2 Bed Flat, Single Let, Southampton, SO17 1XQ, £160,000

The Avenue, Southampton, SO17 1XQ - 1 views - a year ago

Sold STC
Leasehold
BTL
ROI: 7%
~76 m²
+3 photos

ValuationUndervalued

Sold Prices£104K - £525K
Sold Prices/m²£2.2K/m² - £3.8K/m²

 

 

Square Metres

~75.90 m²
Price/m²£2.1K/m²

Value Estimate

£200,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£875 - £1,700

Rent Estimate

£984

Running Costs/mo

£717

Cashflow/mo

£267

Cashflow/yr

£3,206

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £104K to £525K, average is £181K. £2.2K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£202K12/200.11 mi12, Moore Close, Southampton SO15 2RS2
£178.5K04/230.16 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.16 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£153K12/200.24 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£210K04/230.27 mi5, Padwell Road, Southampton SO14 6QY2
£190K07/210.27 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.27 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.27 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£192K11/210.34 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.34 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.34 mi16, James Weld Close, Southampton SO15 2SW2
£160K08/230.35 mi8a, Rigby Road, Southampton SO17 2EU2
£210K06/230.38 mi2, Arlott Court, Southampton SO15 2RZ2
£197K08/230.38 mi30, Arlott Court, Southampton SO15 2RZ2
£150K09/210.4 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.4 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.4 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£160K02/230.4 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£182K09/210.4 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.4 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£190K05/210.41 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£202K12/210.43 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£252.5K07/230.45 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£174K07/210.46 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.46 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£138K07/210.47 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£177.5K01/230.47 miFlat 5, Grenville Court, Silverdale Road, Southampton SO15 2TD2
£190K06/230.53 miFlat 17, Dorval House, Silverdale Road, Southampton SO15 2NH2
£104K04/210.55 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£173.5K06/210.59 mi94 Stokes Court, The Dell, Southampton SO15 2PR2
£170K03/230.61 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.61 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£197.5K09/230.61 mi5, Kenilworth Road, Southampton SO15 2GD2
£250K03/230.65 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£178K11/210.7 mi33a, Norfolk Road, Southampton SO15 5AT2
£118.5K12/200.71 mi51a, Alfred Street, Southampton SO14 0NB2
£525K12/200.73 mi103, Highfield Lane, Southampton SO17 1NN2
£163.5K04/230.74 miFlat 4, Bloomsbury Court, Charlton Road, Shirley, Southampton SO15 5FN2
£168K06/210.75 mi31, Adelaide Road, Southampton SO17 2HU2
£152K08/210.75 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£185K12/210.75 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£230K07/230.76 mi48, Rollesbrook Gardens, Southampton SO15 5WB2
£219K08/210.76 mi58, Rollesbrook Gardens, Southampton SO15 5WB2
£197K04/210.78 mi104, Rollesbrook Gardens, Southampton SO15 5WD2
£170K05/210.82 mi23, Lincoln Court, Southampton SO15 7PY2
£200K08/230.82 mi19, Lincoln Court, Southampton SO15 7PY2
£167K08/210.84 mi100b, Adelaide Road, Southampton SO17 2HX2
£177K02/210.84 mi16, Arthur Road, Southampton SO15 5DY2
£152K03/210.86 miFlat 7, Droffats House, Stafford Road, Southampton SO15 5RS2
£130K02/210.86 miFlat 20, Shelley Court, Hill Lane, Southampton SO15 5SN2

