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See how verdicts work2-bedroom flat · BH24 1JH
Sold STCListed 262 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gordon Barker has the pleasure in offering FOR SALE this immaculately presented 2 double bedroom, 2 bathroom, ground floor apartment located in Ringwood.
Within easy walking distance of town centre, schools, shops, pubs, coffee shops and easy access to A31 for travelling to all local areas.
Ringwood is a small market town situated on the edge of the New Forest with great transport links to Bournemouth, Wimborne, Southampton and Winchester as well as easy travel to Bransgore, Burley & Christchurch.
It has excellent schools, a vibrant high street and offers interest for all ages. The apartment is located at the rear of the building with its own direct access into the property.
It offers additional outside storage and allocated off road parking to the rear of the property as well as visitor parking to the block and ample road parking to the front of the building.
Once inside the apartment you enter a long hallway accessing all areas of the property.
There is a rear facing lounge / diner which has a good size lounge area and allows plenty of space for dining table and chairs.
The kitchen is of modern standard with ample floor and wall hung cupboards allowing for integrated appliances.
Both bedrooms are of good double size, with built in wardrobes to the 2nd bedroom and an en-suite shower room to the master.
As well as a well proportioned family bathroom with shower over bath, sink, toilet and towel rail.
There is also additional storage in the hallway showing great space for coats, shoes, vacuum cleaner and ironing boards amongst other things.
This apartment was also fitted with an alarm when constructed that is still working (not tested) so also gives a great option as a 2nd home for visits to the New Forest and local area.
It is sold on a LEASEHOLD basis with a lease of 125 years from 2004. Call Gordon Barker now to book your appointment to view before it's too late...
Lease - 125 years from 2004 Ground rent £600 per annum Maintenance approx. £1700 per annum. Assessed each year and any surplus distributed amongst leasees. This includes insurance too.
Resi lets allowed Pets allowed No holiday lets Council tax - B Epc - C Please note that, although every attempt has been made to ensure the accuracy of details any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive. The heating system, mains and appliances have not been tested by Gordon Barker.
Whilst reasonable endeavours have been made to ensure that the information in our sales particulars are as accurate as possible, this information has been provided for us by the seller who has confirmed the accuracy to the best of their knowledge but is not guaranteed.
Any potential buyer should not rely on the information we have supplied and should satisfy themselves by inspection, searches, enquiries and survey as to the correctness of each statement before making a financial or legal commitment.
We at Gordon Barker have not checked the legal documentation to verify the legal status, including the leased term and ground rent and escalation of ground rent of the property (where applicable).
A buyer must not rely upon the information provided until it has been verified by their own solicitors.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Penny Court, Ringwood, Hampshire, BH24
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