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See how verdicts work1-bedroom flat · SO42 7QX
Sold STCListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being of the larger design, this refurbished ground floor flat benefits from its own personal door opening out to a patio and communal gardens, specifically for the over 55's and is very conveniently situated for both the village centre and mainline station.
Homeforde House is an established development of apartments specifically for those aged 55 and over, and located in the centre of the village, a short distance from the excellent local shops and public transport, which includes a main line rail station (Waterloo approximately 90 minutes).
Accessed via the communal entrance leading to front door or personal door via the ground floor this well presented one bedroom retirement apartment has an entrance hall which leads into a good-sized living area with window and patio door leading to communal gardens.
The modern kitchen has been well fitted with marble effect roll edge worktops and matching splashback.
There is a good range of soft close cupboards and drawers along with a four-ring electric Beko hob with Cooke and Lewis extractor over and Beko oven/grill below.
The main bedroom is well proportioned and has built in wardrobe cupboards with window overlooking communal gardens.
Next to the bedroom there is a good-sized modern bathroom with white panelled bath and Triton shower over and extractor fan.
FACILITIES AVAILABLE WITHIN THE COMPLEX: GUEST BEDROOM, RESIDENTS’ LOUNGE AND LAUNDRY ROOM. TENURE: We understand the property is held on the residue of a 99-year lease from 1980.
SERVICE CHARGE: £5023 PA GROUND RENT: £885 PA EPC RATING: Current ~ C79 Potential ~ B83 COUNCIL TAX BAND: B SERVICES: Mains water, electricity and drainage. HEATING: Electric heating.
BROADBAND: Ultrafast up to 1000 mbps download (Ofcom).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About Grigg Lane, Brockenhurst, Hampshire, SO42
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