1-bedroom house · SO41 9NA
For saleListed 258 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-located premises for sale in Lymington, situated next to Marks and Spencer, offers a generous retail space measuring approximately 570 square feet, with a separate entrance to the first floor.
The property benefits from a courtyard to the rear and a roof garden. There is potential for the upstairs to be converted to a flat, subject to pp.
No Hot Food or Alcohol sales are permitted from this shop. Upon entering the property, you are greeted with a separate entrance leading directly into the ground-floor retail area.
The shop has a large display window to the front, providing excellent visibility, and a door at the rear opens onto a small courtyard with a footpath to Wykeham Place.
There is also a door leading to a separate office area, which offers a quiet workspace away from the main retail space. From the office, a further door leads into the cloakroom with WC.
In the entrance area there is potential for a separate door to lead to a hallway with stairs that ascend to the first-floor office/store room. This space has French doors that open onto a roof garden.
The first floor also connects to two additional store areas, one of which leads to a small kitchen and a cloakroom with WC.
Previously, planning permission had been granted to convert the first floor into a self-contained flat, although this permission has now lapsed.
With its prime location and versatile space, this property offers great potential for a variety of uses, whether for retail, office, or a mixed-use development (subject to planning permission).
Current rateable value £8,500.
Lymington offers an extensive range of shops from large household names such as Marks & Spencer and Waitrose to independent boutiques, coffee shops, restaurants, pubs and tea rooms.
There are also a variety of hair salons and beauticians to choose from.
Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond.
Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches.
Being so close to the New Forest it also offers the perfect location for those who enjoy horse riding, walking and cycling.
The town offers a nine-hole golf course, rowing club, community centre, library, small cinema, bowls club and tennis club.
Lymington Recreation Centre offers an indoor 25m swimming pool and many fitness classes, whilst during the summer months there is an outdoor seawater baths next to the River with a hundred years of heritage.
There is also a Cricket Club, Football and Rugby Clubs, Skateboard Park and children's play areas.
From a more practical view Lymington also offers churches of all faiths, infant, junior and secondary schools all within walking distance of the town.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 St Thomas Street, Lymington, Hampshire, SO41
Explore nearby