2 Bed Flat, Single Let, Southampton, SO18 5EE, £150,000

Bitterne Road, Southampton, SO18 5EE - 6 views - a year ago

Leasehold
BTL
ROI: 11%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£110K - £230K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£163,080
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£875 - £1,400

Rent Estimate

£1,125

Running Costs/mo

£714

Cashflow/mo

£411

Cashflow/yr

£4,935

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £110K to £230K, average is £155.5K. £1.2K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£170K07/230.27 miFlat 10, Charden Court, York Drove, Bitterne, Southampton SO18 5LZ2
£166K07/230.28 mi2c, Edwina Close, Southampton SO19 7BJ2
£155K12/200.29 mi79c, Commercial Street, Southampton SO18 6AD2
£127.5K04/210.34 mi40, Keynsham Road, Southampton SO19 5EW2
£125K04/210.36 mi159, Wavell Road, Bitterne, Southampton SO18 4SF2
£127K07/210.38 mi191, Wavell Road, Southampton SO18 4SG2
£153K12/220.41 mi43, Redcote Close, Southampton SO18 5SU2
£159K01/210.42 mi22, Portway Close, Bitterne, Southampton SO18 5SW2
£195K12/220.46 miFlat 22, Eastside Court, Langstaff Way, Southampton SO18 6NP2
£180K03/230.46 miFlat 20, Eastside Court, Langstaff Way, Southampton SO18 6NP2
£165K04/210.46 miFlat 12, Eastside Court, Langstaff Way, Southampton SO18 6NP2
£169K07/230.46 miFlat 4, Thornhill Court, Bursledon Road, Southampton SO19 8QR2
£175K03/230.52 miFlat 4, Beech Court, Beech Avenue, Southampton SO18 4TS2
£120K06/230.52 mi30, Hood Road, Southampton SO18 5PD2
£133K08/210.53 mi137, Vanguard Road, Southampton SO18 2EH2
£180K12/220.58 mi27, Moorlands Crescent, Southampton SO18 5QS2
£138K02/210.6 mi18, The Oaks, Southampton SO19 7RP2
£110K01/210.61 mi9, The Oaks, Southampton SO19 7RP2
£138K10/210.61 mi6, The Oaks, Southampton SO19 7RP2
£125K06/210.61 mi25, Neva Road, Southampton SO18 4FH2
£155K03/210.63 mi4, Thruxton Court, Southampton SO19 7AA2
£130K02/210.67 miFlat 21, Fir Tree Court, West End Road, Southampton SO18 6RW2
£150K08/230.69 mi29, Holmsley Close, Southampton SO18 5HD2
£135K03/210.69 mi23, Holmsley Close, Southampton SO18 5HD2
£125K10/200.69 mi6, Holmsley Close, Southampton SO18 5HD2
£169K05/210.7 mi33, Vale Drive, Southampton SO18 4SW2
£123K04/230.71 mi4, Summit Way, Southampton SO18 4ST2
£177.5K01/210.72 miFlat 20, Deepdene, Midanbury Lane, Southampton SO18 4TQ2
£185K09/210.72 miFlat 21, Deepdene, Midanbury Lane, Southampton SO18 4TQ2
£156K04/210.73 miFlat 3, Christine Court, Cobbett Road, Bitterne Park, Southampton SO18 1RD2
£181K05/230.74 mi85, Mansfield Park Street, Southampton SO18 5AE2
£165K05/230.77 mi30, Witts Hill, Southampton SO18 4QF2
£160K11/200.81 mi45a, Blendworth Lane, Southampton SO18 5HF2
£137K12/220.83 mi7, Meggeson Avenue, Southampton SO18 2ET2
£130K01/210.83 mi3, Meggeson Avenue, Southampton SO18 2ET2
£170K12/200.84 mi43, Kenson Gardens, Sholing, Southampton SO19 8RE2
£150K05/230.87 mi15, Dempsey Close, Southampton SO19 8JZ2
£132K04/210.89 mi9, Dyneley Green, Southampton SO18 2EZ2
£135K11/200.9 mi26, Middleton Close, Southampton SO18 2FP2
£180K04/230.93 mi34, Cornwall Road, Southampton SO18 2QZ2
£190K09/210.95 mi22, Banbury Avenue, Southampton SO19 8GH2
£159K04/210.95 mi38, Banbury Avenue, Southampton SO19 8GH2
£230K03/230.96 mi6, Silver Birch Close, Southampton SO19 8FY2
£125K10/200.96 mi15, Silver Birch Close, Southampton SO19 8FY2
£230K05/230.96 mi16, Silver Birch Close, Southampton SO19 8FY2
£170K10/200.96 mi8, Silver Birch Close, Southampton SO19 8FY2
£131K03/210.96 mi433, Hinkler Road, Thornhill, Southampton SO19 6DQ2
£168K12/200.98 mi11a, St Catherines Road, Southampton SO18 1LL2
£155K03/210.99 mi32a, St Catherines Road, Southampton SO18 1LJ2
£202K09/231 mi18, Riverdene Place, Southampton SO18 1UG2

