2 Bed Flat, Potential PLO/LOA, Eastleigh, SO50 4BW, £141,000





ValuationUndervalued
Sold Prices | £92.5K - £250K |
Sold Prices/m² | £1.4K/m² - £3.5K/m² |
| |
Square Metres | ~62.40 m² |
Price/m² | £2.3K/m² |
Value Estimate | £171,352£171,352 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £35,250£35,250 |
Stamp Duty & Legal Fees | £5,430£5,430 |
Total Cash In | £40,680£40,680 |
| |
Cash Out | |
Rent Range | £895 - £1,350£895 - £1,350 |
Rent Estimate | £1,119 |
Running Costs/mo | £684£684 |
Cashflow/mo | £435£435 |
Cashflow/yr | £5,215£5,215 |
ROI | 13%13% |
Gross Yield | 10%10% |
Local Sold Prices
50 sold prices from £92.5K to £250K, average is £185K. £1.4K/m² to £3.5K/m², average is £2.8K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£168.5K | 03/23 | 0.01 mi | 69, Alexander Square, Eastleigh, Hampshire SO50 4BW | - | - | 2 | Flat | |
£185K | 03/23 | 0.04 mi | 160, Alexander Square, Eastleigh, Hampshire SO50 4BX | £2,803 | 66 | 2 | Flat | |
£200K | 07/23 | 0.09 mi | 134, Twyford Road, Eastleigh, Hampshire SO50 4HN | £2,740 | 73 | 2 | Flat | |
£175K | 05/21 | 0.22 mi | Flat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL | - | - | 2 | Flat | |
£180K | 01/21 | 0.22 mi | Flat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL | - | - | 2 | Flat | |
£190K | 05/23 | 0.22 mi | Flat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL | - | - | 2 | Flat | |
£185K | 03/23 | 0.22 mi | Flat 19, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL | - | - | 2 | Flat | |
£165K | 01/21 | 0.29 mi | 5, Salisbury Court, Eastleigh, Hampshire SO50 9BP | £2,463 | 67 | 2 | Flat | |
£167.5K | 06/23 | 0.29 mi | 5, Salisbury Court, Eastleigh, Hampshire SO50 9BP | £2,500 | 67 | 2 | Flat | |
£175K | 07/21 | 0.43 mi | 23, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX | - | - | 2 | Flat | |
£218K | 05/21 | 0.49 mi | 37, Asford Grove, Eastleigh, Hampshire SO50 6BG | £3,206 | 68 | 2 | Flat | |
£242K | 06/23 | 0.49 mi | 36, Asford Grove, Bishopstoke, Eastleigh, Hampshire SO50 6BG | £3,270 | 74 | 2 | Flat | |
£190K | 02/21 | 0.5 mi | Flat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR | - | - | 2 | Flat | |
£200K | 07/23 | 0.5 mi | Flat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR | - | - | 2 | Flat | |
£185K | 02/23 | 0.56 mi | Flat 4, Whitehaugh Court, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6DF | - | - | 2 | Flat | |
£205K | 11/21 | 0.56 mi | Flat 2, Whitehaugh Court, Church Road, Eastleigh, Hampshire SO50 6DF | - | - | 2 | Flat | |
£220K | 03/23 | 0.61 mi | 118, Loveridge Way, Eastleigh, Hampshire SO50 9PW | £3,134 | 70 | 2 | Flat | |
£180K | 11/20 | 0.61 mi | 80, Loveridge Way, Eastleigh, Hampshire SO50 9PW | £2,647 | 68 | 2 | Flat | |
£182K | 04/21 | 0.61 mi | 80, Loveridge Way, Eastleigh, Hampshire SO50 9PW | £2,676 | 68 | 2 | Flat | |
£200K | 12/22 | 0.61 mi | 94, Loveridge Way, Eastleigh, Hampshire SO50 9PW | £2,793 | 72 | 2 | Flat | |
£235K | 02/21 | 0.63 mi | Flat 16, Itchen Grange, Church Road, Eastleigh, Hampshire SO50 6QQ | - | - | 2 | Flat | |
£250K | 10/23 | 0.63 mi | Flat 8, Itchen Grange, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6QQ | - | - | 2 | Flat | |
£207K | 02/21 | 0.65 mi | 69, Causton Gardens, Eastleigh, Hampshire SO50 9PJ | £3,450 | 60 | 2 | Flat | |
