House · PO41 0ST
Listing removedListed 177 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A strategically important plot of land that extends to 1.17 acres (0.47hectares) and enjoys road frontage abutting Thorley Main Road and Broad Lane This attractive plot of land is currently mostly permanent pasture and sits amongst the residential dwellings of the village.
Extending to approximately 1.17 acres (0.47hectares), there is direct gate access from the Main Road on the north side.
The land is partially bordered by hedging and fencing along the rear of the houses off Holmfield Road. The western side of the land abuts several gardens.
The land is located on the corner of a crossroads junction with access opposite Hill Place Lane.
The historical harbour town of Yarmouth is just over a mile away offing a range of amenities and two ferry companies delivering a regular service for vehicles and pedestrians to Lymington.
The plot is being sold subject to a 30-year, development overage clause at 20%.
Therefore, 20% of the uplift in value as a result in planning being granted for change of use will be given back to the sellers of the plot. The 30 years would start from the completion date.
Services Available close by. Postcode PO41 0st Viewings All viewings will be strictly by prior arrangement with the sole selling agents. Important Notice 1.
Particulars: These particulars are not an offer or contract, nor part of one.
You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value.
Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3.
Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained.
A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4.
VAT: The VAT position relating to the property may change without notice.
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 Land To The East Of Holmfield Avenue, Main Road, Thorley
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