1-bedroom flat · SO45 6EE
For saleListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the ever popular Homeborough House in Hythe comes this one bedroom FIRST FLOOR RETIREMENT APARTMENT.
Available for the over 60's the property boasts internal accommodation comprising of entrance hall, lounge, kitchen, bedroom and shower room.
Communal facilities include a residents lounge, refuse room and laundry room with washing machines and tumble dryers. Externally the site features parking and communal grounds with a drying area.
Accommodation Communal Entrance Area with lift to first floor.
Entrance Hall Lounge 15' x 10'6" 4.57m x 3.20m Kitchen 7'3" x 5'4" 2.21m x 1.62m Bedroom 11'3" x 8'7" 3.43m x 2.62m Shower Room Communal Facilities Includes residents lounge, WC, refuse room, laundry with washing machine and tumble dryers, gardens with drying areas.
Tenure Leasehold with the ground rent and annual service charge amounting to approximately £5,500 per annum. The term is the remainder of a 99 year lease that was granted in 1984.
The full lease details will need to be verified by the buyers lawyer.
Communal Grounds and Gardens There are parking spaces on site but very limited so please discuss with us before travelling a distance to view. Council Tax Band B New Forest District Council.
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.
Area
Agent & docs
FAQ
About Homeborough House, Brinton Lane, Hythe, Southampton, Hampshire, SO45
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