment on the second floor of an elegant block solely for residents over the age of 60 and set in beautifully maintained gardens.
Access is via lift or stairs and the apartment has a private hall, modern applianced kitchen, bathroom, double bedroom and a spacious lounge centred on a fireplace.
Facilities provide a residents lounge, a guest suite, and a laundry room. A House Manager is available in the mornings and emergency pull cords are arranged in the apartments.
The town centre is minutes away with its mall, library, cinema, bus and train stations. Entrance Hallway - Textured ceiling with coving, ceiling light point, access to the roof void.
A door opens to a useful shelved cupboard and houses the electric consumer unit and meter. A second cupboard opens housing the water heater and slatted linen shelving over.
From here a six panel door opens to the lounge.
Lounge - 5.37 x 3.18 (17'7" x 10'5") - Textured ceiling with coving, two ceiling light point, upvc double glazed window to the side aspect, provision of power points, television point.
The room centres on a coal effect electric fire. Wall mounted 'Dimplex' night storage heater. An opening leads through to an additional living area, suitable as a dining room or study.
Study / Dining Area - 2.66 x 1.59 (8'8" x 5'2") - Textured ceiling with coving, ceiling light point, provision of power points.
Kitchen - 2.13 x 2.26 (6'11" x 7'4") - Accessed by a pair of glazed doors from the lounge.
The kitchen is fitted with a range of low level cupboard and drawer base units, heat resistant worksurface with a matching range of wall mounted cupboards over.
Inset sink with drainer, four burner 'Electrolux' hob with extractor hood over, space for an undercounter fridge, mid height electric fan assisted oven.
Ceramic glazed splashback tiling Textured ceiling with coving, ceiling light point, upvc double glazed window to the side aspect, wall mounted 'Dimplex' fan heater, linoleum floor covering.
Bedroom - 3.41 x 2.78 (11'2" x 9'1") - Textured ceiling with coving, ceiling light point, upvc double glazed window to the side aspect, provision of power points, telephone and television point.
Wall mounted 'Dimplex' night storage heater. The room benefits from fitted wardrobes providing a good degree of hanging rail and storage.
Shower Room - 2.08 x 1.87 (6'9" x 6'1") - Fitted with a wash hand basin set within a vanity unit with useful storage below, close coupled wc, double shower enclosure with glass and chrome shower screen and thermostatic shower within.
Textured ceiling with coving, ceiling light point, extractor fan, wall mounted 'Dimplex' heater, linoleum floor covering. Fully height tiled walls.
Communal Facilities - Communal facilities available to all residents include - * a residents' lounge * a guest suite which may be booked in advance for visitors * a laundry room Residents Lounge - A very spacious and well furnished communal lounge is available to residents.
Laundry - The laundry is available to all residents. House Manager - A House Manager is available in the mornings until 1pm.
Emergency Call Assistance - Emergency pull cords are installed in the apartments. Car Parking - Car parking provision is made.
Tenure - We understand that the property is leasehold with the residue of a 125 year lease from 2005 and that a service charge of £1,735.80 per half year and ground rent of £192.50 per half year.
However, these details are to be confirmed by the vendor's solicitor and verified by a buyer's solicitor.
Couincil Tax Band B - Agents Note - Successful buyer’s will be required to complete Anti Money Laundering Checks (AML) through Lifetime Legal.
The cost of these checks is £80 inc VAT per purchase which is paid in advance, directly to Lifetime Legal.
This charge verifies your identity in line with our legal obligations as per the FCA & HMRC and includes mover protection insurance to protect against the cost of an abortive purchase.
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 Fairholme Court, Archers Road, Eastleigh
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