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See how verdicts work4-bedroom terraced house · SO41 0QD
For saleReduced £100k (−6.7%) on 25 OctListed 447 days
Opportunity summary
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About
An outstanding residential property in a prime high street location with lock up shop and self-contained one bedroom cottage overlooking the Milford village green with a south facing rear garden, driveway and garaging 62-64 High Street is in a prime village centre location, benefitting from a good sized south facing rear terrace and garden, with the garage and parking a vital additional benefit.
The Shop has a high profile presence directly opposite the village green, and is currently operated as a high quality home furnishing and gift business by the current owners, who would happily pass on this successful enterprise to a new owner should it be of interest.
Biscuit House, the self contained cottage, is successfully operated as a holiday let, but could also be excellent additional or annexe style accommodation MAIN HOUSE accommodation comprises (all measurements are approximate): Front door leading to a SPACIOUS ENTRANCE HALL with ceramic tiled timber effect flooring, period style central heating radiator, recessed ceiling spotlighting, double doored coats cupboard, and further double doored storage cupboard, and free flowing access to: SITTING ROOM: 16'8" x 13'7" (5.08m x 4.14m) Double glazed fully opening bifold doors overlooking the rear southerly aspect and leading directly on to the Sun Balcony with iron balustrade and composite decking, a continuation of the ceramic tiled flooring, central beamed TV recess feature wall, central heating radiator, recessed ceiling spotlighting, recess shelving Free flowing access from the Entrance Hall leading to: KITCHEN/DINING/LIFESTYLE LIVING SPACE: 27' x 21'11" (8.23m x 6.68m) narrowing to 15'10" (4.83m) A superb ambient and versatile living space with an elevated soft furnishing area and ceramic tiled flooring, underfloor heating, recessed ceiling spotlighting, overlooking and flows via a three tread stairwell to: KITCHEN/DINING SPACE with the kitchen comprising a central island unit with a double bowl butler style mixer tap sink unit set in a composite work surface and breakfast bar overhang, with base cupboards, space and plumbing for dishwasher.
With the remainder of the kitchen comprising space for range style cooker and extractor over, adjacent granite work surface, further base cupboard and drawer units, space for large dining table and chairs, wall mounted TV point, recessed ceiling spotlighting, ceramic tiled flooring, underfloor heating, sky lantern, double glazed fully opening bifold doors overlooking and leading on to the large south facing decked Terrace with the garden backdrop beyond, and door from the kitchen area leading to: PANTRY: 17' deep x 4'8" (5.18m x 1.42m) narrowing to 2'5" (0.74m) A superb kitchen and white goods storage space with shelving and ceiling light point From the Entrance Hall further doors leading to: UTILITY ROOM: 9'5" x 6'8" (2.87m x 2.03m) Comprising single bowl single drainer mixer tap sink unit set in a work surface with base and eye level cupboard units, space and plumbing for washing machine, double glazed window, central heating radiator, recessed ceiling spotlighting, wall mounted gas fired central heating boiler concealed in a cupboard unit GROUND FLOOR WC 7'5" x 3' (2.26m x 0.91m) Comprising wc, wash hand basin, central heating radiator, extractor, and light point An attractive stairwell leading to: SPACIOUS FIRST FLOOR LANDING: 17'5" x 13'5" (5.3m x 4.1m) with double glazed window, sky lantern, ceiling light point, central heating radiator, trap giving access to the roof space with pull down ladder, light and partially boarded, door leading to: MAIN BEDROOM SUITE: 18'11" x 13'6" (5.77m x 4.11m) Fully opening double glazed doors with a Juliet Balcony overlooking the south facing rear garden, high ceiling with central ceiling light point, wall light point, central heating radiators, built in wardrobes and adjacent shelving for storage, double glazed Velux window, and door leading to: ENSUITE: 8'10" x 7'4" (2.7m x 2.24m) maximum measurement Comprising good sized walk in shower, concealed cistern wc, vanity wash hand basin, heated towel rail, recessed ceiling spotlighting, extractor, double glazed window DRESSING ROOM: 9'8" x 5' (2.95m x 1.52m) with double glazed window, recessed ceiling spotlighting, space for dressing table, fitted hanging rails and shelving BEDROOM TWO: 15'2" x 11'4" (4.62m x 3.45m) High ceiling with ceiling light point and recessed ceiling spotlighting, double glazed window overlooking the rear garden, central heating radiator, double built in wardrobe, space for dressing table, and door leading to: ENSUITE: 11'8" x 4'7" (3.56m x 1.4m) Good sized walk in shower, concealed cistern wc, wash hand basin, heated towel rail, recessed ceiling spotlighting, extractor From the first floor landing is the approach to Bedroom Three with further storage space, built in cupboard space and door leading to: BEDROOM THREE: 18'4" x 9'3" (5.6m x 2.82m) maximum measurement Double glazed sash window overlooking the village green with fitted shutter blind, central heating radiator, recessed ceiling spotlighting, further double glazed side aspect window OUTSIDE The garden is south facing with a large composite decked Terrace with direct access from the Kitchen/Dining Room leading to the remainder of the garden which is laid to lawn with shrub/flower bed and specimen tree borders, fenced boundaries, outside lighting and power points.
