2-bedroom flat · BH25 6HX
No longer listedListed 53 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bed ground floor over 55s retirement apartment with a light and bright dual aspect living room.
An archway leads to the modern kitchen which has the benefit of a window, fitted units and spaces for a freestanding cooker and fridge/freezer.
The bedroom includes fitted wardrobes and the bathroom has a white low level suite with shower cubicle.
Conveniently located, Homemill House is in the ideal location for those who want the benefit of town centre amenities on their doorstep.
Peace of mind that the 24 hour careline alarm service and on site manager is there to help if required.
There are opportunities to socialise with other residents in the communal lounge for coffee mornings or simply enjoy the lovely roof terrace.
The development guest suite is available for visiting family and friends.
New Milton is a thriving town which serves a scattered population of both young and retired persons and offers excellent shopping facilities. There is a mainline station to Waterloo.
The New Forest is within 2 miles, as is the sea front at Barton-On-Sea.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 1a Homemill House, Station Road, New Milton
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