2-bedroom flat · SO18 1UD
Listing removedReduced £5k (−2.9%) on 21 JunListed 166 days
Opportunity summary
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About
A two bedroom retirement apartment situated on the third floor overlooking the park and river Retirement Homesearch are pleased to offer to the market this two-bedroom retirement apartment in Homespinney House.
Homespinney house was constructed by McCarthy & Stone (Developments) Ltd and comprises 65 properties arranged over 4 floors each served by lift.
The development also benefits from a communal laundry room, communal entertainment room with a snooker table and dart board.
The location is in the popular and extremely desirable area of Bitterne Park. Residents at Homespinney house benefit from the development's proximity to Riverside Park with charming riverside walks.
Situated close to an array of shops and within half a mile of Bitterne Triangle Shops.
Buses run frequently to the city centre with plenty of restaurants, shops including Westquay shopping centre & the Mayflower Theatre.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years, or in the event of a couple, one must be over the age of 60 years and the other over 55 years.
Please speak to our Property Consultant if you require information regarding 'Event Fees' that may apply to this property. Accommodation Front door to Entrance Hall Light switch, ceiling light point.
Airing cupboard with insulated hot water cylinder, electric meter and storage space. Emergency pull cord.
Living Room Wall light fittings, storage heater, power points, TV aerial point, telephone point, emergency pull cord. Dual aspect with scenic views over Riverside Park and River Itchen.
An archways leads to the Kitchen Tiled and fitted with stainless steel sink unit, wall and floor cupboards with work tops. Space for refrigerator & cooker. Power points.
Bedroom Built in wardrobe with hanging rail and shelf over. Storage heater, wall light fittings, power points, emergency pull cord.
Bathroom Tiled and fitted comprising modern fitted walk-in electric shower unit with glass screen, WC with low level flush and vanity unit with cupboard under and mirror over.
Extractor fan, heated towel rail, emergency pull cord. Bedroom Two Built in wardrobe. Storage heater, wall light fittings, power points, emergency pull cord.
Value & comps
No previous sales on record.
Returns
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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 48, Homespinney House, Southampton
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