3-bedroom flat · SO31 5FA
Listing removedListed 222 days
Opportunity summary
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About
An impressive three bedroom luxury apartment forming part of the Grade II listed Netley Castle, set within approximately 4 acres of landscaped gardens and grounds this delightful property enjoys superb views over Southampton water and has direct access to the beach.
SITUATION Netley Castle is located in Old Netley which is 1.4 miles from Hamble and 0.8 miles from the centre of Netley.
Old Netley is situated on the south coast of Hampshire, on the east side of the city of Southampton.
It is flanked on the one side by the ruins of Netley Abbey and on the other by the Royal Victoria Country Park.
The oldest part of Netley retains the feel of an old fashioned and quaint village with some traditional small shops and rows of colourful terrace cottages.
It is located along the shore of Southampton Water with a shingle beach and Weston Sailing Village nearby.
There are two schools, including Netley Abbey Infants’ School and a County Junior School, together with a local Church. A railway station at Old Netley offers services to Southampton and Portsmouth.
DESCRIPTION Netley Castle was built as part of Henry VIII’s coastal defences in c1542 from stone from the recently dissolved Netley Abbey and was visited by Queen Elizabeth I.
It was transformed in the 1880’s to a Victorian Gothic style castle, adding the castellated wings and towers on each side.
In c1832 Netley Castle was the subject of a series of sketches by JMW Turner.In 2000/1 the castle was converted into ten luxury apartments.
The apartment is exceptionally well appointed and comprises a delightful sitting room with central fireplace feature and doors out on to a balcony which offers some fabulous views out over Southampton water.
The kitchen breakfast room is well equipped with a number of fitted appliances and a bespoke range of fitted oak units comprising cupboard and drawer sections with quartz granite worksurfaces over.
A family room/study is a versatile space being formerly the main bedroom adjacent to a separate cloakroom/shower room.
This room is great for everyday living and relaxing and could be a formal dining room if that is one’s preference.
The master bedroom comes with ensuite bathroom, fitted wardrobes and there are views out over the grounds and Southampton water.
The guest bedroom also has en suite shower room with views over the front lawn.
The property offers tremendous storage, parking, garaging and the use of a unique dining hall, which is part of the original castle and can be utilised for functions and meetings.
OUTSIDE The Castle is approached via a set of electric gates which lead to a sweeping driveway to the front of the building.
The communal grounds are mature and well cared for and extend to approximately 4 acres and create a wonderful backdrop to the building, with a large area of lawn to the front.
The original portion of the Castle has a Great Hall, which as mentioned previously, can be used by all 10 apartments.
the garage for the apartment, with a boarded storage loft above, has its own electricity supply and is part of a block with a remotely operated door.
In addition to the garage there is ample car parking for residents and guests. Under the balcony is additional outdoor storage. The grounds have two secure gates with direct access to the beach.
SERVICES Mains water, electricity, gas and drainage. TENURE Leasehold (each apartment owns an equal 10% Share of the Freehold). The lease is currently being extended to 999 years.
OUTGOINGS Service charges – 2024 £10,000 pa, 2025 £6,500 ytd. POST CODE SO31 5FA LOCAL AUTHORITY Eastleigh Borough Council.
COUNCIL TAX Band G EPC Rating = C Full Energy Performance Certificate available by request.
Value & comps
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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.
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About Abbey Hill, Netley Abbey, Southampton, Hampshire, SO31
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