1-bedroom flat · BH24 1FA
Listing removedListed 49 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
BrightWater are delighted to offer this well-presented first-floor one bedroom apartment, situated within a purpose-built residential block on the popular Castlemaine Estate in Ringwood.
The property is conveniently located within walking distance of Ringwood town centre, providing easy access to a good selection of shops, cafés, restaurants and everyday amenities.
Ringwood is a highly sought-after market town, ideally positioned on the edge of the New Forest and offering excellent transport links via the A31 and A338.
The surrounding area provides a wealth of opportunities for walking and outdoor pursuits, whilst Bournemouth and the south coast are also within easy reach.
The apartment is accessed via a communal entrance with an entry phone security system and is offered unfurnished. Further benefits include an allocated parking space and electric heating.
The entrance hallway provides access to all principal rooms and includes an airing cupboard housing the hot water tank.
The lounge/diner is a comfortable reception space with an archway leading through to the kitchen, creating a pleasant open-plan feel.
The kitchen is fitted with a range of units and work surfaces and includes an electric oven and hob.
There is also space and plumbing for a washing machine, together with space for a tall fridge/freezer. 1 Double bedroom The bathroom comprises a bath with shower attachment, wash hand basin and WC.
The property benefits from an allocated parking space and communal garden and is situated within a well-established residential development.
Its convenient location means Ringwood town centre is within comfortable walking distance.
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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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 Charing Close, Ringwood, BH24
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