3-bedroom flat · BH25 6EP
Listing removedReduced £10.1k (−6.7%) on 10 AugListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very spacious three bedroom top floor apartment, in need of modernisation, situated in new milton town centre, offered chain free.
Accommodation: On the ground floor the main entrance with entry phone receiver opens into the communal hallway with flight of stairs leading to the second floor (please note there is not a lift).
The front door to apartment 4 opens into the spacious hallway with coats storage cupboard and with door leading to the bright 26’ living/dining room with patio doors leading to the west facing balcony.
The kitchen is a great size and has room for a breakfast table and has larder cupboard and a window to the side. The gas boiler is also located in the kitchen.
There are three good sized bedrooms with the master bedroom having a built in wardrobe. The wet room has a shower with easy access, WC and wash hand basin.
Outside: There is a garage in a block to the rear with vehicle access off of Osborne Road. The large communal grounds surrounding Richmond Court are all taken care of under the maintenance package.
Tenure: Leasehold 45 years remaining until 2071, EPC: D, Last annual maintenance £2080 per annum, Ground rent £45
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.
Area
Agent & docs
FAQ
About 4 Richmond Court,, Spencer Road, New Milton
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