# 1 bedroom apartment for sale (SO42 7QX)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 47, HOMEFORDE HOUSE, GRIGG LANE, BROCKENHURST, HAMPSHIRE SO42 7QX |
| Price | £93,500 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1976-1982 |
| Floor area | 39 m² |
| Last sold | £87,000 Mar 2023 |

## Description

A well-presented one bedroom first floor flat, in the conveniently located over 55's development of Homeforde House. Offered with no forward chain.

Precis of accommodation: Entrance hall, living room, kitchen, bedroom, shower room.

Entrance door with spyhole to: 

ENTRANCE HALL:  9’ x 3' (2.74m x 0.91m)

Large built-in airing/storage cupboard housing the mini electric water heater, slatted shelving and electric light. 

LIVING ROOM:  15' x 10'9" (4.57m x 3.04m)

TV aerial point. Wall mounted convector heater. Wall light points. Large double glazed UPVC south facing window. Arch to: 

KITCHEN:  7'08" x 5'07" (2.13m x 1.52m)

Worksurface to one wall with inset single bowl, single drainer, stainless steel sink unit with drawers and cupboards under. Free standing electric oven with four ring ceramic hob. Matching eye-level cupboards. Space for undercounter fridge. Extractor fan. Central ceiling light point.

From ENTRANCE HALL door to:

BEDROOM:  11'05’’ x 8'09’’ (3.35m x 2.43m)

Built-in double wardrobe with storage above. Wall mounted convector heater. TV aerial point. Phone point. Double glazed UPVC south facing window. Central ceiling light point.

From ENTRANCE HALL door to:

SHOWER ROOM:  6'09" x 5'06" (1.82m x 1.52m)

Comprising large fully tiled shower cubicle with shower unit and extractor fan; wash hand basin with cupboard under; low level w.c. Heated towel rail. Central ceiling light point.

OUTSIDE: Homeforde House sits within its own attractively landscaped gardens and grounds.

COMMUNAL FACILITIES: House manager, residents lounge with kitchenette and nearby w.c., laundry room and guest bedroom to rent at a nominal charge. 

SERVICE CHARGE: £2518.00 per annum

GROUND RENT: £381.02 per annum

LEASE: 99 years from 1981.

COUNCIL TAX BAND: B

## Property Photos

- ![Picture No. 21](/listings/photos/110128901/241626) - Picture No. 21
- ![Picture No. 12](/listings/photos/110128901/241628) - Picture No. 12
- ![Picture No. 14](/listings/photos/110128901/241633) - Picture No. 14
- ![Picture No. 13](/listings/photos/110128901/241636) - Picture No. 13
- ![Picture No. 15](/listings/photos/110128901/241637) - Picture No. 15
- ![Picture No. 17](/listings/photos/110128901/241642) - Picture No. 17
- ![Picture No. 02](/listings/photos/110128901/241645) - Picture No. 02
- ![Picture No. 19](/listings/photos/110128901/241647) - Picture No. 19
- ![Picture No. 20](/listings/photos/110128901/241651) - Picture No. 20
- ![Communal Lounge](/listings/photos/110128901/241654) - Communal Lounge
- ![Communal Lounge](/listings/photos/110128901/241655) - Communal Lounge

## Floorplans

- ![Floorplan](/listings/photos/110128901/241656) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/110128901/241657) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| HOMEFORDE HOUSE FLAT 47 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £87,000 | 02/03/2023 | Flat |
| HOMEFORDE HOUSE FLAT 47 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7QX | £60,000 | 01/02/2013 | 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 |
|---------|-------|------|------|
| 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 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 7B GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £395,000 | 17/02/2022 | Flat |
| HAYTERS COURT FLAT 9 GRIGG LANE, BROCKENHURST, NEW FOREST, HAMPSHIRE, SO42 7PG | £450,000 | 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 |

**Street average:** £95,688 (13 sales)
**Area average:** £443,496 (12 sales)

## Price vs local average

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

- **Local average:** £211,400 (5 Flat, SO42, 2024–2026)
- **Deviation:** -55.8%

## 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:** 1.04% (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:** 12.5%
- **Cost-to-rent:** 8×
- **Monthly cashflow:** £484/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 21.4%

*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:** £2,397/m²

## Capital growth trend

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

- **5y growth:** 205.9%
- **10y growth:** 163%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -5.6%
- **5y growth (index):** -5.1%
- **10y growth (index):** 8.2%

## 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)