Property · SP10 3GF
For saleListed 607 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £10,000-£20,000 **For Sale By Online Auction .
To inspect the legal documents for this property go to our website to download the legal pack** A Roof Space with Redevelopment Potential (Subject to Obtaining all Relevant Consents) Tenure Leasehold.
The property is held on a 105 year lease from 29th October 2020 (thus approximately 100 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Rooksbury Mill Local Nature Reserve Park are within easy reach. Transport links are provided by Andover rail station.
Description The property comprises the roof space above the existing building which is currently arranged over ground and first floors.
Plans have been drawn up for a single storey erection to create 2 x two bedroom flats. No planning application has been submitted for this scheme.
Drawings of the proposed plans are available for inspection upon request.
Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans.
Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site. There are no internal viewings
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 57-63, Millway Road, Andover
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