Local Rents

48 rents from £875/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.04 miAvenue Road, Central2
£1,20009/240.05 miCavendish Grove, The Avenue, Southampton, SO172
£1,00009/240.07 miAlma Road, Southampton2
£1,50009/240.08 mi-2
£1,35004/250.08 mi-2
£1,25009/240.08 miWestwood Road, SOUTHAMPTON2
£1,25009/240.09 miModern 2 Bedroom Flat | The Avenue | Available NOW2
£1,20009/240.09 mi2 Bedroom Apartment | The Avenue | Available NOW2
£1,40009/240.09 mi2 Bedroom Flat | The Avenue | Available 1st September 20242
£1,55009/240.11 mi2 Bedroom Apartment | The Avenue | Available 1st March 20242
£1,50009/240.11 mi2 Bedroom Apartment | The Avenue | Available 1st September 20242
£1,30009/240.11 mi2 Bedroom Apartment | The Avenue | Available 1st September 20242
£1,20004/250.12 mi-2
£1,40009/240.12 mi-2
£1,20001/250.12 mi-2
£1,20009/240.13 miWestwood Road, Southampton2
£1,60009/240.14 miAspen House, Southampton, SO152
£1,45009/240.14 mi-2
£1,45009/240.14 miHulse Road, Southampton2
£1,49910/240.14 mi-2
£1,41709/240.14 mi-2
£1,19504/250.14 mi-2
£1,25004/250.14 mi-2
£1,05012/240.14 mi-2
£1,30009/240.15 miHulse Road, Banister Park, Southampton, Hampshire, SO152
£1,25009/240.16 miBanister Park, Southampton2
£1,50010/240.16 mi-2
£1,50009/240.16 miBuckingham Court, Southampton, SO172
£1,20009/240.17 miCarlton Court, Banister Park2
£1,25009/240.17 miCarlton Court, Southampton SO152
£1,10009/240.17 miHulse Road, Southampton2
£1,32509/240.17 miHulse Road, Southampton2
£1,25009/240.17 miWestwood Road , Southampton 2
£1,20009/240.17 miCambridge Road, Southampton, Hampshire, SO142
£1,29502/240.17 miLingdale Place, 19 Westwood Road2
£1,20009/240.18 miHulse Road,Banister Park ,Southampton2
£1,15009/240.18 miHulse Road. Banister Park2
£1,39509/240.18 miHulse Road, SOUTHAMPTON2
£1,39509/240.18 mi|Ref: R203909|, Hulse Road, Southampton, SO15 2QZ2
£1,35009/240.19 mi2 Bedroom Flat | Inner Avenue | Available NOW2
£87509/240.2 miCedar Road, SOUTHAMPTON2
£1,40008/240.21 mi-2
£1,30009/240.22 miWinn Road, Southampton, Hampshire, SO172
£1,10009/240.23 miPadwell Road, Portswood, Southampton, SO142
£1,30004/250.24 mi-2
£1,70001/250.24 mi-2
£1,30009/240.25 miWinn Road, Southampton2
£1,35009/240.25 miWinn Road, Southampton2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £160,000

December 19, 2024

Listed for £170,000

May 2, 2024

Floor Plans

Description

  • Second Floor Apartment +
  • No Forward Chain +
  • Two Generous Bedrooms +
  • Open Plan Living With Kitchenette +
  • Fantastic Location +
  • Ideal For Southampton University +
  • Close Proximity To The Common +
  • Call For Further Details +

Welcome To The Avenue! Available with No Forward Chain, this fantastic second floor apartment would make a fantastic first time buy, or investment opportunity, situated within walking distance of Southampton University. Tucked away in the coveted Inner Avenue district, this exquisite two-bedroom apartment positioned perfectly between the vibrant City Centre and the serene Southampton Common. The property is accessed via secure door entry system and stairs lead to the second floor, the property is located on the left and overlooks a quiet road to the front and has views over neighbouring gardens to the rear. The spacious open-plan living area beckons you to relax and unwind, bathed in natural light pouring in through the expansive windows. Whether you're lounging in the cozy seating area or enjoying a meal in the dining space, this versatile layout caters to your every whim. Indulge your inner chef in the sleek, modern kitchen, featuring chic grey cabinets, sleek countertops, and high-end appliances. With its thoughtful design and side window offering a glimpse of the outdoors, cooking here is a delight. Retreat to the comfort of the generously sized master bedroom, flooded with sunlight and tranquility. Meanwhile, the second bedroom offers flexibility, ready to adapt to your changing needs. The apartment is serviced by a small shower room located between the living and bedroom space. The hallway features a useful storage cupboard and provides access to all key rooms.  The property does not come with parking and this does not impact the rental potential of the property given the area it sits within. We have been informed that on road parking permits can be available from Southampton City Council, however this has not been verified and we ask all buyers to make their own enquiries. Key Measurements: Open Plan Lounge/diner 13' 2" MAX x 13' 6" MAX ( 4.01m MAX x 4.11m MAX ) Bedroom One 9' 9" x 7' 9" ( 2.97m x 2.36m ) Bedroom Two 10' 6" x 6' 1" ( 3.20m x 1.85m ) Useful Additional Information

  • Additional Information
  • Leasehold Term 118 Years left
  • Service Charge £1352.92 pa
  • Ground rent is £350 pa
  • Flood Risk: None Disclaimer Property Details: Whilst believed to be accurate all details are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor tested the services, appliances, and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate.

Agent Details

Marco Harris, Southampton

0238 001 5078

Next Steps?

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