We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · SO41 9BA
For saleReduced £30k (−11.8%) on 17 OctListed 127 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A wonderful opportunity to acquire a very well presented spacious two-bedroom, two-bathroom ground floor apartment, located in the heart of Lymington within a short of walk of the high street, train station and town quay.
Also benefiting from low outgoings, private parking and communal gardens.
Situation Applemore House is within an easy short walk of all amenities including Lymington high street, train station, town quay, church and community centre.
The beautiful Georgian market town of Lymington, with its cosmopolitan shopping and picturesque harbour has two large deep water marinas and sailing clubs for which the town has gained its status as a world renowned sailing resort, as well as an open-air seawater bath that was built in 1833.
Lymington has a number of renowned restaurants and designer boutiques and is surrounded by the outstanding natural beauty of the New Forest National Park.
On Saturday, a market is held in the High Street, the origins of which probably date back to the 13th century.
To the north are the New Forest villages of Brockenhurst and Lyndhurst and Junction 1 of the M27 which links to the M3 for access to London.
There is also a branch line train link to Brockenhurst Railway Station (approx. 5.5 miles) which provides a half hourly service to London Waterloo with a journey time of approximately 90 minutes.
The property Built in 2003, this well-presented ground-floor apartment is accessed via a communal entrance hall leading to a private front door.
The accommodation is arranged around a central hallway, which benefits from both a useful coats cupboard and a separate airing cupboard housing the hot water cylinder.
The spacious kitchen overlooks the front of the property and is fitted with a range of wall and base units complemented by generous work surfaces.
It features a double oven with electric hob, space for a fridge-freezer, washing machine and dishwasher, together with ample room for a dining table and chairs.
A modern gas-fired boiler is also located within the kitchen. The bright and welcoming sitting room enjoys a pleasant northerly aspect, providing an attractive and comfortable living space.
There are two well-proportioned double bedrooms, including a principal bedroom with its own en-suite bathroom and built-in airing cupboard.
The second double bedroom is served by a contemporary shower room accessed directly from the hallway. Grounds & gardens There are communal gardens which extend around the apartments.
There is also a private parking space adjacent to the building.
Additional information Tenure: Leasehold Length of Lease: 155 Years from 1st April 2003 Annual Service Charge: Approximately £1322.26 per annum payable every 6 months Annual Ground Rent: £250 per annum for the first 25 years, payable half-yearly in advance on 1 April and 1 October.
Rent review from 1 April 2028.
Council Tax: D EPC - B Current: 81 Potential: 81 Construction: Ground floor flat Utilities: Mains electrics, water and drainage Heating: Gas Central Heating Parking: Allocated space Superfast Broadband of up to 80 Mbps is achievable at the property (Ofcom)
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
.png)
FAQ
About Applemore House, Hillcroft Close, Lymington
Explore nearby