1-bedroom flat · BH25 6PQ
For saleReduced £6k (−6.3%) on 24 AugListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One double bedroom first floor apartment for the over 55’s situated in A great position close to new milton town centre, offered chain free Accommodation: The main entrance opens into the communal hallway, with lift and stairs to the first floor.
On the ground floor there is a large residents lounge and laundry room. On the first floor the front door opens to the hall with large storage cupboard and airing cupboard.
The double bedroom has built in wardrobes and window overlooking Waverley Road. The 20’ living/dining room has two large windows with an outlook over Waverley Road and Station Road.
Door leads into the kitchen which also has a particularly nice outlook over Station Road and Barton Court Road, with a small breakfast bar to enjoy the view.
The Glowworm gas fired central heating boiler was replaced in 2020 and situated in the kitchen, with a built in hob extractor and oven.
Outside: There are extensive communal gardens all taken care of under the maintenance package, with a pleasant patio area from the residence lounge.
EPC: C, Council tax band: A, Tenure: Original 99 year lease from September 1977 ie 50 years approx remaining.
Note: A house manager is employed by the managing agents and has an office in the building.
There is a 24 hour Careline facility within each flat to give some peace of mind for residents and their relatives.
Maintenance scheduled for 2026 is approximately £197 per month (£2364 per annum) and a £100 ground rent per annum.
Value & comps
No previous sales on record.
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 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
Agent & docs
FAQ
About 16, Waverley House, New Milton
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