Summary - Flat, 3, Quay Street SO41 3AS
1 bed 1 bath Semi-Detached
Income-producing listed building near the Quay — ideal for an investor aware of flood and listing constraints.
- Ground-floor shop let at £11,000 per annum
- Vacant one-bed flat could rent for ~£895 pcm
- Grade II listed — alteration and repair constraints
- High flood risk — insurance and mitigation needed
- Approximately 567 sq ft total across shop and flat
- Solid brick construction, likely no cavity insulation
- Exterior maintenance needed; some renovation potential
- Local crime levels above average; factor into letting
A compact, income-producing freehold in the heart of historic Lymington, this Grade II listed building combines a rented ground-floor shop and a vacant first/second-floor apartment. The shop extends to about 270 sq ft and produces £11,000 pa; the flat above is vacant and could achieve roughly £895 pcm, offering immediate and near-term rental income potential. The location on a cobbled street at the bottom of the High Street, a short walk to the Quay and river, is a strong demand driver for both retail and holiday-style lets.
The property is best suited to an investor or owner-occupier prepared to manage a listed building. Listing status will impose repair and alteration constraints and may increase maintenance costs. The building is of solid brick construction with assumed no cavity insulation; some external maintenance is noted and improvements to thermal performance may be limited by the listing. Double glazing is present but install date is unknown.
Buyers must weigh clear positives against material risks: the site lies in a high flood-risk area and local crime statistics are elevated, which affects insurance and lettings. Mains gas boiler and radiators provide conventional heating, mobile signal is excellent and broadband average. Overall this is a compact, characterful investment with immediate income and scope for modest value enhancement, but it requires a purchaser comfortable with listed-building responsibilities and flood risk management.
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