2-bedroom flat · SO51 0AX
For saleReduced £10k (−4.3%) on 1 OctListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Michael Rhodes are delighted to bring to the market this spacious two-bedroom first floor apartment, benefiting from two allocated parking spaces and offered for sale with no forward chain.
Location The apartment is situated in a quiet no-through section of Freemantle Road in the popular Abbotswood development on the outskirts of Romsey.
The property is within easy reach of local amenities, including a convenience store, café and nursery, while regular bus services provide easy access into Romsey town centre.
Abbotswood Nature Reserve is also close by, offering a variety of scenic walks and open green spaces to enjoy.
Summary This well-presented first floor apartment offers spacious accommodation extending to approximately 761 sq.ft. And would make an ideal first-time purchase, investment or downsize.
An entrance hall with built-in storage leads to an impressive 23ft open-plan kitchen, living and dining room.
The modern kitchen offers a range of wall and base units with integrated cooking appliances, while French doors open onto a Juliet balcony overlooking the neighbouring green.
The property also benefits from two generous double bedrooms, one with a modern en-suite shower room, together with a contemporary three-piece family bathroom.
Further benefits include two allocated parking spaces. Agents Note Leasehold.
125 Years from 1st August 2012 Service Charge: £1,664.69 Per Annum Ground Rent: Tbc Anti Money Laundering We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
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
Agent & docs
FAQ
About 66, Freemantle Road, Hampshire
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