No.64 also has a private tarmac driveway from the High Street leading via electric double opening timber gates to the rear of the property with the driveway widening to provide off street parking and leading to the double width Carport and adjacent Garage GARAGE: 19'9" x 9'8" (6.02m x 2.95m) BISCUIT COTTAGE A front door from the High Street leads to an enclosed Front Entrance Porch with internal door leading to: SITTING ROOM: 17'6" x 15'8" (5.33m x 4.78m) A stylish, rustic room with sash window overlooking the front aspect, fitted shutter blinds, central feature brick fire surround, central heating radiator, recessed ceiling spotlighting, exposed natural timber flooring, doorway through to: KITCHEN/DINING ROOM: 11'10" x 8'9" (3.6m x 2.67m) Comprising single bowl mixer tap sink unit set in a timber work surface with base cupboard and drawer units, integrated oven, microwave, two ring electric hob, space and plumbing for dishwasher, space for tall fridge/freezer, central heating radiator, recessed ceiling spotlighting, walk in Pantry, and door to: SEPARATE WC 5'8" x 3'2" (1.73m x 0.97m) Comprising wc, wash hand basin, central heating radiator, ceiling light point, extractor A stairwell from the Sitting Room leading to: FIRST FLOOR BEDROOM SUITE: 18' x 15'8" (5.49m x 4.78m) Sash window overlooking the village green front aspect, central heating radiator, recessed ceiling spotlighting, ceiling light points, exposed natural timber flooring, and door leading to: ENSUITE BATHROOM: 12' x 10'7" (3.66m x 3.23m) Comprising good sized shower, free standing bath, wc, wash hand basin, ceiling and wall light points, sash window fitted shutter blinds, recessed ceiling spotlighting, extractor, heated towel rail, electric underfloor heating THE SHOP 20'1" x 18'6" (6.12m x 5.64m) The shop is a double fronted lock up shop in a prime central position with adjacent High Street parking and overlooking the village green, surrounded by an abundance of retail outlets, services and hospitality venues.
Set to the rear of the shop is a small storage and changing area with an interconnecting door to the main residence TENURE: Freehold RESIDENTAIL EPC RATING: 53E COMMERCIAL EPC RATING: 68C COUNCIL TAX BAND: B DIRECTIONAL NOTE: The property is situated on the High Street in the centre of Milford village opposite the green Milford on Sea is a thriving coastal village with a comprehensive range of restaurants, pubs and cafes plus a good range of gift and local shops including a greengrocers, butchers and two general stores, plus a medical centre and dental surgery, based around the village green.
The Village Green is home to several events during the year, including an Arts & Music Festival, May Fair, Dog Show and Christmas Carol Service, with the Community Centre and the four village churches running busy programmes throughout the year.
Walks can be enjoyed along the Coastal Path towards Barton-on-Sea and Lymington, with stunning views towards the Isle of Wight and the Needles and westwards to Christchurch Bay, Hengistbury Head and the Purbeck Hills beyond or through sheltered woodland in the Milford-on-Sea Pleasure Grounds and Studland Common, both local Nature Reserves, or around Sturt Pond and along Hurst Shingle Bank to Hurst Castle which dates back to Tudor times.
The New Forest National Park is a short drive away, The New Forest became a national park in 2005 and was once a royal hunting ground for William the Conqueror.
It covers an area of 566 square kilometres and is made up of vast tracts of unspoilt woodland, heathland and river valleys where deer, ponies and cattle continue to roam free in its ancient heaths and woodland.
Clear rivers and shady groves provide tranquillity and a car-free haven for walking, cycling and horse riding.
The towns of Lymington and New Milton are both approximately 3 miles away, with the larger shopping centres of Bournemouth and Southampton approximately equi-distant, about 18 miles away.
British Rail Stations at New Milton and Brockenhurst provide a fast service to London Waterloo, with Bournemouth and Southampton airports easily accessed for domestic and international flights.
and are two excellent websites providing a wealth of local information and news about the village Stamp Duty charges and online calculator-
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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FAQ
About 62-64, High Street, Milford on Sea, Lymington, Hampshire, SO41
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