2-bedroom flat · BH24 3FR
Listing removedReduced £5k (−2%) on 24 JulListed 355 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An incredibly popular and convenient position and lovely open views, are just a few features of this beautifully presented first floor apartment that benefits from low overheads and the residue of a 150 year lease..
Completed in 2019 by renowned local developers Linden Homes, this fine home is thoughtfully designed to maximise the space available, successfully creating the ideal blend of stylish open plan living and sensible bedroom sizes.
Both bedrooms are generous doubles with the primary bedroom having its own private en-suite shower room and built-in wardrobes.
The heart of this fine home is its flowing open plan sitting/living room and kitchen. This bright and sociable space enjoys a dual-aspect and lovely views over the green to the side.
The kitchen area has been fitted in a range of sleek gloss fronted units with contrasting worktops and driftwood style flooring.
The property further benefits from gas central heating, double glazing, plenty of very useful storage (2 large cupboards), a contemporary style family bathroom, the residue of a 10 year guarantee (expires 2028) and security entry phone system.
Outside are well-tended communal grounds, two allocated parking space and provision for communal visitor parking too. Ground Rent £160 P/A Maintenance £922.33 P/A Building Ins £136.56 P/A
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 41 Narrowleaf Drive, Ringwood
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