# 1 bedroom apartment for sale (SO42 7QX)

## Property Details

| Key | Value |
|-----|-------|
| Address | Grigg Lane, Brockenhurst, Hampshire, SO42, SO42 7QX |
| Price | £106,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £92,500 |

## Description

Enjoy a peaceful and secure retirement in this purpose built, bright ground floor apartment.  Benefiting from it's own door leading out from the living room onto the communal gardens.  Safety and security systems are linked to the House Manager when on duty & Careline provides peace of mind out of hours.

Entrance hall, living room, kitchen, bedroom, shower room. Communal residents' lounge, laundry room, guest suite and landscaped gardens.

ENTRANCE HALL: 12' x 3' (3.66m x 0.91m) with wall mounted entry phone and coved ceiling.

LIVING ROOM: 12' x 10'11" (3.66m x 3.33m)  plus large triangular bay. An irregular shaped room.  Wall mounted night storage heater.  TV aerial point.  Phone point. Wall light points.  Coved ceiling.  Double glazed UPVC window with adjoining door opening onto the communal gardens. Curved arch to:

KITCHEN: 8'6" x 5'8"  (2.59m x 1.73m) Fitted with units comprising drawers and cupboards under roll top working surfaces.  Built-in Creda electric oven with halogen hob above.  Built-in one and a half bowl, single drainer Blanco stainless steel sink unit. Matching eye level cupboards. Walls tiled between units. Upright fridge/freezer.  Strip light. Extractor fan.  Door giving access to walk-in storage cupboard which also houses the refitted pressurised hot water system. Range of shelving and wall mounted light.

BEDROOM: 14'6" x 8'6" (4.42m x 2.59m) maximum measurement Double wardrobe with storage cupboard above. Wall mounted night storage heater. Coved ceiling.  Wall light point.  Double glazed UPVC window overlooking the southerly communal gardens.

SHOWER ROOM:  7'2" x 5'3" (2.18m x 1.6m) Fully tiled double width Aroco shower cubicle with Mira Sport shower unit. Pedestal wash hand basin and low level w.c.  Heated towel rail.  Coved ceiling.  Strip lighting.  Extractor fan.  Wall mounted electric heater.  Mirror fronted cabinet.  Two walls half tiled.

OUTSIDE:  Well stocked and tended communal gardens.

COMMUNAL FACILITIES:  Resident's lounge, laundry and guest suite by prior appointment with a nominal charge.

TENURE: The property is held on the remainder of a 99 year lease dating from 1980.

SERVICE CHARGE: £2753.96 pa

GROUND RENT: £884.68 pa

COUNCIL TAX: B

## Property Photos

- ![Picture 1](/listings/photos/127513586/241598) - Picture 1
- ![Picture 2](/listings/photos/127513586/241600) - Picture 2
- ![Picture 3](/listings/photos/127513586/241601) - Picture 3
- ![Picture 4](/listings/photos/127513586/241603) - Picture 4
- ![Picture 5](/listings/photos/127513586/241605) - Picture 5
- ![Picture 6](/listings/photos/127513586/241608) - Picture 6
- ![Communal Lounge](/listings/photos/127513586/241610) - Communal Lounge

## Floorplans

- ![Floorplan](/listings/photos/127513586/241611) - Floorplan

## EPC Graphs

- ![Picture 8](/listings/photos/127513586/241613) - Picture 8

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £92,500 | 01/01/2023 | — |
|  | £112,000 | 01/01/2015 | — |
|  | £120,000 | 01/01/2005 | — |
|  | £95,000 | 01/01/2003 | — |
|  | £56,950 | 01/01/2000 | — |
|  | £45,000 | 01/01/1999 | — |
|  | £32,000 | 01/01/1997 | — |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| HOLMWOOD 20 THE RISE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AF | £710,000 | 07/10/2025 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 36 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £84,000 | 04/06/2025 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 12 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £80,000 | 02/06/2025 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 37 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £92,500 | 13/12/2024 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 21 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £90,500 | 13/09/2024 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 10 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £92,500 | 30/11/2023 | Flat |
| HOLMWOOD 7 THE RISE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AF | £435,000 | 22/11/2023 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 18 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £90,000 | 16/06/2023 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 1 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £92,500 | 22/05/2023 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 20 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £84,000 | 31/03/2023 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 47 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £87,000 | 02/03/2023 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 19 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £95,000 | 31/10/2022 | Flat |
| HAYTERS COURT FLAT 8B GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £385,950 | 02/09/2022 | Flat |
| HAYTERS COURT FLAT 8A GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £270,000 | 31/05/2022 | Flat |
| HAYTERS COURT FLAT 7A GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £260,000 | 28/02/2022 | Flat |
| HAYTERS COURT FLAT 9 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £450,000 | 17/02/2022 | Flat |
| HAYTERS COURT FLAT 7B GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £395,000 | 17/02/2022 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 30 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £116,000 | 28/01/2022 | Flat |
| BROOKLEY COURT FLAT 2 FIBBARDS ROAD, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7RD | £395,000 | 21/01/2022 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 42 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £95,000 | 04/01/2022 | Flat |
| HOLMWOOD 1 THE RISE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AF | £510,000 | 17/12/2021 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 11 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £119,950 | 03/12/2021 | Flat |
| HOLMWOOD 1 THE RISE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AF | £510,000 | 07/09/2021 | Flat |
| BROOKLEY LODGE FLAT 14 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £342,000 | 28/07/2021 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 6 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £112,000 | 19/07/2021 | Flat |
| HOLMWOOD 18 THE RISE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AF | £659,000 | 16/06/2021 | Flat |
| HOLMWOOD 15 THE RISE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AF | £439,000 | 11/06/2021 | Flat |
| DILLINGER 5 SWAY ROAD, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7AE | £300,000 | 11/06/2021 | Flat |
| [Same street] HOMEFORDE HOUSE FLAT 13 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £73,500 | 07/06/2021 | Flat |

**Street average:** £93,630 (15 sales)
**Area average:** £432,925 (14 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £211,400 (5 Flat, SO42, 2024–2026)
- **Deviation:** -49.9%

## Rental Range

*ONS Price Index of Private Rents (New Forest). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,113/mo
- **Realistic:** £1,237/mo
- **Optimistic:** £1,361/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Southampton (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £698/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 1 Bed Flat, Eastbank Road, SO42 | £975/mo | 1 | 0.27 miles | OpenRent |

**Average rent: £975/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.92% (okay)
- **Max investor price (0.8%):** £121,875
- **Target investor price (1%):** £97,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £975/mo).*

- **Gross yield:** 11%
- **Cost-to-rent:** 9.1×
- **Monthly cashflow:** £435/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 17%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -12.4%

## House Price Index (HM Land Registry)

*Official index for New Forest; Flats and maisonettes series; as of February 2026.*

- **1y growth (index):** -3%
- **5y growth (index):** -2%
- **10y growth (index):** 12.4%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)