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See how verdicts work3-bedroom flat · SO41 0PT
Listing removedListed 74 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious penthouse style ground floor three bedroom seafront apartment with panoramic sea views towards the clifftop, needles and christchurch bay within walking distance of the village, no forward chain Accommodation A ground floor apartment with security communal front entrance, lift and stairs to all floors, and a personal front door leading to: Entrance hall Central heating radiator, recessed ceiling spotlighting, cupboard, airing cupboard, doors leading to: Sitting/dining room: 21'1" x 20'1" (6.43m x 6.12m) Stunning views of the Isle of Wight and the Needles to the South, Christchurch Bay and the Purbecks to the West, two full height double glazed UPVC windows, central heating radiators, recessed ceiling spotlighting, fitted base level storage unit, glazed door leading to: Kitchen: 13'11" x 9' (4.24m x 2.74m) Westerly aspect to the Purbecks, double glazed UPVC window, sink unit set in a work surface with a range of base cupboard and drawer units and matching eye level cupboard units, integrated fridge/freezer, double oven, dishwasher, washing machine, electric hob with extractor over, work surface lighting, central heating radiator, recessed ceiling spotlighting bedroom one: 15'3" x 14' (4.65m x 4.27m) Fantastic view of the Isle of Wight and Needles, double glazed UPVC full height window, ceiling light point, central heating radiator, double built in wardrobe and door leading to: En-suite shower room Shower, vanity wash hand basin with mirror/light over, wc, heated towel rail, fully tiled floor and walls bedroom two: 13'2" x 10'4" (4.01m x 3.15m) Double glazed aluminium framed window overlooking the rear communal gardens, ceiling light point, central heating radiator, and double built in wardrobe bedroom three: 13'1" x 10'3" (4m x 3.12m) maximum measurements Double glazed aluminium framed full height window overlooking the rear communal gardens, ceiling light point, double built in wardrobe, fitted bookcase, central heating radiator and cupboard housing the gas fired central heating boiler Family bathroom Comprising vanity wash hand basin with mirror/light over, bath, shower, wc, heated towel rail, recessed ceiling spotlighting, fully tiled floor and walls From the Entrance Hall UPVC double glazed sliding patio door leads out on to a south west facing sun patio, plenty of space for casual outside furniture and furnishings and 180 degree uninterrupted panoramic view across to the Isle of Wight and Needles, and the Purbecks to the west Outside Well maintained communal grounds to the southerly aspect and seafront facing vista with an area of casual parking available to the rear Garage In a block, up and over door, light and power connected maintenance: £955 per quarter to include insurance of the building structure, maintenance and upkeep of the communal areas and garden, lift maintenance and cleaning of the communal areas, water rates and exterior window cleaning tenure: The residents collectively own an equal share of the Freehold interest with an overriding lease that was extended to 999 years in 2017 EPC rating: 68D council tax band: E directional note: From the village green in the centre of Milford-on-Sea, proceed in a westerly direction along the High Street, joining Park Lane (B3058) after crossing Milford Bridge.
On reaching the cliff top and passing the Beach House Hotel on the left, turn right into De La Warr Road, and immediately first right into the entrance of Richmond Court Milford and local area Milford on Sea is a thriving coastal village with a comprehensive range of restaurants, pubs and cafes plus a good range of gift and local shops including a butchers and two general stores plus a medical centre and dental surgery, based around the village green.
The Village Green is home to several events during the year, including an Arts & Music Festival, May Fair and Christmas Carol Service, with the Community Centre and the four village churches running busy programmes throughout the year.
Walks can be enjoyed along the Coastal Path towards Barton-on-Sea and Lymington, with stunning views towards the Isle of Wight and the Needles and westwards to Christchurch Bay, Hengistbury Head and the Purbeck Hills beyond or through sheltered woodland in the Milford-on-Sea Pleasure Grounds and Studland Common, both local Nature Reserves, or around Sturt Pond and along Hurst Shingle Bank to Hurst Castle which dates back to Tudor times.
The New Forest National Park is a short drive away, The New Forest became a national park in 2005 and was once a royal hunting ground for William the Conqueror.
It covers an area of 566 square kilometres and is made up of vast tracts of unspoilt woodland, heathland and river valleys where deer, ponies and cattle continue to roam free in its ancient heaths and woodland.
Clear rivers and shady groves provide tranquillity and a car-free haven for walking, cycling and horse riding.
The towns of Lymington and New Milton are both approximately 3 miles away, with the larger shopping centres of Bournemouth and Southampton approximately equi-distant, about 18 miles away.
British Rail Stations at New Milton and Brockenhurst provide a fast service to London Waterloo, with Bournemouth and Southampton airports easily accessed for domestic and international flights and are two excellent websites providing a wealth of local information and news about the village For Council Tax information, please contact or visit
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.
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FAQ
About Flat 16, Richmond Court,, Park Lane, Lymington
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