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See how verdicts work2-bedroom semi-detached house · SO41 9DB
For saleReduced £24.9k (−6.2%) on 23 SepListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Brimming with charm and character, this cosy two bedroom, two bathroom cottage provides a fabulous open-plan kitchen/family room, as well as a separate sitting room and a private rear garden which features two cabins, both of which have power/light and underfloor heating connected.
The cottage is ideally situated, being within walking distance of the train station, Quay and High Street.
The ground floor The side front door leads into the open-plan family room which enjoys a feature fireplace fitted with a large Clearview wood burning stove.
This then flows through to the kitchen which is fitted with a range of floor and wall mounted units incorporating a peninsula breakfast bar, space for a range style cooker with an extractor above, Butler sink with water softener beneath, dishwasher and a pull-out larder cupboard.
The conservatory dining area has a door giving access to the rear garden.
Leading off to the rear of the kitchen is the utility room which is fitted with a range of units incorporating a sink and having space/plumbing for a washing machine and there is a half glazed door to the garden.
The wall mounted Glow Worm boiler provides domestic hot water and central heating. There is also a cloakroom.
From the family room, a door opens into the cosy sitting room which has an open fireplace with fitted bookshelves and storage on either side and a window to the front.
The first floor The oak staircase leads up to the small landing were there are two double bedrooms; the main bedroom is situated to the rear and has a fitted triple wardrobe together with a window overlooking the rear garden and an en suite bathroom.
Bedroom two is situated to the front of the cottage and has a fitted wardrobe as well as an en suite shower room. There is also an access hatchway to the boarded roof space.
Outside The property is approached from Waterloo Road and there is a parking area to the front.
The pretty rear garden has an area of patio adjacent to the kitchen/family room and this gives access to the first of two cabins which has power, light and underfloor heating.
A paved path then leads to the rear of the garden where there is a further cabin/home office which is fitted with a range of shelving and has power/light, underfloor heating and wired broadband connected.
Services All mains services are connected to the property Tenure Freehold Tax band C (£2,063.82 approx. - 2025/2026) EPC rating D
Value & comps
No previous sales on record.
Returns
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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 Mariner's Cottage, 24, Waterloo Road, Lymington
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