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Spencer Road, New Milton, Hampshire BH25 - Image 1
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Spencer Road, New Milton, Hampshire BH25

South East

£169,950

Listed on 23/06/2026

Property details

Bedrooms
3
Type
Flat
Area
965 sqft

Description

This three-bedroom top-floor apartment offers a generous living space and sits in the heart of New Milton town centre. It presents an excellent opportunity for renovation, ideal for investors or homeowners looking to create their perfect home. Accessed via a communal entry with a staircase leading to the second floor, the apartment features a welcoming hallway with a storage cupboard. The expansive living/dining area, measuring 26 feet, opens onto a west-facing balcony through patio doors, providing potential for outdoor relaxation. The sizable kitchen accommodates a breakfast table and includes a larder cupboard as well as housing the gas boiler. There are three spacious bedrooms; the master comes equipped with built-in wardrobes for added convenience. A wet room is also available, featuring shower access, WC, and wash basin. Outside, residents benefit from garage parking within a block and well-maintained communal grounds that enhance the property's appeal. This leasehold property has 45 years remaining on its lease until 2071, with additional annual maintenance costs and ground rent that are manageable compared to potential rental yields post-renovation.

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Investment analysis

(BH25 area)

Below Market Value

This property is priced -57.7% below area average per sq ft

-57.7%
Potential saving
This Property
£176/sq ft
Area Average
£417/sq ft
Avg Rent (weekly)
£293
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£442,327
10% above area average per sq ft
Potential ROI
+126.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (BH25)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -10.7%
5 year growth: +0.6%
Investment Disclaimer: Analysis based on BH25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Spencer Road, New Milton, Hampshire BH25
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£642
Based on a loan of £127,462 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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