2-bedroom flat · SO51 8BX
Listing removedListed 85 days
Opportunity summary
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About
Michael Rhodes are delighted to bring to the market this charming mews style upper floor two bedroom apartment with allocated parking, ideally situated in the heart of Romsey town centre.
Offered for sale with no forward chain. Location St James Mews is an exclusive private road leading off The Hundred, right in the heart of Romsey town centre.
The property is ideally placed within easy walking distance of the town's excellent range of independent shops, cafés, restaurants and supermarkets, as well as regular bus services and Romsey Railway Station, which provides direct links to Southampton, Winchester and Salisbury.
Romsey also offers a range of leisure facilities, reputable schools and pleasant walks along the River Test and through the nearby Memorial Park.
Excellent road links via the M27 and M3 make the area well suited for commuters. Summary The property is accessed from an entrance hallway, shared only by one other apartment.
The apartment opens into a spacious open-plan kitchen/living room, with the kitchen fitted with a range of base units and integrated appliances.
There are two well-proportioned bedrooms, served by a modern three-piece bathroom. The property also benefits from an allocated parking space and underfloor heating.
Agents Note Share of Freehold.
250 Years from 10th October 2014 Service Charge: £397.50 Per Annum Ground Rent: £0 Anti Money Laundering We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
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 The Hundred, Romsey, Hampshire
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