# 1 bedroom retirement property for sale (SO42 7QX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 37, HOMEFORDE HOUSE, GRIGG LANE, BROCKENHURST, HAMPSHIRE SO42 7QX |
| Price | £95,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | B |
| Construction age | England and Wales: 1976-1982 |
| Floor area | 38 m² |
| Last sold | £92,500 Dec 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** C
- **Expiry date:** 17/08/2030
- **Current heating cost:** £194/year

### Recommendations
- E (15)
- L2 (1,200)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8480-6828-7660-1878-2292)

## Description

COMPLETELY REFURBISHED. 200 METRES FROM TESCO'S AND THE HIGH STREET.

A light and newly refurbished one bedroom first floor retirement apartment enjoying pleasant views over the communal gardens. The property is situated just a few metres from the village amenities which include a doctors surgery, a dentist, the mainline railway station and a wide range shops in this popular New Forest village.

Homeforde House is specifically designed for those aged 55 and over with a House Manager and Careline Emergency facility in all flats. Communal facilities include a lounge, laundry room and well tended attractive gardens. Allocated parking available.

The property is conveniently located in the heart of Brockenhurst village, which is within a level walk of a good local community of shops, cafes and restaurants. Also close by is a mainline railway station with direct links to London Waterloo. The picturesque village of Beaulieu lies 7 miles to the East with the marina of Bucklers Hard on the Beaulieu River. Approximately 4 miles to the south is the Georgian market town of Lymington with its extensive yachting facilities, Saturday market and ferry service to Yarmouth, Isle of Wight.

Council Tax Band B

The property is located very close to the main lift and is approached from the communal hall with a private entrance door leading into the reception hall which has a useful walk-in storage cupboard with slatted shelving, entry phone, care line and further doors leading to the sitting room and bathroom. The sitting room enjoys a large picture window overlooking the communal gardens and an archway leading through to the kitchen which is fitted with attractive eye and base level storage units with roll edged work surface over and a stainless steel sink and drainer. The double aspect bedroom is a good size and has built-in wardrobes that have a range of hanging and shelving space. The bathroom is fitted with a white suite comprising low level WC, pedestal wash hand basin and an easy access panel enclosed bath with 'Mira' electric shower over.

The well maintained, pleasant communal gardens are laid mainly to lawn interspersed with a variety of trees, shrubs and flowers. There are a number of resident and vistitor car parking spaces available on site.

## Property Photos

- ![Photo](/listings/photos/147852251/241581)
- ![Photo](/listings/photos/147852251/241582)
- ![Photo](/listings/photos/147852251/241583)
- ![Photo](/listings/photos/147852251/241584)
- ![Photo](/listings/photos/147852251/241585)
- ![Photo](/listings/photos/147852251/241586)
- ![Photo](/listings/photos/147852251/241587)
- ![Photo](/listings/photos/147852251/241588)
- ![Photo](/listings/photos/147852251/241589)

## Floorplans

- ![Floorplan 1](/listings/photos/147852251/241590) - Floorplan 1
- ![Floorplan 2](/listings/photos/147852251/241591) - Floorplan 2

## EPC Graphs

- ![EPC 1](/listings/photos/147852251/241592) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| HOMEFORDE HOUSE FLAT 37 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £92,500 | 13/12/2024 | Flat |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 16 BROOKLEY ROAD, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7RR | £672,000 | 06/04/2023 | Other |

**Area average:** £672,000 (1 sale)

## Price vs local average

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

- **Local average:** £915,000 (1 Other, SO42, 2024–2026)
- **Deviation:** -89.6%

## 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 | 0.28 miles | OpenRent |

**Average rent: £975/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 1.03% (strong)
- **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:** 12.3%
- **Cost-to-rent:** 8.1×
- **Monthly cashflow:** £478/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 20.8%

*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).*

## Price per Square Metre

- **£/m²:** £2,500/m²

## House Price Index (HM Land Registry)

*Official index for New Forest; All dwelling types series; as of March 2026.*

- **1y growth (index):** -1.6%
- **5y growth (index):** 5.1%
- **10y growth (index):** 21.2%

## 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)