2 Bed Flat, Single Let, Southampton, SO19 6HP, £140,000

Warburton Close, Southampton, Hampshire, SO19 6HP - 2 views - 3 years ago

Leasehold
BTL
ROI: 11%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£84K - £325K
Sold Prices/m²£1.2K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£167,575
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£900 - £1,395

Rent Estimate

£1,019

Running Costs/mo

£661

Cashflow/mo

£358

Cashflow/yr

£4,292

ROI

11%

Gross Yield

9%

Local Sold Prices

32 sold prices from £84K to £325K, average is £160K. £1.2K/m² to £5.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£195K03/210.28 mi3, Morrison Close, Southampton SO19 0AN2
£84K06/230.33 mi90, Tatwin Crescent, Southampton SO19 6JX2
£120K10/200.39 mi77, Ellwood Avenue, Southampton SO19 6BT2
£120K10/200.39 mi77, Ellwood Avenue, Southampton SO19 6BT2
£131K03/210.46 mi433, Hinkler Road, Thornhill, Southampton SO19 6DQ2
£150K01/230.5 mi56, Wood Close, Sholing, Southampton SO19 0SG2
£137K03/230.5 mi15, Wood Close, Sholing, Southampton SO19 0SG2
£240K05/210.53 mi14, Spencer Road, Southampton SO19 6QX2
£180K03/230.53 mi2, Daintree Close, Southampton SO19 0RX2
£214K03/210.56 mi15, Imber Way, Southampton SO19 1SF2
£190K09/210.58 mi22, Banbury Avenue, Southampton SO19 8GH2
£159K04/210.58 mi38, Banbury Avenue, Southampton SO19 8GH2
£141K03/210.63 miFlat B, Holmes Court, Kanes Hill, Southampton, Hampshire SO19 6AH2
£162.5K11/200.66 mi2c, Landseer Road, Southampton SO19 1EE2
£155K03/210.67 mi2b, Landseer Road, Southampton SO19 1EE2
£165K01/210.67 mi2d, Landseer Road, Southampton SO19 1EE2
£170K10/200.67 mi8, Silver Birch Close, Southampton SO19 8FY2
£230K03/230.68 mi6, Silver Birch Close, Southampton SO19 8FY2
£125K10/200.68 mi15, Silver Birch Close, Southampton SO19 8FY2
£230K05/230.68 mi16, Silver Birch Close, Southampton SO19 8FY2
£325K09/210.78 mi72, Julian Road, Southampton SO19 8LZ2
£115K09/210.82 mi13, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£210K02/230.82 mi12, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£160K08/210.82 mi39, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£150K05/230.92 mi15, Dempsey Close, Southampton SO19 8JZ2
£169K07/230.94 miFlat 4, Thornhill Court, Bursledon Road, Southampton SO19 8QR2
£180K09/210.98 mi23, St Catherines View, Hedge End, Southampton, Hampshire SO30 4SW2
£150K08/230.98 mi29, Holmsley Close, Southampton SO18 5HD2
£135K03/210.98 mi23, Holmsley Close, Southampton SO18 5HD2
£125K10/200.98 mi6, Holmsley Close, Southampton SO18 5HD2
£160K11/200.99 mi45a, Blendworth Lane, Southampton SO18 5HF2
£305K05/210.99 mi455a, Portsmouth Road, Southampton SO19 9LY2

Local Rents

20 rents from £900/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.2 miEllis Road, Southampton, Hampshire, SO192
£1,05009/240.23 miHerrick Close, Thornhill2
£1,15009/240.25 miTatwin Crescent, Southampton, Hampshire, SO192
£1,29512/240.27 mi-2
£1,19502/250.27 mi-2
£1,24509/240.27 miLinacre Road, Southampton, Hampshire, SO192
£90009/240.29 miLinacre Road, Southampton, SO192
£1,05009/240.29 miIvy Dene SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,20009/240.29 miCoates Road SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,39509/240.31 mi-2
£1,39512/240.31 mi-2
£1,29502/250.31 mi-2
£1,29503/250.31 mi-2
£1,39509/240.31 miGilpin Close, Southampton, Hampshire, SO192
£1,20009/240.32 miHinkler Road, Southampton, Hampshire, SO192
£1,25009/240.4 miTatwin Crescent, Southampton2
£1,05009/240.5 mi-2
£1,00009/240.5 miBeatty Court, Anson Drive, Southampton, SO192
£95009/240.51 miSholing, Southampton2
£1,10009/240.55 miBurke Drive, Southampton, Hampshire, SO192

Local Area Statistics

Population in SO19

55,875

Population in Southampton

428,247

Town centre distance

2.94 miles away

Nearest school

0.10 miles away

Nearest train station

1.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £140,000

May 26, 2022

Floor Plans

Description

  • 2 Bedroom Apartment +
  • Fitted Kitchen +
  • Generous Living Room +
  • Family Bathroom +
  • Close Proximity to Local Amenities +
  • Ideal Investment +
  • Great First Purchase +
  • Viewing Essential +

Your Move are pleased to present to the market is this fantastic two double bedroom apartment.
The property comprises; entrance hall leading to the generous living room. The semi open plan fitted kitchen is accessed via an archway and is well presented and a good size.
The two bedrooms and family bathroom are accessed via the inner hall, which in turn is accessed via the kitchen.
This apartment would make the ideal investment as currently let or the perfect first buy for someone looking to live in the property.
EPC: C
COUNCIL TAX BAND: A
LEASE LENGTH: 88 years remaining
ESTIMATED SERVICE CHARGE 2023 - 2024: £328 pa
GROUND RENT: £10 pa

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SOU210290/2

Agent Details

Your Move Sales, Southampton

0238 144 9897

Next Steps?

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