1-bedroom property · SO41 3NR
Listing removedListed 260 days
Opportunity summary
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About
This one bedroom ground floor retirement apartment has a spacious sitting room and a conservatory which overlooks and gives access to the attractive communal gardens.
Exclusively for the over 55's, Pyrford Gardens is a well established and highly regarded complex, benefiting from the services of an on-site House Manager and being within easy reach of Lymington High Street.
The communal entrance hall gives access to the private front door which opens into the hall where there is coat hanging space.
To the right of the hall, a door leads into the spacious and bright sitting room which enjoys a window to the side and a door to the conservatory which in turn overlooks and has access to the well-kept communal gardens.
At the other end of the sitting room, a door opens into the kitchen which is fitted with a range of floor and wall mounted units incorporating a stainless steel sink, Neff four ring electric hob with extractor over, Neff single oven, fridge and space/plumbing for a washing machine.
The double bedroom benefits from a range of built-in wardrobes and overlooks the attractive communal gardens. The modern bathroom comprises a large walk-in shower, wash basin and WC.
Communal facilities include attractive gardens, parking, a lounge and a separate laundry room, as well as a guest suite and an on-site House Manager.
Pyrford Gardens is a peaceful village-like complex and is within easy reach of Lymington High Street and Woodside Gardens.
DIRECTIONS From our office in the High Street proceed into St Thomas Street and immediately before the one way system turn left into Belmore Lane.
Continue along Belmore Lane where the entrance to Pyrford Gardens will be seen on the left hand side just after the turning to Daniells Walk.
Continue into Pyrford Gardens where the property will be found. SERVICES Mains water, electricity and drainage are connected to the property. The central heating is electric.
TENURE Leasehold - 99 years from 29th September 1989 MAINTENANCE Jan-Dec 2024 - £260 per month (£3,120 per annum) including the House Manager, buildings insurance, maintenance of the communal gardens, emergency alarms, window cleaning, communal area heating and lighting.
GROUND RENT £37.50 payable every 6 months WATER RATES Each property has its own water meter TAX BAND C (£1,962.52 approx. - 2024/2025) EPC RATING C
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
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FAQ
About Pyrford Gardens, Belmore Lane, Lymington, Hampshire
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