£150K | 06/23 | 0.65 mi | Apartment 4, Hanns Mews, Hanns Way, Eastleigh, Hampshire SO50 5NZ | - | - | 2 | Flat | |
£190K | 03/21 | 0.65 mi | 34, Causton Gardens, Eastleigh, Hampshire SO50 9PJ | £2,794 | 68 | 2 | Flat | |
£92.5K | 09/21 | 0.65 mi | 53, Causton Gardens, Eastleigh, Hampshire SO50 9PJ | £1,381 | 67 | 2 | Flat | |
£175K | 02/21 | 0.65 mi | 30, Causton Gardens, Eastleigh, Hampshire SO50 9PJ | £2,397 | 73 | 2 | Flat | |
£163K | 09/21 | 0.72 mi | 1a, Sedgwick Road, Bishopstoke, Eastleigh, Hampshire SO50 6FJ | £2,717 | 60 | 2 | Flat | |
£190K | 03/21 | 0.74 mi | Flat 3, Osborne Mews, Allbrook Hill, Eastleigh, Hampshire SO50 4JQ | - | - | 2 | Flat | |
£165K | 01/21 | 0.75 mi | 57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG | £2,797 | 59 | 2 | Flat | |
£185K | 02/23 | 0.75 mi | 37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG | £3,246 | 57 | 2 | Flat | |
£170K | 03/23 | 0.75 mi | 43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG | £3,036 | 56 | 2 | Flat | |
£180K | 06/23 | 0.78 mi | 10, Pluto Road, Eastleigh, Hampshire SO50 5GD | - | - | 2 | Flat | |
£175K | 03/21 | 0.79 mi | 16, William Panter Court, Eastleigh, Hampshire SO50 5GL | £2,734 | 64 | 2 | Flat | |
£175K | 06/21 | 0.81 mi | 53, Drum Road, Eastleigh, Hampshire SO50 5ST | £2,966 | 59 | 2 | Flat | |
£165K | 04/21 | 0.81 mi | 5, Drum Road, Eastleigh, Hampshire SO50 5ST | £2,845 | 58 | 2 | Flat | |
£170K | 03/21 | 0.82 mi | 67, Stranding Street, Eastleigh, Hampshire SO50 5GR | £2,537 | 67 | 2 | Flat | |
£195K | 02/23 | 0.82 mi | 73, Stranding Street, Eastleigh, Hampshire SO50 5GR | £2,910 | 67 | 2 | Flat | |
£210K | 12/22 | 0.84 mi | 29, Blenheim Road, Eastleigh, Hampshire SO50 5JU | - | - | 2 | Flat | |
£202K | 01/21 | 0.85 mi | 43, Blenheim Road, Eastleigh, Hampshire SO50 5JU | £2,546 | 79 | 2 | Flat | |
£180K | 09/21 | 0.85 mi | 17, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ | £3,158 | 57 | 2 | Flat | |
£97.5K | 05/23 | 0.86 mi | 41, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ | £1,477 | 66 | 2 | Flat | |
£194K | 03/21 | 0.86 mi | 54, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ | £2,082 | 93 | 2 | Flat | |
£205K | 11/20 | 0.86 mi | 52, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ | £2,356 | 87 | 2 | Flat | |
£205K | 03/21 | 0.86 mi | 1a, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ | £2,334 | 88 | 2 | Flat | |
£195K | 02/23 | 0.88 mi | 76, Tinning Way, Eastleigh, Hampshire SO50 9QH | £3,095 | 63 | 2 | Flat | |
£175K | 11/21 | 0.92 mi | 66, Hoddinott Road, Eastleigh, Hampshire SO50 5SN | £2,917 | 60 | 2 | Flat | |
£197K | 03/23 | 0.92 mi | 52, Hoddinott Road, Eastleigh, Hampshire SO50 5SN | £2,463 | 80 | 2 | Flat | |
£235K | 09/22 | 0.93 mi | 18, Milford Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2HY | £3,456 | 68 | 2 | Flat | |
£207.5K | 04/21 | 0.93 mi | 7, Milford Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2HY | £3,294 | 63 | 2 | Flat |
Local Rents
16 rents from £895/mo to £1.4K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£895 | 11/24 | 0.12 mi | - | 2 | Flat | |
£1,250 | 09/24 | 0.22 mi | - | 2 | Terraced House | |
£1,125 | 02/25 | 0.23 mi | - | 2 | Flat | |
£950 | 10/24 | 0.28 mi | - | 2 | Flat | |
