1-bedroom house · SO41 8EZ
Sold STCListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
With the benefit of an extended lease, this well presented first floor apartment in this popular development for the over 55’s.
The property itself has good size rooms and electric heating as well as double glazed windows and is situated within a short walk of local shops, bus stops and Lymington is within a mile.
Communal entrance door with buzzer intercom. Lift and stairs to first floor. Communal lounge for all residents to use. Laundry for residents to use.
First floor landing leading to the private front door to apartment with intercom, leading into the entrance hall, with storage and airing cupboard.
Door into the shower room with large fully tiled shower cubicle with electric shower, wash hand basin with hot and cold taps, low level WC, extractor fan, electric heated towel rail, part tiled walls.
Sitting/dining room with TV point, electric heater, window to the side aspect, facing east.
Archway opening through to the kitchen which has a range of floor and wall mounted cupboard and drawer units with inset single bowl sink unit with mixer tap and tiled splashbacks, four ring electric hob with extractor over and electric oven below, space for tall fridge freezer.
Double bedroom with built in double wardrobe with storage cupboards above, electric heater, window to the side aspect.
There is a communal lounge off the main entrance hall on the ground floor for all residents to use, with large TV, electric fireplace, dart board, and many books and activities and double patio doors opening out to the communal gardens, which are mainly laid to lawn with various trees, plants and shrubs and seating for the residents to enjoy.
This delightful property is positioned just a short level walk from Pennington village centre, with the shops at Fox Pond shops on your doorstep, catchment schools and leisure centre.
Woodside Park and the Sea Wall are also within walking distance.
There are good transport links nearby for easy access into Lymington High Street, with its large range of shops and boutiques, supermarkets and restaurants.
The High Street leads to the quaint cobbled street of Quay Hill and the Marinas and Yacht Clubs beyond. There is a train station offering links to London Waterloo.
Tenure: Leasehold Term: Lease extended in 2018 - 158 years now remaining Maintenance & Service Charge - £1,649.62 (payable half yearly) for the period 01.09.26 to 28.02.27 = £3,299.24 per annum.
Ground Rent - £439.39 (payable half yearly) for the period 01.09.2026 to 28.02.2027) = £878.78 per annum Council Tax Band: 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 Milford Road, Pennington, Lymington, SO41
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