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See how verdicts work2-bedroom house · SO41 9PA
Listing removedReduced £4k (−80%) on 21 AugListed 93 daysAuction 2 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £1,000-£5,000 **For Sale By Public Auction 2nd September 2026 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack** A Vacant First Floor Two Bedroom Retirement Flat Tenure Leasehold.
The property is held on a 125 year lease from 1st June 2010 (thus approximately 108 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Grove Gardens are within easy reach. Transport links are provided by Lymington Town rail station.
Description The property comprises a first floor two bedroom retirement flat situated within a purpose built block arranged over ground and two upper floors.
The Development benefits from a waitress service restaurant and 24 hour duty manager.
There is a homeowners lounge, function room, library, laundry room, mobility scooter store, guest suite and two lifts to each floor.
Accommodation First Floor Reception Room Kitchen Two Bedrooms Bathroom WC Exterior The property benefits from communal gardens. Note To be eligible as a resident you must be aged 70 or over.
Please refer to the legal pack for more information on eligibility EPC Rating B Viewing Schedule (No Booking Required) Saturday 29 August 10:00 - 10:30 Tuesday 1 September 12:00 - 12:30 Addendum Please note that this property is subject to a Buyers Premium of £1,200 inc VAT.
This is in addition to the buyer's admin fee of £1,800 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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
Agent & docs
FAQ
About 18 Farringford Court, 1 Avenue Road, Lymington, Hampshire, SO41 9PA
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