2-bedroom flat · SO15 1HZ
No longer listedReduced £45 (−3.5%) on 3 OctListed 65 days · slow let
Opportunity summary
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About
This charming, recently redecorated two-bedroom apartment is situated in the desirable Elmfield North Development on Millbrook Road East, within a secure gated development.
Having undergone recent works, the apartment now benefits from new double glazing and electric heating throughout.
The accommodation comprises a spacious entrance hallway leading to a large lounge/diner, a principal bedroom which is double in size, and a second bedroom suitable for a small double or single bed.
There is also a fitted kitchen with a range of wall and floor units, and a three-piece bathroom suite with shower over bath.
Additionally, the property offers off-road parking within the gated grounds on a first-come, first-served basis, as well as access to a woodland walk and beautiful communal gardens.
Available for occupation early October and offered on a furnished or unfurnished basis.
*Please note - the property is currently furnished with two double beds* Security Deposit: £1,557.69 (based on advertised rental price) Holding Deposit: £311.53 (based on advertised rental price) Council Tax Band: A Additional information Materials used in construction: Brick The land is affected by a Tree Preservation Order.
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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
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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 9 Elmfield North Block,, Millbrook Road East, Hampshire
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