2-bedroom flat · SO41 9PZ
For saleReduced £30k (−6.3%) on 21 JunListed 216 days
Opportunity summary
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About
Occupying a prime riverside location in a unique position with views of Lymington River and the Isle of Wight within this popular modern development.
The immaculately presented two bedroom apartment further benefits from two ensuite bathrooms, a wonderful east facing balcony with river views, open plan living and private covered parking.
No forward chain. Situation The apartment is located close to the waterfront looking over Lymington River.
The property is situated within level walking distance of the beautiful market town of Lymington, with its cosmopolitan shopping and picturesque harbour within easy reach.
Lymington has a number of independent shops including some designer boutiques and is surrounded by the outstanding natural beauty of the New Forest National Park.
To the north is the New Forest village of Lyndhurst and Junction 1 of the M27, which links to the M3 for access to London.
There is also a branch line train link to Brockenhurst railway station (5.5 miles) which offers a half hourly service to London Waterloo with a journey time of approximately 90 minutes.
The property Completed in 2017, this superb apartment is situated in an exclusive enclave in the prestigious Redrow development and occupies a secure and secluded position accessible via a lift or stairwell to the first floor.
The apartment has been finished to an extremely high specification and there is underfloor heating throughout the property together with a balanced ventilation system with heat recovery to provide a healthy interior climate and optimum comfort level.
The front door opens into a spacious entrance hall from which the accommodation flows through to the contemporary spacious living room.
This sizeable room allows for generous zoned areas with unrivalled river views from the spacious balcony. The kitchen has Siemens appliances including a washer dryer, a dining area and sitting area.
A sliding door leads out onto the decked private balcony which offers views both across to the river.
The principle double bedroom has a wall of fitted wardrobes, en-suite shower room and has a door to the balcony, a good place to sit and have morning coffee with views out towards the river.
Bedroom two is also a good size. The bedroom benefits from a lovely fitted en-suite and fitted wardrobes. There are two useful storage cupboards in the hall.
Outside There are two lovely balconies accessed from both the lounge and second bedroom providing wonderful river views.
There is visitor parking to the front of the building with the added benefit of secure, allocated, under ground parking.
Additional information Tenure: Leasehold Lease Term: 125 years from January 2012 Lease Term Remaining: 110 years Annual Service Charge: Approximately £2,400 Annual Ground Rent: Approximately £300 Annual Ground Rent Increase (%): Tbc Frequency of any increase (the review date): Tbc Utility Supplies: Mains electricity, water & drainage.
The gas supply is via a communal system the supplier of which is contracted by the managing agents. Heat energy is supplied by a communal heat network and is billed by Data Energy.
Bills are based on the amount used by each individual apartment.
Heating: Gas central heating Council Tax - E Energy Performance Rating: C Current: 78 Potential: 78 Broadband: Superfast broadband with speeds of up to 80mbps is available at this property (ofcom) Restrictions: The apartment can only be used for private residential use only.
Not to be used for business purposes or short term lets/holiday lets.
It is not permitted to use the allocated parking space for any large commercial vehicle, caravan, boat trailer, house on wheels or any other apparatus capable of being towed.
Pets considered at the discretion of the managing agents. Parking: One allocated space within a secure covered parking area
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.
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FAQ
About 37, Almansa Way, Lymington
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