3-bedroom semi-detached house · SO41 8DX
Sold STCListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-presented three-bedroom semi-detached home, built in 2006 and situated in a popular residential area of Pennington, conveniently located within walking distance of local shops, schools and Recreation Centre.
The property offers off-road parking, a garage and a generous rear garden.
The house is entered via a welcoming entrance hall with tiled flooring, there is a cloakroom with WC and wash hand basin and stairs rising to the first floor.
To the front of the property, the kitchen/dining room features a bay window and is fitted with a range of light oak units, along with a built-in range-style cooker with extractor over.
There is also space for a table, and space for appliances including a dishwasher, washing machine, fridge and freezer.
To the rear, the living room enjoys oak flooring and a contemporary fireplace, with French doors opening through to a conservatory.
This provides a bright and versatile additional reception space, with direct access to the garden. On the first floor, the main bedroom benefits from a built-in wardrobe and an en suite shower room.
There are two further bedrooms, one double and one single. These are served by a modern family bathroom fitted with a bath and shower over, WC and wash hand basin, complimented by coordinated tiling.
Outside, to the front of the property a right of way is gained over a gravel drive belonging to the neighbouring property, to parking for three cars with an EV charging point and a detached garage.
There is also an area of lawned garden. The rear garden enjoys a westerly aspect and offers a good degree of space, with an area of lawn and a patio ideal for outdoor seating.
A detached garden room provides a useful addition, suitable for a home office or hobbies.
Lymington's closest neighbour leads to the picturesque salt marshes on the Solent shore to the South and backs on to the New Forest National Park to the north.
One mile from Lymington High Street, Pennington village offers schools for all ages.
Pennington has all of the essentials you could need, including Tesco Express, a fishmonger variety of takeaway food outlets and Inns.
Pennington also offers a number of quiet country lanes an historic public common (included in the National Park) along with a sports centre for the more strenuous activities.
The catholic primary school has just been rated in the top 2% of primaries in England.
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 South Street, Pennington, Lymington, SO41
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