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See how verdicts work1-bedroom property · SO42 7QX
For saleReduced £20k (−28.6%) on 25 OctListed 460 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well presented one bedroom first floor retirement is offered for sale chain free, enjoys lovely views over the communal gardens and is located in the heart of Brockenhurst village centre, within a short walk to local shops, amenities and and bus stops.
Communal front door with entry phone system, leading into the communal entrance hall. Communal lounge, laundry room and guest suite available for visitors. Stairs and lift to all floors.
First floor landing with front door leading into the flat. Entrance hall with large walk-in storage cupboard.
She shower room has been re-fitted with an easy access double shower, WC, pedestal wash hand basin, extractor fan and fully tiled walls. Living/dining room with lovely views over the communal garden.
Due to the angle of the block, the flat retains a high level of privacy. The kitchenette is practically located off the lounge and is modern in design.
The double bedroom offers a lot of space and can easily house a double bed and has ample space for essential bedroom furniture.
At the other end of the hallway is a large storage cupboard, ideal for day to day essentials.
The property enjoys a fantastic position being ideally located within yards of the centre of Brockenhurst Village and a good selection of boutique shops, everyday stores, cafes and restaurants catering for everyday needs.
The mainline railway station is within easy reach offering direct links to Southampton Central, Winchester and London Waterloo.
The picturesque village of Beaulieu lies 7 miles to the East with the marina of Bucklers Hard on the Beaulieu River.
Approximately 4 miles to the south is the Georgian market town of Lymington, with its extensive yachting facilities, ferry service to Yarmouth, Isle of Wight and its famous Saturday market.
To the North is the village of Lyndhurst and Junction 1 of the M27 motorway, which links to the M3 giving access to London.
The village of Brockenhurst has a diverse range of social events and has a real community spirit with all the latest events posted in Facebook group and the village notice board to the left of Tesco’s.
The development offers a number of perks for residents. There is a on-site manager during weekday working hours. Out of hours there is an Opella Care Line System.
This makes for an unrivalled level of secure living in the local area, whilst maintaining the independence of property owners.
On the ground floor is a residents lounge and this is the social hub of the development, with a range of seating and a bar.
The development operates a communal laundry and this is very practical, maximising kitchen space.
Externally there is an attractive communal garden and grounds surround the development, on a sunny day, residents actively take on roles within the garden and can be seen on a daily basis, reinforcing the community feel on offer.
Tenure: Leasehold with 57 years remaining.
An extension is possible under separate negotiation Ground Rent: £884.68 per annum (£442.34 payable half yearly) Service Charge & Maintenance: £1470.67 per annum (£2941.34 payable half yearly) Council Tax Band: B
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Grigg Lane, Brockenhurst, SO42
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