2-bedroom flat · SO41 9HH
Sold STCListed 222 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern two bedroom first floor apartment is ideally situated in a sought-after location, close to Waitrose and within walking distance of the High Street .
From the communal hallway, stairs lead to the first floor where the front door of the apartment opens into an entrance hall with a storage cupboard and an airing cupboard.
The open-plan living room features French doors leading to a small covered balcony and is separated from the kitchen by a breakfast bar.
The well-equipped kitchen includes an integrated oven and hob, a range of cabinets and space for other appliances. The apartment offers two bedrooms that share a modern shower room.
Outside, there are communal gardens, on the south and west side of the building, an allocated parking space, visitor parking, and an external cycle store and refuse store.
Lease: 125 years from 2013 Service charge: £1244.73 per annum. Ground rent: £175 per annum.
Lymington offers an extensive range of shops from large household names such as Marks & Spencer and Waitrose to independent boutiques, coffee shops, restaurants, pubs and tea rooms.
There are also a variety of hair salons and beauticians to choose from.
Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond.
Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches.
Being so close to the New Forest it also offers the perfect location for those who enjoy horse riding, walking and cycling.
The town offers a nine-hole golf course, rowing club, community centre, library, small cinema, bowls club and tennis club.
Lymington Recreation Centre offers an indoor 25m swimming pool and many fitness classes, whilst during the summer months there is an outdoor seawater baths next to the River with a hundred years of heritage.
There is also a Cricket Club, Football and Rugby Clubs, Skateboard Park and children's play areas.
From a more practical view Lymington also offers churches of all faiths, infant, junior and secondary schools all within walking distance of the town.
Value & comps
No previous sales on record.
Returns
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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 Eastern Road, Lymington, Hampshire, SO41
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