Property Management in Otterbourne, Winchester, Hampshire
Otterbourne House is a charming Grade II Listed building situated in the picturesque village of Otterbourne, 4 miles south of the City of Winchester. Built in the mid-18th Century it was home to notable Victorian author Charlotte Mary Younge, who grew up in the village and her bronze statue sits on a bench in the nearby town of Eastleigh. Converted into flats in the late 20th Century, Otterbourne House consists of 13 separate dwellings.
An unofficial meeting at a summer BBQ at the development, led Liam to pitch for Otterbourne House determined to restore the building, and the client’s faith in the Property Management Industry. With long outstanding maintenance issues, financial mismanagement, and unhappy residents it took nearly 18 months to return it to a stable position.
Through efficient and transparent property management. GH restored the financial running of the block, using well-established accounting software to maintain accurate financial records. Issuing service charge invoices, in accordance with the Lease, holding monies in a designated and named client bank account and ensuring care was taken when checking, allocating, and paying bills were key to resolving outstanding issues.
Implementing the crucial process of an annual budget for the next financial year, based on previous actual expenditure and an informed estimate of future expenditure enabled funds to be saved to facilitate major maintenance works to take place. To this end GH appointed Trinity Rose Chartered Surveyors to project manage and return Otterbourne House to its former glory in 2019 with a Major Exterior Redecoration Project. You can see the case study for this project here.