3-bedroom house · SO41 3RN
Listing removedListed 101 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive and spacious first-floor duplex apartment offering three double bedrooms, forming part of a charming character building, previously a public house.
This bright and well-presented home benefits from an abundance of natural light, two allocated parking spaces, and a highly desirable location just a short stroll from Lymington High Street and marina.
Holding deposit: £300 Security deposit: £1500 Council tax band: E Grove Road is an exclusive and highly sought-after address, discreetly positioned just off the High Street and within easy reach of marinas, sailing clubs, and scenic coastal walks.
The Georgian market town of Lymington provides an excellent selection of restaurants, boutiques, and a picturesque harbour, all surrounded by the outstanding natural beauty of the New Forest National Park.
The property is accessed via a communal entrance serving just two apartments, with a private front door opening into a welcoming hallway.
The kitchen is bright and spacious, featuring a range of fitted units, generous storage, and a practical breakfast bar for informal dining, along with space for appliances.
The living room is well-sized with a feature fireplace and ample room for both seating and dining.
Also on this level is a modern shower room and a versatile double bedroom, ideal as a guest room or home office.
Upstairs, there are two further double bedrooms, including a spacious principal bedroom with a large en-suite bathroom complete with a walk-in shower and freestanding bath.
Externally, the property forms part of a well-maintained development approached via a block-paved driveway, with two allocated parking spaces and a small courtyard area to the front Utilities: Mains gas, electricity, water and drainage Heating: Gas central heating Broadband: Ultrafast broadband available (up to 1000 Mbps – Ofcom) To be able to rent this property you must be able to prove a minimum of £39000.
Please note: Passing the affordability calculation does not guarantee acceptance.
All applications are subject to satisfactory references, credit checks, and consideration of any existing financial commitments, loans, or repayment obligations, as well as landlord approval.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Flat 2, Captains Corner, Grove Road, Lymington
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