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See how verdicts work2-bedroom flat · SO41 9PA
For saleListed 39 days
Opportunity summary
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About
A well-proportioned two-bedroom first-floor retirement apartment, offering a bright and airy dual-aspect reception room that benefits from an abundance of natural light.
Set within the sought-after Farringford Court, this property provides a comfortable and secure living environment, tailored for those aged 70 and over who wish to maintain independence while having access to additional care and support if needed.
Farringford Court is a Retirement Living Plus development (formerly Assisted Living), built by McCarthy & Stone to offer a blend of independent living with the reassurance of on-site support.
Managed by an on-site Estate Manager, the development provides a safe and well-maintained environment with excellent communal facilities.
Each apartment is thoughtfully designed with: A 24-hour emergency call system, with a personal pendant alarm and call points in the bathroom Residents at Farringford Court enjoy access to a variety of high-quality facilities, including: On-site restaurant with waitress service Homeowners’ lounge and function room Library and laundry room Mobility scooter storage Guest suite for visiting family and friends Two lifts serving all floors 24-hour duty manager for added peace of mind Each resident benefits from one hour of domestic support per week, included in the service charge, with additional care packages available at an extra cost.
These services can be tailored to individual needs, starting from as little as 15 minutes per session. Please note: All residents must be 70 years or older.
The welcoming entrance hall provides ample storage and leads to all main rooms, there is a 24-hour Tunstall emergency response pull cord system.
The spacious dual aspect lounge/dining area, has a fire surround with electric fire.
The fully fitted kitchen offers modern cabinetry and co-ordinated work surfaces, built in electric oven and ceramic hob with extractor hood, integrated fridge/freezer and electric window for ease of operation.
The Master Bedroom is generously sized with a built-in mirror-fronted wardrobe.
The Second Bedroom is a versatile second double bedroom, perfect for use as a guest room, study, or hobby space and includes a built-in wardrobe.
The modern bathroom is well-equipped with a bath and walk-in level-access shower along with a WC and vanity unit with sink and mirror above, grab rails and non-slip flooring and an emergency pull cord.
There is also a convenient additional WC, ideal for guests.
Lease & Ground Rent Information Lease Length: 125 years from June 2010 Ground Rent: £510 per annum Ground Rent Review Date: June 2025 Parking (Permit Scheme).
Allocated parking available, subject to availability. Annual fee approximately £250 (varies by development). Spaces allocated on a first-come, first-served basis.
Please check with the House Manager for current availability.
Service Charge Breakdown (£15,132.26 per annum – up to 31/03/2025) the service charge covers: Estate Manager overseeing day-to-day operations, cqc-registered care staff on-site 24/7,1 hour of domestic support per week, 24-hour emergency call system, Monitored fire alarms & secure door entry system, Lifts servicing all floors, Heating and lighting in communal areas, Daily cleaning of communal areas & window cleaning, Landscaped garden maintenance, Repairs & maintenance of communal areas, Contingency fund for future redecoration & refurbishment, Buildings insurance, water & sewerage rates.
Please note: The service charge does not include Council Tax, personal electricity, or TV licensing.
Additional Property Information Superfast Fibre Broadband available Mains water and electricity Electric room heating Mains drainage 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
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Returns
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Archie refurb estimate: a Pro feature
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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.
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FAQ
About 23 Farringford Court,, Avenue Road, Hampshire
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