2-bedroom property · SO41 9AX
For saleListed 440 days
Opportunity summary
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About
**TWO BEDROOM RETIREMENT APARTMENT** Churchill Sales & Lettings are delighted to be marketing this lovely two bedroom, dual aspect second floor apartment overlooking the communal gardens at the front and side, enjoying views over the surrounding area.
The property is conveniently located for the lift and is presented in good order throughout.
Each room has a modern electric wall heater which can be regulated individually, both manually and remotely with an Internet link.
The Living Room offers ample space for living and dining room furniture and has a feature electric fireplace with attractive surround.
The Kitchen is accessed via the Living Room and offers a range of eye and base level units with working surfaces over and tiled splashbacks.
There is a built in waist height oven, 4 ring ceramic hob with extractor hood over, a fridge and a freezer. There is also a built-in fan heater in the plinth to provide supplementary heating.
A window allows for light and ventilation. Bedroom One is a generous double room with a built-in mirrored wardrobe.
There is plenty of space for additional furniture if required and a window keeps this lovely bedroom bright and light.
Bedroom Two is another good sized double that could also be used as a separate Living Room, Study or Hobby Room.
The Bathroom has a full-sized bath tub with overhead shower, a shower screen, handrails, heated towel rail, a WC and wash hand basin with vanity unit beneath.
Perfectly complementing this wonderful apartment are two useful storage cupboards located in the hallway. Call us today to book your viewing at Andrews Lodge!
Andrews Lodge is a prestigious development of 35 one and two bedroom retirement apartments, which is well located on a level walk to the bustling town centre.
Lymington Town train station and public Bus services operate frequent transport links within the town and surrounding areas. Lymington Pier also provides a daily ferry service to the Isle of Wight.
The Lodge manager is on hand throughout the day to support the Owners and keep the development in perfect shape as well as arranging many regular events in the Owners’ Lounge from coffee mornings to games afternoons.
There is also a Laundry Room with washing machines, tumble dryers and ironing facilities for the Owners use and a private carpark. A Guest Suite is available for your friends and family to stay in.
In addition, you are entitled to use of the Guest Suites at all Churchill Living developments across the country. Prices are available from the Lodge Manager.
Andrews Lodge has been designed with safety and security at the forefront.
The apartment has an emergency Careline system installed, monitored by the onsite Lodge Manager during the day and 24 hours, 365 days a year by the Careline team.
A Careline integrated intruder alarm, secure video entry system and sophisticated fire and smoke detection systems throughout both the apartment and communal areas provide unrivalled peace of mind.
Andrews Lodge is managed by the award-winning Churchill Estates Management, working closely with Churchill Living and Churchill Sales & Lettings to maintain the highest standards of maintenance and service for every lodge and owner.
Andrews Lodge requires at least one apartment resident to be over the age of 60 with any second resident over the age of 55. Service Charge (Year ending 31st August 2026): £4,183.81 per annum.
Ground rent: £975.36 per annum. To be reviewed September 2032. Council Tax: Band D 125 lease years commencing 2004 Please check regarding Pets with Churchill Estates Management.
Any consents given in relation to pets are subject to the terms of the lease and any further rules and regulations made by Churchill Estates Management.
Service charges include: Careline system, buildings insurance, water and sewerage rates, communal cleaning, air source heating, utilities and maintenance, garden maintenance, lift maintenance, lodge manager and a contribution to the contingency fund.
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.
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FAQ
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