2-bedroom flat · SO41 0AA
Listing removedListed 111 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built two bedroom first floor apartment, set in a gated development of eight properties in the village of Hordle. Chain free.
Communal entrance with security entry phone, stairs to first floor, front door to: Entrance Hall Built in coats/storage cupboard, tiled flooring, security entry phone, hatch to loft space.
Sitting/Dining Room 17'5" x 13'1" (5.3m x 4m) Bay window to front.
Through to: Kitchen 8'10" x 6' (2.7m x 1.83m) Being part tiled comprising single bowl single drainer sink unit with mixer taps, range of work surface with drawers and cupboards below, inset four ring electric hob with built in oven/grill unit below, extractor hood over.
Space and plumbing for washing machine, built iin fridge and freezer, range of matching wall mounted units, Vaillant wall mounted gas fired central heating boiler, tiled flooring, window to front.
Bedroom One 13'6" x 8'11" (4.11m x 2.72m) Window to rear.
Bedroom Two 9'9" x 6'2" (2.97m x 1.88m) Bathroom Being part tiled comprising sink unit with mixer tap, low level w.c., bath with mixer taps and separate shower over, tiled flooring, heated towel rail.
Outside Argyle Court is a gated development with electronically operated gates leading to the rear of the property, giving access to an allocated parking space.
Tenure We understand the tenure is leasehold with the remainder of a 99 year lease commencing in 2004. There is an annual maintenance charge plus ground rent payable.
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 Flat 4, Argyle Court, 8, Ashley Lane, Lymington
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