2-bedroom flat · SO51 8PJ
Listing removedListed 103 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious second floor flat situated in the heart of Romsey, in an ideal location close to local amenities and local transport links, with two good size bedrooms, sizeable lounge and an allocated parking space to the rear.
Interior Accomodation The interior accommodation comprises the entrance hall leading to all rooms, including a kitchen with a range of eye and base level units, a tall fridge freezer, washing machine and a cooker with extractor over, the spacious and well-proportioned sitting room, two good size bedrooms, one of which includes a built in wardrobe, and a modern shower room with a large shower cubicle, WC and wash hand basin.
The allocated parking space is situated in the residents car park adjacent to the block.
Location Located in the heart of the town, with a nice outlook over central Romsey, which provides an excellent variety of shops, restaurants and cafes.
Romsey Train Station is within a short walk which provides access to Salisbury/Bath to the west and Southampton/Southampton Parkway to the east.
Access to the M27 is also close at hand which in turn provides further access to other principal areas along the South Coast.
Deposit Alternative This property is available with Flatfair’s No Deposit solution, so you don’t have to pay a traditional deposit.
Instead, you would pay a small check-in fee equal to 28% of a month’s rent (+VAT) – significantly less than a five week deposit.
This fee is non-refundable and is not a deposit so cannot be used towards covering the cost of any future damages that might occur.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Flat 18, Dukes Mill,, Broadwater Road, Hampshire
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