2 Bed Flat, Single Let, Eastleigh, SO50 5SH, £180,000

32 Cable Street, Eastleigh, Hampshire, SO50 5SH - 6 views - 3 years ago

Sold STC
Leasehold
BTL
ROI: 6%
66 m²
+4 photos

ValuationFair Value

Sold Prices£92.5K - £250K
Sold Prices/m²£1.4K/m² - £4.5K/m²

 

 

Square Metres

66 m²
Price/m²£2.7K/m²

Value Estimate

£183,224

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£875 - £1,450

Rent Estimate

£1,050

Running Costs/mo

£793

Cashflow/mo

£258

Cashflow/yr

£3,090

ROI

6%

Gross Yield

7%

Local Sold Prices

44 sold prices from £92.5K to £250K, average is £185K. £1.4K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£175K06/210.01 mi53, Drum Road, Eastleigh, Hampshire SO50 5ST2
£165K04/210.01 mi5, Drum Road, Eastleigh, Hampshire SO50 5ST2
£175K03/210.05 mi16, William Panter Court, Eastleigh, Hampshire SO50 5GL2
£170K03/210.06 mi67, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£195K02/230.06 mi73, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£180K09/210.09 mi17, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£97.5K05/230.09 mi41, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£194K03/210.09 mi54, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K11/200.09 mi52, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K03/210.09 mi1a, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£175K11/210.12 mi66, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£197K03/230.12 mi52, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£210K12/220.12 mi29, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£202K01/210.12 mi43, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£165K01/210.12 mi57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£185K02/230.12 mi37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£170K03/230.12 mi43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£180K06/230.16 mi10, Pluto Road, Eastleigh, Hampshire SO50 5GD2
£190K03/210.2 mi34, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£92.5K09/210.2 mi53, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£175K02/210.2 mi30, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£207K02/210.2 mi69, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£195K02/230.21 mi76, Tinning Way, Eastleigh, Hampshire SO50 9QH2
£220K03/230.23 mi118, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£180K11/200.23 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£182K04/210.23 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£200K12/220.23 mi94, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£150K06/230.26 miApartment 4, Hanns Mews, Hanns Way, Eastleigh, Hampshire SO50 5NZ2
£205K08/230.33 mi18a, Derby Road, Eastleigh, Hampshire SO50 5HP2
£165K01/210.52 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£167.5K06/230.52 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£175K05/210.61 miFlat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£180K01/210.61 miFlat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£190K05/230.61 miFlat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£185K03/230.61 miFlat 19, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£195K09/210.64 mi59, Dakota Way, Eastleigh, Hampshire SO50 5TY2
£190K02/210.7 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£200K07/230.7 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£175K07/210.72 mi23, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX2
£185K03/230.79 mi160, Alexander Square, Eastleigh, Hampshire SO50 4BX2
£168.5K03/230.8 mi69, Alexander Square, Eastleigh, Hampshire SO50 4BW2
£200K07/230.87 mi134, Twyford Road, Eastleigh, Hampshire SO50 4HN2
£235K02/210.98 miFlat 16, Itchen Grange, Church Road, Eastleigh, Hampshire SO50 6QQ2
£250K10/230.98 miFlat 8, Itchen Grange, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6QQ2

Local Rents

28 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.02 mi-2
£1,15012/240.04 miDrum Road2
£1,10012/240.08 miNutbeem Road, Eastleigh, SO502
£1,20009/240.1 mi-2
£1,20012/240.12 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO502
£1,20009/240.12 miBenny Hill Close2
£1,20004/250.13 mi-2
£1,19511/240.14 mi-2
£1,10009/240.16 miGeorge Raymond Road, Eastleigh, SO502
£1,20009/240.16 mi-2
£1,20009/240.16 miHeinz Burt Close, Eastleigh, SO502
£1,00012/240.16 mi|Ref: R153867|, Leigh Road, Eastleigh, SO50 9DT2
£92509/240.16 mi-2
£87502/240.26 miHanns Way, Eastleigh, SO502
£1,10009/240.26 miHanns Mews, Hanns Way, Eastleigh2
£1,05009/240.28 miHigh Street, Eastleigh2
£1,15012/240.29 miArchers Road SILVER SUB, Eastleigh, SO502
£1,10009/240.32 miArchers Road, Eastleigh2
£1,10004/250.33 mi-2
£1,00012/240.41 miHigh Street, Eastleigh, SO502
£1,45011/240.48 mi-2
£1,15009/240.48 mi-2
£1,10011/240.48 mi-2
£95010/240.53 mi-2
£1,35012/240.57 mi-2
£1,35004/250.58 mi-2
£1,12502/250.58 mi-2
£1,25009/240.62 mi-2

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £180,000

October 7, 2022

Sold for £167,000

2003

Floor Plans

Description

  • Neutrally decorated +
  • Two bedrooms +
  • Well-proportioned reception room +
  • Natural light +
  • Charming fireplace +
  • Juliette balcony +
  • Two large bathrooms inc ensuite +
  • Practical kitchen +
  • Parking +
  • Excellent transport links +

We are delighted to present to the market this neutrally decorated, two-bedroom flat that is currently listed for sale. This appealing property boasts a number of features that make it an ideal acquisition for families, couples or investors alike. The property is currently being let at £1,050 PCM.

The property contains one well-proportioned reception room, flooded with natural light thanks to its large windows. A focal point of this room is the charming fireplace, lending an element of cosiness to the space. Further enhancing the room's appeal are two Juliette balconies, providing a breath of fresh air and an added touch of elegance.

The flat also benefits from one large bathroom and an ensuite providing ample convenience for residents or guests. The kitchen, meanwhile, is practical and inviting with good storage space and a decent amount of worktop space, perfect for those who enjoy cooking.

One of the unique features of this property is the provision of parking – a valuable asset in any residential area. Not only is the property conveniently located in a residential area, but it also benefits from excellent public transport links and proximity to local amenities.

The property has an EPC rating of C, indicating a moderate level of energy efficiency. With two bedrooms and two bathrooms, this flat offers a comfortable living arrangement that is sure to appeal to a broad range of prospective buyers.

We recommend early viewing to fully appreciate the potential of this property. Please contact us to arrange a suitable time.

EPC: C
Council Tax Band: B
Maintenance Charge: £2073.78
Lease Length: 134 years remaining
Ground Rent: £200 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 every case.

SOU220521/2

Agent Details

Your Move Sales, Southampton

0238 144 9897

Next Steps?

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