5 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO18 5GS, £300,000

Denmead Road, Harefield, Southampton, SO18 5GS - 1 views - a year ago

Sold STC
Refurb/BRRR
~178 m²
+8 photos

ValuationFair Value

Sold Prices£318K - £715K
Sold Prices/m²£2.6K/m² - £7.5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.7K/m²

Value Estimate

£303,000

 

 

End Value (After Refurb)

£504,340

Uplift in Value

+68%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£80,515

Bridging Loan Interest

£7,875

Total Cash In

£186,340

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£504,340

Agent Fees (1%)

£5,043

Bridging Loan

£225,000

Bridging Loan Interest

£7,875

Flip Profit

£87,956

Local Sold Prices

20 sold prices from £318K to £715K, average is £500K. £2.6K/m² to £7.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£685K10/210.12 mi260, West End Road, West End, Southampton SO18 3BX5
£715K12/220.24 mi28, Wilderness Heights, West End, Southampton, Hampshire SO18 3PS5
£500K05/210.25 mi37, Wilderness Heights, West End, Southampton, Hampshire SO18 3PS5
£405K11/220.29 mi58, Chalk Hill, West End, Southampton, Hampshire SO18 3DB5
£318K05/210.35 mi25, Somerset Avenue, Southampton SO18 5FP5
£565K06/210.49 mi82, Telegraph Road, West End, Southampton, Hampshire SO30 3EY5
£452K02/210.51 mi9, Pine Drive, Southampton SO18 5RQ5
£528K01/210.57 mi47, Ullswater Avenue, West End, Southampton, Hampshire SO18 3QS5
£530K06/210.62 mi62, Douglas Crescent, Southampton SO19 5JQ5
£352K07/210.64 mi22, Exeter Close, Southampton SO18 2EF5
£535K07/230.66 mi1, Culvery Gardens, West End, Southampton, Hampshire SO18 3ND5
£455K08/210.67 mi13, Moorhill Gardens, Southampton, Hampshire SO18 5BR5
£611.9K03/210.74 mi2, Kenilworth Gardens, West End, Southampton, Hampshire SO30 3RE5
£440K03/210.76 mi2, Patricia Close, West End, Southampton, Hampshire SO30 3FP5
£642.5K08/210.83 mi14, Larch Close, West End, Southampton, Hampshire SO30 3RB5
£605K11/200.87 mi5, Chestnut Close, West End, Southampton, Hampshire SO30 3RA5
£450K12/200.88 mi1, St Aubins Avenue, Southampton SO19 8NU5
£500K02/210.89 mi37, Chatsworth Road, Southampton SO19 7NL5
£430K12/200.89 mi89, Chatsworth Road, Southampton SO19 7NL5
£365K01/230.98 mi1, Camellia Gardens, Southampton SO18 2RR5

Local Rents

23 rents from £1K/mo to £2.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,50009/240.15 miWest End Road, West End5
£2,50009/240.16 miWest End Road, Southampton SO18 3BW5
£1,57512/240.2 mi-3
£1,62509/240.2 miEdelvale Road, Southampton, SO183
£1,62509/240.23 miEdelvale Road, SOUTHAMPTON3
£1,35009/240.24 miEdelvale Road, Bitterne, SO183
£1,50009/240.28 miAlpine Close, Southampton, SO183
£1,47502/250.28 mi-3
£1,50009/240.28 mi-3
£1,60009/240.29 miAlpine Close, SOUTHAMPTON3
£1,55009/240.29 miAlpine Close, Southampton3
£1,55009/240.29 miAlpine Close, Southampton3
£1,20004/250.35 mi-3
£1,50009/240.35 miArden Close, Bitterne, Southampton, SO183
£1,55009/240.37 miShrubland Close, Bitterne3
£1,00009/240.38 miRunnymede, West End, SO303
£1,50011/240.38 mi-3
£1,45009/240.46 miCommercial Street, Bitterne3
£1,60009/240.5 miChalk Hill, West End3
£1,45002/250.58 mi-3
£1,40009/240.59 miDuddon Close, Southampon, SO183
£1,30002/250.6 mi-4
£1,35009/240.62 miDean Road, Bitterne, Southampton, SO183

Local Area Statistics

Population in SO18

36,538

Population in Southampton

428,247

Town centre distance

2.15 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £300,000

April 1, 2024

Floor Plans

Description

  • FIVE/SIX BEDROOM SEMI DETACHED HOUSE +
  • LOUNGE & DINING ROOM +
  • GARAGE +
  • DRIVEWAY PARKING +
  • SECLUDED & ENCLOSED REAR GARDEN +
  • IN NEED OF SOME UPDATING +
  • DOUBLE GLAZING & GAS CENTRAL HEATING +
  • BEDROOM SIX/STUDY/DRESSING ROOM +
  • NO FORWARD CHAIN +
  • INTERNAL VIEWING ESSENTIAL +

Stanford Estate Agents are delighted to present this extended & spacious five/six bedroom semi detached house in Harefield. The property does require some updating & boasts a lounge, dining room, garage, driveway parking & is being offered with no forward chain. An internal viewing is very highly recommended.

ENTRANCE HALL:
Textured ceiling, double glazed window to side aspect, stairs to first floor landing, radiator.

LOUNGE: (16'1" x 12'9")
Textured ceiling, double glazed window to front aspect, radiator.

DINING ROOM: (10'1" x 9'11")
Textured ceiling, double glazed French style doors to rear aspect leading out to the rear garden, radiator.

KITCHEN: (10'11" x 9'0")
Smooth plaster ceiling, double glazed window to side aspect, double glazed door to side aspect leading to the garage, a range of wall mounted & base level units, roll top work surfaces, stainless steel sink & drainer with mixer tap above, built in gas hob & electric oven with extractor hoof above, tiling to principle areas.

FIRST FLOOR LANDING:
Textured ceiling, loft hatch, airing cupboard.

BEDROOM 1: (11'1" x 10'11")
Smooth plaster ceiling, double glazed window to front aspect, radiator, built in wardrobe.

BEDROOM 2: (10'2" x 9'11")
Textured ceiling, double glazed window to rear aspect, radiator, built in wardrobe.

BEDROOM 3: (9'11" x 8'4")
Smooth plaster ceiling, double glazed window to rear aspect, radiator.

BEDROOM 4: (9'2" x 8'2")
Smooth plaster ceiling, double glazed window to front aspect.

BEDROOM 5: (9'7" x 9'2")
Smooth plaster ceiling, double glazed window to rear aspect, radiator.

BEDROOM 6/STUDY/DRESSING ROOM: (9'3" x 7'2")
Smooth plaster ceiling, double glazed window to front aspect.

FAMILY BATHROOM: (5'11" x 5'7")
Smooth plaster ceiling, Velux window, inset down lighting, panel enclosed bath with shower above, low level WC, wash hand basin, heated towel rail, part tiled walls.

FRONT GARDEN:
Laid to lawn with steps leading up to the front door. Concrete driveway provides off road parking for one car.

GARAGE:
Single garage with outward opening doors, partially converted with a WC to rear & an internal door providing direct access into the kitchen.

REAR GARDEN:
The secluded & enclosed rear garden is of a very good size & is mainly laid to artificial grass with a patio area.

OTHER INFORMATION:

LOCAL COUNCIL: Southampton City Council

COUNCIL TAX BAND: Band C

SELLERS POSITION: No Forward Chain

INFANT/JUNIOR SCHOOL: Harefield Primary School

SECONDARY SCHOOL: Woodlands Community College

Agent Details

Stanford Estate Agents, Bitterne

0238 001 5079

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