2-bedroom flat · SO41 8JN
Sold STCListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious, larger than average, two bedroom, two bathroom second floor apartment also benefits from two reception rooms.
Situated in a sought after retirement development with excellent communal facilities, conveniently located at one end of Lymington High street close to Waitrose and M&S Food Hall.
Exclusively available to the over 60s. The front entrance door opens to the hall. The spacious living room leads to a separate dining room with Velux windows.
The kitchen is fitted with a modern range of cabinets with an integrated oven and hob and space for further appliances. Bedroom one is a double bedroom its own en suite shower room.
Bedroom two is also a double room and is served by the main bathroom. Outside: There are maintained gardens for residents to enjoy and parking available by arrangement.
There is also further visitors’ parking a residents’ lounge and laundry room. There is a House Manager available from Monday to Friday, there is also a 24 hour emergency careline.
Lease: 125 years from 1993 Ground rent: £580.00 pa. Service charge: £3996.pa.
includes buildings' insurance, water rate, TV license, exterior window cleaning, maintenance and cleaning of communal areas.
Lymington offers an extensive range of shops from large household names such as Marks & Spencer and Waitrose to independent boutiques, coffee shops, restaurants, pubs and tea rooms.
There are also a variety of hair salons and beauticians to choose from.
Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond.
Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches.
Being so close to the New Forest it also offers the perfect location for those who enjoy horse riding, walking and cycling.
The town offers a nine-hole golf course, rowing club, community centre, library, small cinema, bowls club and tennis club.
Lymington Recreation Centre offers an indoor 25m swimming pool and many fitness classes, whilst during the summer months there is an outdoor seawater baths next to the River with a hundred years of heritage.
There is also a Cricket Club, Football and Rugby Clubs, Skateboard Park and children's play areas.
From a more practical view Lymington also offers churches of all faiths, infant, junior and secondary schools all within walking distance of the town.
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 Anchorage Way, Lymington, Hampshire, SO41
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