1-bedroom flat · SO41 8EZ
Listing removedListed 122 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom over 55s retirement apartment situated on the first floor.
The property benefits from a bright lounge which has an archway leading to the fitted kitchen which has a range of wall and base units, also space for a freestanding cooker and fridge/freezer.
The double bedroom includes a built in good size wardrobe and the bathroom has a white suite including a walk in shower.
Homewood House comprises 47 properties arranged over 3 floors and is within walking distance of the bus stop and the local convenience shop.
Lymington on the west bank of the Lymington River is a port on the Solent, in the New Forest district. The town has a large tourist industry, based on proximity to the New Forest and the harbour.
It's a major yachting centre with 3 marinas. The town has many shops and there is a local market every Saturday. The A337 links Lymington to Lyndhurst and the M27 to the north and New Milton.
My Future Living properties are available on long term rental contracts which give you the peace of mind, knowing you can stay in your home as long as you wish.
Speak to one our lettings team for details. *Service charge and ground rent is paid by the landlord (in most cases the service charge includes water rates).
*Please note, furniture/electrical appliances maybe removed prior to a tenancy commencing and will not form part of the tenancy.
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
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 39, Homewood House, Milford Road, Pennington, Lymington
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