Local Rents

14 rents from £875/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.12 miPound Street SILVER SUB, Bitterne, Southampton, Hampshire, SO182
£1,20009/240.17 miBitterne Road, SOUTHAMPTON2
£1,35009/240.21 miBitterne Road East, Bitterne2
£1,20009/240.23 miWhites Road, SOUTHAMPTON2
£1,37509/240.29 miCommercial Street, SOUTHAMPTON2
£1,00004/250.29 mi-2
£1,20002/250.4 mi-2
£87509/240.47 miMerryoak Road, Southampton2
£1,10012/240.47 mi-2
£1,10009/240.51 miPycroft Close SILVER SUB, Sholing, Southampton, Hampshire, SO192
£1,27509/240.59 mi-2
£1,27509/240.59 miMerryoak Road, Southampton, SO192
£1,40009/240.6 mi-2
£1,20009/240.61 miThe Oaks, SOUTHAMPTON2

Local Area Statistics

Population in SO18

36,538

Population in Southampton

428,247

Town centre distance

1.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £150,000

January 23, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Private Entrance +
  • Spacious Open Plan Kitchen +
  • Parking +
  • Bitterne Precinct Location +

SUMMARY
Elevate your lifestyle with this stylish two-bedroom flat in Bitterne, above the vibrant precinct of shops. A private gated entrance leads to a welcoming open-plan lounge and kitchen with bay windows, two double bedrooms and a bathroom offer comfortable living.

DESCRIPTION
Discover the epitome of urban living in this two-bedroom flat located in Bitterne, just above the bustling precinct of shops. A private gated entrance leads you to steps up to the front door, welcoming you into a well-designed space. Ascend the steps to find an open-plan lounge and kitchen adorned with bay windows, offering a bright and inviting atmosphere.
The fitted kitchen boasts ample space for your appliances.
Two double bedrooms and a bathroom provide comfortable living spaces.
With parking for one car and an additional storage area, this property is ideal for first-time buyers or investors, offering not only a stylish home but also excellent travel links for added convenience.

Entrance  
Wooden gate leading to intercom entry gate. Steps up to front white PVC door.

Lounge  14' 8" x 7' 11" Not into bay ( 4.47m x 2.41m Not into bay )
Open plan to kitchen . Double glazed bay window to rear of aspect. TV port, Intercom telephone for entry. Electric radiator.

Kitchen 14' 7" x 10' 8" max ( 4.45m x 3.25m max )
Open plan to lounge (Measurement from bay window kitchen to bay window lounge 25.11) .
Double glazed bay window to front of aspect. Fitted kitchen with wall and base units. Integral oven and hob. Stainless steel sink and drainer. Space for washing machine, dishwasher and fridge freezer. Part tiled.

Bedroom 1 Irregular Shaped Room 17' x 11' 8" min ( 5.18m x 3.56m min )
Double glazed bay window to rear of aspect. Built in cupboard housing water tank. Electric radiator. Fan light.

Bedroom 2 11' 1" x 11' 5" into bay ( 3.38m x 3.48m into bay )
Double glazed bay window to rear of aspect. Electric radiator.

Bathroom 
Wash hand basin with mirror cupboard above. WC. Shower over bath. Heated towel rail.

Outside 
Bin storage area at bottom of steps. Parking space.

Agent Notes  
80 years left on lease.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Bitterne

0238 214 6119

Next Steps?

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