£1,350 | 12/24 | 0.3 mi | - | 2 | Flat | |
£1,100 | 11/24 | 0.38 mi | - | 2 | Flat | |
£1,150 | 09/24 | 0.43 mi | Selwyn Gardens, EASTLEIGH | 2 | Flat | |
£1,100 | 04/25 | 0.44 mi | - | 2 | Flat | |
£1,100 | 09/24 | 0.49 mi | Archers Road, Eastleigh | 2 | Flat | |
£1,150 | 12/24 | 0.52 mi | Archers Road SILVER SUB, Eastleigh, SO50 | 2 | Flat | |
£1,175 | 02/24 | 0.53 mi | - | 2 | Terraced House | |
£1,175 | 01/25 | 0.53 mi | - | 2 | Terraced House | |
£1,150 | 12/24 | 0.55 mi | Crestwood View, Eastleigh, SO50 | 2 | Flat | |
£1,150 | 09/24 | 0.55 mi | - | 2 | Flat | |
£1,150 | 12/24 | 0.55 mi | Boyatt Wood | 2 | Flat | |
£1,195 | 12/24 | 0.56 mi | Church Road, Eastleigh | 2 | Terraced House |
Local Area Statistics
Population in SO50 | 46,31846,318 |
Population in Eastleigh | 78,74178,741 |
Town centre distance | 0.15 miles away0.15 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.54 miles away0.54 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +1%+1% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +12%+12% |
Property History
Listed for £141,000
October 4, 2022
Sold for £177,235
2008
Floor Plans

Description
- Buy-It-Now Option Available +
- Being Sold By GOTO Online Auction +
- Buyer’S Fees Apply +
- Spacious First Floor Apartment +
- Good Sized 16Ft Living Room +
- Well Fitted Open-Plan Kitchen +
- Allocated Parking & Visitor Parking +
- No Forward Chain +
- Close To The Town Centre & Railway Station +
- Early Viewing Is Essential! +
The Property
Purplebricks, Eastleigh, are delighted to bring to the market this modern and spacious first floor apartment, that is offered for sale with no forward chain. The accommodation briefly comprises of an entrance hallway, two double bedrooms, a modern fitted bathroom, a spacious living room and a modern fitted kitchen. Externally the property further benefits from a communal garden, as well as an allocated parking space and ample visitor parking.
The apartment is ideally placed for access to local shops nearby in Eastleigh, and the mainline railway station.
The nearby M3 & M27 motorways provide access to regional cities whilst Southampton Parkway railway station provides a fast route to London.
We highly recommend an early viewing to avoid disappointment!
Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Property Description
Being Sold by GOTO Online Auction
Starting Bids from £141,000
Buy it now option available
Please call or visit Purplebricks Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.
Lease info: 155 years from 1 May 2008
To book a viewing visit Purplebricks
General Information
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of 3.6% of the purchase price including VAT and a Legal Pack fee of £372 including VAT (this is subject to a minimum amount of £6,600 including VAT and a Legal Pack Fee of £372 including VAT). This secures the transaction and takes the property off the market.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay £372.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.
Property ownership information
Ground rent review period: No review period
Service charge review period: No review period
Lease end date: 28/04/2163
Disclaimer for virtual viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.