3 Bed Detached House, Refurb/BRRR, Romsey, SO51 6AP, £550,000

Crawley Hill, West Wellow, Romsey, Hampshire, SO51 6AP - 1 views - 3 years ago

Refurb/BRRR
~145 m²
+10 photos

ValuationFair Value

Sold Prices£300K - £1.1M
Sold Prices/m²£2.9K/m² - £7.4K/m²

 

 

Square Metres

~145.10 m²
Price/m²£3.8K/m²

Value Estimate

£561,000

 

 

End Value (After Refurb)

£614,335

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£64,905

Bridging Loan Interest

£14,438

Total Cash In

£262,292

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£614,335

Mortgage (After Refinance)

£460,751

Mortgage LTV

75%

Cash Released

£48,251

Cash Left In

£214,041

Equity

£153,584

Rent Range

£950 - £3,250

Rent Estimate

£1,659

Running Costs/mo

£2,272

Cashflow/mo

£-613

Cashflow/yr

£-7,351

Gross Yield

4%

Local Sold Prices

36 sold prices from £300K to £1.1M, average is £487.5K. £2.9K/m² to £7.4K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£750K06/210.28 miSilver Trees, School Road, West Wellow, Romsey, Hampshire SO51 6AR3
£375K09/210.54 mi6, The Hollies, West Wellow, Romsey, Hampshire SO51 6GH3
£568K12/220.61 miAlwyn, Kooyong Close, East Wellow, Romsey, Hampshire SO51 6BL3
£300K03/230.61 mi47, Gurnays Mead, West Wellow, Romsey, Hampshire SO51 6BP3
£490K12/200.63 mi5, Sand Close, West Wellow, Romsey, Hampshire SO51 6RD3
£654.5K08/230.64 mi4, Reeves Close, West Wellow, Romsey, Hampshire SO51 6RE3
£410K03/210.64 miLongways, Gazing Lane, West Wellow, Romsey, Hampshire SO51 6BS3
£360K01/210.66 mi6, Wheatears Drive, West Wellow, Romsey, Hampshire SO51 6RA3
£575K10/230.66 mi5, Wheatears Drive, West Wellow, Romsey, Hampshire SO51 6RA3
£485K01/230.7 mi17, Barnes Close, West Wellow, Romsey, Hampshire SO51 6ET3
£397.5K03/210.7 mi20, Barnes Close, West Wellow, Romsey, Hampshire SO51 6ET3
£470K08/230.7 mi18, Barnes Close, West Wellow, Romsey, Hampshire SO51 6ET3
£440K10/200.81 miAmberleigh, Maurys Lane, West Wellow, Romsey, Hampshire SO51 6DA3
£1.1M12/221.17 miHome Farm Cottage, Bricky Lake Lane, Ower, Romsey, Hampshire SO51 6GQ3
£750K05/232.34 miProvidence House, Copythorne Crescent, Copythorne, Southampton, Hampshire SO40 2PE3
£575K04/232.37 miOaklands, Salisbury Road, Ower, Romsey, Hampshire SO51 6AG3
£404K07/232.49 mi22, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AN3
£500K01/212.49 mi69, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AN3
£468K06/232.49 mi26, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AN3
£467.5K08/232.54 mi12, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£450K04/232.54 mi20, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£430K03/212.54 mi6, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£420K04/212.54 mi29, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£440K05/212.54 mi18, Beech Grange, Landford, Salisbury, Wiltshire SP5 2AL3
£750K11/222.55 miBlue Hills, Whitehorn Drive, Landford, Salisbury, Wiltshire SP5 2AX3
£655K03/212.57 miFoxdale, Lyndhurst Road, Landford, Salisbury, Wiltshire SP5 2AP3
£935K12/202.62 miPaddock Wood, Whitemoor Lane, Winsor, Southampton, Hampshire SO40 2HD3
£750K11/222.73 miLatchmoor Cottage, Lyndhurst Road, Landford, Salisbury, Wiltshire SP5 2AF3
£570K08/232.88 miTreeside, Romsey Road, Cadnam, Southampton, Hampshire SO40 2NN3
£592.5K05/232.93 miMulberry Lodge, School Road, Nomansland, Salisbury, Wiltshire SP5 2BY3
£425K12/202.93 miTeresa, Romsey Road, Cadnam, Southampton, Hampshire SO40 2NN3
£551K10/202.94 miBroom Hill, Winsor Road, Winsor, Southampton, Hampshire SO40 2HN3
£775K12/202.94 miOrchard Cottage, Winsor Road, Winsor, Southampton, Hampshire SO40 2HN3
£775K12/202.94 miOrchard Cottage, Winsor Road, Winsor, Southampton, Hampshire SO40 2HN3
£310K05/232.94 miYew Tree Cottage, Forest Road, Nomansland, Salisbury, Wiltshire SP5 2BP3
£345K01/212.96 mi6, School Road, Nomansland, Salisbury, Wiltshire SP5 2BX3

Local Rents

12 rents from £950/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.5 miWest Wellow Lower Common Road UNFURNISHED2
£2,20012/240.68 miRomsey Road, East Wellow, Romsey, Hampshire, SO513
£1,20009/240.71 miRomsey Road, East Wellow, Romsey, Hampshire, SO511
£2,75012/240.92 miMaurys Lane, West Wellow, Romsey, Hampshire, SO514
£95004/251.55 mi-1
£3,25009/241.62 miPartridge Hill, Landford, Salisbury, Wiltshire, SP55
£1,65009/242.11 miHome Farm, East Wellow3
£95012/242.35 miSalisbury Road, Sherfield English, Romsey, SO511
£95012/242.35 mi-1
£1,99511/242.39 mi-4
£1,99511/242.39 mi-4
£1,00009/242.45 miLyndhurst Road, Landford - Bills Included1

Local Area Statistics

Population in SO51

26,989

Town centre distance

4.20 miles away

Nearest school

0.60 miles away

Nearest train station

4.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £550,000

March 20, 2025

Listed for £575,000

April 21, 2022

Floor Plans

Description

A spacious 4 bedroom detached house requiring modernisation set on a plot of approximately 1/4 of an acre and no onward chain.

The accommodation has gas fired heating replacement double glazed windows with some triple glazing. The property is accessed via a front entrance porch leading to the hallway with doors to the lounge, double aspect study/dining room, bedroom 4 and kitchen. Located off the kitchen is a breakfast room with access to a ground floor shower room and conservatory with patio doors to the delightful garden. Stairs with a fitted stair lift from the hall lead up to the landing and bedroom 1 (currently fitted as a 2nd kitchen) 2 further bedrooms and bathroom. Outside an extensive gravel driveway provides ample parking and turning space and leads to a single brick built garage. The delightful rear garden is mostly laid to lawn with patio, 2 feature ponds with waterfall and range of timber constructed outbuildings including workshop, garden store, mower store, chicken house with extensive chicken run and enclosed vegetable garden with greenhouse.

Agent Details

Austin & Wyatt, Lyndhurst

0238 144 9939

Next Steps?

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