1-bedroom flat · SO41 9AL
Listing removedReduced £10k (−4.2%) on 21 JunListed 248 days
Opportunity summary
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About
A very spacious and well proportioned one bedroom, purpose built first floor apartment apartment located in an art -deco building occupying a prime position on Lymington High Street, close to superb sailing facilities with some far reaching views to the Isle of Wight and private allocated parking.
No chain. Epr: D The apartment sits in the heart of the beautiful Georgian market town of Lymington with its cosmopolitan shopping and picturesque harbour.
Within walking distance are the two large deep water marinas and sailing clubs for which the town has gained its status as a world renowned sailing resort, as well as an open-air seawater bath that was built in 1833.
Lymington has a number of independent shops including some designer boutiques and is surrounded by the outstanding natural beauty of the New Forest National Park.
On Saturday, a market is held in the High Street, the origins of which probably date back to the 13th century.
To the north is the New Forest village of Lyndhurst and Junction 1 of the M27 which links to the M3 for access to London.
There is also a branch line train link to Brockenhurst Railway Station (approx. 5.5 miles) which gives direct access to London Waterloo in approximately 90 minutes.
Stairs rise from the courtyard parking area to the first floor covered porchway and door to apartment 5.
The property sits on the first floor of the building and as a result offers light and bright accommodation ideally located above the High Street.
The hallway opens in to the spacious south facing lounge with beautiful views across the rooftops to the Western Solent and the Isle of Wight.
The room has a wonderful Art Deco bow window which allows the natural light to flood the room and provide a perfect vantage point to watch the comings and goings in the High Street below.
The lounge has a large opening to the kitchen that provides a wonderful vista from the kitchen and between the two rooms.
The kitchen is newly fitted and has a range of fitted units and worktops with an integral oven and gas hob, fridge/freezer and washer/dryer.
The hallway with hand built bespoke cupboard units continues to the back of the apartment to the spacious principal bedroom with window to the rear.
The lovely contemporary bathroom suite with shower over the bath completes the accommodation. There is a private parking space in a courtyard to the rear of the property.
Additional Information Tenure: Leasehold Lease Term: 198 years from 24th June 1988 Lease Term Remaining: 160 years Ground Rent: £150 per annum Service Charge: The service charge amount changes annually.
The management company is owned by the flat owners, each year the owners decide upon which maintenance to carry out etc. Last year the cost was £758.00.
Council Tax Band: C Energy Performance Rating: D Current: 68 Potential: 73 Property Construction: Standard construction Conservation Area: Lymington Flood Risk: Very low Services: Mains gas, electric, water & drainage Heating: Gas central heating Broadband: Fftc Parking: 1x allocated parking space Agents Note: Within the past 4-5 years, the current vendors have put in a new bathroom, new kitchen, including all new integrated appliances, new boiler and new carpet and flooring.
The property has been a successful rental property, currently achieving £975pcm
Value & comps
No previous sales on record.
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 Flat 5, 76, High Street, Lymington
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