3-bedroom flat · SO41 3QX
Sold STCListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious three-bedroom ground-floor apartment featuring a bright south-facing living/dining room with patio access, a modern fitted kitchen, principal bedroom with en-suite, built-in wardrobes, and access to attractive communal gardens.
A communal hallway leads to the front door of No 5, which gives access to this three-bedroomed ground floor apartment. The front door opens into the spacious hallway with two storage cupboards.
On the right-hand side a door opens into the sitting room /dining room. This lovely room faces South with French door opening onto a small patio overlooking the beautiful communal gardens.
A feature fireplace surround is fitted with an electric flame-effect fire.
A door leads to the kitchen/breakfast room fitted with a modern range of floor and wall mounted cupboards incorporating Bosch inset four-ring gas hob with air filter canopy above, integrated Bosch electric oven, and stainless steel one-and-half bowl sink unit with mixer taps.
There is also space for a tumble dryer and fridge freezer and space and plumbing for a washing machine and dishwasher.
A wall mounted Vaillant combi gas boiler provides domestic hot water and central heating. There are three bedrooms.
The main bedroom with built in two-door wardrobe enjoys an en-suite shower room with corner shower cubicle, a vanity unit and WC. Bedroom two also has a two-door built-in wardrobe.
Bedroom three, currently used as a study, has a French door opening out onto the communal gardens to the rear.
There is also a family bathroom with suite comprising panelled bath with chrome mixer taps, over-bath shower, vanity unit with mono block tap and WC.
Outside the communal gardens are maintained under contract paid for by the service charge . There is a single allocated garage .
Maintenance amounts to £ 2614 per annum, paid quarterly includes gardening , outside maintenance , building insurance , cleaning of communal areas Share of freehold with Leasehold of: 1000 years from 1977 with 951 years remaining
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
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FAQ
About The Cloisters, Lymington, SO41
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