2-bedroom flat · SO41 8DU
For saleReduced £25k (−9.1%) on 21 JunListed 328 days
Opportunity summary
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About
Located just outside Lymington town centre, this two double bedroom, two bathroom penthouse apartment is in close proximity to local shops and amenities, and benefits from an allocated parking space and with the master bedroom enjoying stunning Island and sea views.
Communal front door with an intercom entry system, leading into the communal hallway, with stairs rising to the second floor and to front door of the apartment.
The front door opens into the entrance hall with a useful cloaks cupboard housing the wall-mounted boiler.
To the right of the hall is a spacious, open-plan sitting room and kitchen, offering ample space for dining as well. The room is bright and airy, enhanced by Velux windows throughout the apartment.
The well appointed kitchen has velux windows and a comprehensive range of gloss fronted cupboard and drawer units with worktop over and inset one and a half single drainer sink unit with mixer tap over.
Integrated appliances include a tall fridge-freezer, dishwasher, washer/dryer, four ring ceramic hob with glass splashback and extractor hood over, eye level electric oven with space for microwave above.
Breakfast bar area.
The master bedroom with beautiful views over towards the Isle of Wight has a two double fitted wardrobes and a modern en-suite shower room comprising a walk-in shower, WC, wall mounted hand wash basin, chrome heated towel rail, underfloor heating, part tiled walls, tiled floor and velux window.
The second double bedroom benefits from a triple fitted wardrobes and velux window.
The stylish family bathroom includes a bath with a shower over and a glass screen, WC, hand wash basin, chrome heated towel rail, tiled floor, part tiled walls and velux window.
Externally, to the front, there is one allocated parking space, to the rear is a communal garden space, communal bike shed and bin storage for residents to use.
Term: Leasehold Lease : 125 years from 2008 Ground Rent: £125 per annum Maintenance charge: £2,123.12 per annum - including buildings insurance, window cleaning, sinking fund, gardening, cleaning and maintenance of common areas.
This property is positioned just a short level walk from Pennington village centre, with the shops at Fox Pond shops on your doorstep, catchment schools and leisure centre.
Woodside Park and the Sea Wall are also within walking distance.
There are good transport links nearby for easy access into Lymington High Street, with its large range of shops and boutiques, supermarkets and restaurants.
The High Street leads to the quaint cobbled street of Quay Hill and the Marinas and Yacht Clubs beyond. There is a train station offering links to London Waterloo.
Value & comps
No previous sales on record.
Returns
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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 9, The Art House, Milford Road, Lymington
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