Summary - OAKLEY COURT, 1 FLAT 24 OAKLEY ROAD SOUTHAMPTON SO16 4FA
1 bed 1 bath Flat
Newly renovated one-bedroom retirement flat with garage — sold by auction, chain free..
First-floor retirement flat, age 60+ only
Newly renovated throughout, showhome condition
Chain-free sale via Modern Method of Auction
Reservation fee 4.5% (min £6,600) plus £349 buyer pack
Leasehold with c.101 years remaining; ground rent £350
Electric storage heating (no gas central heating)
Integrated garage included for parking and storage
Local area deprived; crime levels reported high
A purpose-built first-floor retirement apartment, newly renovated and offered chain-free via Modern Method of Auction. The bright living room faces east for morning light; interiors include a double bedroom with mirrored wardrobes, a contemporary shower room, and a fitted kitchen. The development offers communal facilities and a resident house manager, providing reassurance and social opportunities for those aged 60 and over.
Practical details: the flat is leasehold with 101 years remaining, charges include a ground rent of £350 (average) and an electric storage heating system. A private integrated garage adds secure parking and storage. Broadband and mobile signal are strong, and council tax is described as cheap.
Important buyer information: the sale is by auction and completed within a defined Reservation Period. Bidders must view the Buyer Information Pack (£349 inc. VAT) before bidding and pay a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600 inc. VAT) in addition to the purchase price; these costs affect cash flow and Stamp Duty calculations. If you require mortgage finance, obtain lender guidance and inspect the property carefully before bidding.
Location notes and negatives: the local area is classified as deprived with higher crime rates and predominantly terraces and flats; nearby schools mostly require improvement. Heating is electric storage heaters rather than gas, and some communal/area issues may affect resale or rental demand. Overall, the flat suits a downsizer seeking low-maintenance, ready-to-move-in accommodation with communal support, provided the auction process and additional costs are acceptable.
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