3 Bed Flat, Single Let, Southampton, SO16 5NZ, £159,950

|Ref: L808222| Purbrook Close, Southampton, SO16 5NZ - 7 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 12%
~52 m²
+5 photos

ValuationFair Value

Sold Prices£107.5K - £395K
Sold Prices/m²£1.8K/m² - £4K/m²

 

 

Square Metres

~52.49 m²
Price/m²£3K/m²

Value Estimate

£161,607

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£6,150

Total Cash In

£46,138

 

 

Cash Out

 

Rent Range

£1,250 - £2,300

Rent Estimate

£1,284

Running Costs/mo

£777

Cashflow/mo

£507

Cashflow/yr

£6,088

ROI

13%

Gross Yield

10%

Local Sold Prices

13 sold prices from £107.5K to £395K, average is £187.5K. £1.8K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£151K04/230.03 mi20, Purbrook Close, Southampton SO16 5NZ3
£177.5K04/230.86 miFlat 3, Norcroft Court, Winchester Road, Southampton SO16 6UB3
£250K02/230.93 mi41, Vermont Close, Bassett, Southampton SO16 7LT3
£205K06/211.16 miFlat 6, Gables Court, Bassett Avenue, Southampton SO16 7LX3
£235K03/231.16 miFlat 1, Gables Court, Bassett Avenue, Southampton SO16 7LX3
£187.5K06/211.17 miFlat 26, Chelwood Gate, Glen Eyre Road, Southampton SO16 3TZ3
£160K04/231.25 mi179, Irving Road, Southampton SO16 4EJ3
£107.5K02/211.25 mi179, Irving Road, Southampton SO16 4EJ3
£220K04/211.7 miFlat 1, Winn Court, Winn Road, Southampton SO17 1UZ3
£130K04/211.71 mi115, Chiltern Green, Southampton SO16 4BB3
£130K12/201.76 mi29, Colwell Close, Southampton SO16 9GW3
£290K12/222.66 mi71, Riverdene Place, Southampton SO18 1UH3
£395K12/202.8 mi114, Testwood Lane, Totton, Southampton, Hampshire SO40 3QS3

Local Rents

36 rents from £1.3K/mo to £2.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30003/250.05 mi-3
£1,30009/240.09 miPetworth Gardens, Southampton3
£1,40009/240.13 miOakwood Drive - SILVER SUB, Southampton, Hampshire, SO163
£1,45002/240.14 mi-3
£1,45009/240.15 miLyburn Close, Southampton SO163
£1,35001/240.15 mi-3
£1,35009/240.17 miLordswood, Southampton3
£1,50011/240.21 mi-3
£1,35007/240.22 mi-3
£1,42509/240.24 mi|Ref: R199258|, Springford Road, Southampton, SO16 5HX3
£1,55011/240.26 mi-3
£1,79509/240.27 miDunkirk Close, Southampton, Hampshire, SO163
£1,35009/240.27 miOakwood Drive, SOUTHAMPTON3
£1,89511/240.27 mi-3
£1,89504/250.27 mi-3
£1,89001/250.27 mi-3
£1,79502/250.27 mi-3
£1,89504/250.27 mi-3
£1,50003/250.27 mi-3
£1,25009/240.36 miTurnstone Gardens, Lordswood, Southampton3
£2,30004/250.37 mi-3
£1,60009/240.38 miPlover Close, Southampton, Hampshire, SO163
£1,39510/230.38 mi-3
£1,29509/240.39 miArnhiem Road, Lordswood3
£1,65001/250.39 mi-3
£1,40009/240.39 miLewis Silkin Way, Southampton, SO163
£1,30012/240.39 mi-3
£1,49512/240.44 mi-3
£1,35012/240.48 mi-3
£1,40002/250.49 mi-3
£1,40009/240.51 miHarrier Close, Lordswood, SO163
£1,45003/250.52 mi-3
£1,55004/250.52 mi-3
£1,47509/240.56 miCaistor Close, SOUTHAMPTON3
£1,50009/240.6 mi-3
£1,50009/240.6 miOlive Road, Southampton, SO163

Local Area Statistics

Population in SO16

66,270

Population in Southampton

428,247

Town centre distance

2.18 miles away

Nearest school

0.10 miles away

Nearest train station

2.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £159,950

December 4, 2024

Listed for £165,000

June 4, 2024

Floor Plans

Description

| * GREAT INVESTMENT OPPORTUNITY OR IDEAL FOR FTB * | * VIRTUAL TOUR LINK ATTACHED * | * CHAIN FREE * | * GAS CENTRAL HEATING * | * COUNCIL TAX BAND: A * | * TWO GROUND FLOOR STORAGE ROOMS * | * EPC BAND: D * | Located in the popular area of Southampton is this well presented two/three bedroom top/third floor apartment. The property is located within walking distance or a short drive from local amenities, shops, General Hospital and local schools. The property comprises spacious lounge, fitted kitchen, two bedrooms, one study room/third bedroom and a family bathroom with bath and shower over. Further benefits include: gas central heating, two storage rooms on the ground floor, a spacious balcony, secured intercom entry system & UPVC double glazed windows. Measurement: Lounge (4.29m x 3.60): Laminate flooring, 4 panes sash windows facing the front aspect of the property, smooth skimmed ceiling with dome light unit, radiator under the window, range of power sockets, door to the entrance hall & balcony. Kitchen (2.99m (max) x 2.45m): Fitted kitchen comprising of eye and base level units with roll edge work surfaces over. Tiling to principle areas. Bowl sink unit with mixer tap over. Space for washing machine & fridge freezer, oven and hob. Wall mounted gas boiler. Door to the entrance hall. Master bedroom (3.59m x 3.58m (max)): Smooth skimmed ceiling, three panes UPVC double glazed windows facing the front aspect of the property, range of power sockets,  multidirectional  light, built-in wardrobe, door to the entrance hall. Bedroom two (3.61m x 2.71m): Smooth skimmed ceiling, three panes UPVC double glazed windows facing the back aspect of the property, radiator, multidirectional  light, door to the entrance hall. Bedroom three / Study room (2.67m x 1.63m): Smooth skimmed ceiling, three panes UPVC double glazed windows facing the back aspect of the property, radiator, multidirectional  light, door to the entrance hall. Bathroom (2.12m x 1.65m): Textured ceiling with single drop light unit, fitted 3-piece bathroom suite comprising of pedestal wash hand basin, low level W.C. Inset bath with mixer taps and shower attachment over, tiling to principle areas, three panes obscure window. 

Important Information: Tenure: Leasehold Seller Position: Chain Free Lease left on the property: 112 years (125 years from 01/01/2012) Service charge: £657pa Ground rent: £pa Council: Southampton City Council Council Tax Band: A (£1,438.00 pa) EPC Band: D  (Valid Until: 26/09/2026) Flood risk: No risk Heating System: Gas Central Heating Disclaimer: 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. There will be a charge of £40 inc of vat per person to carry out online AML check 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 however effort has been made to ensure correct measurement with minor error has been stated. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: No apparatus, equipment, fixtures, fittings or services has been tested and it is the buyers interests to check the working condition of any appliances. 6: Century21 has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. 7. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. the matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Century21 Southampton nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Agent Details

Century21 Southampton, Southampton

0238 214 5371

Next Steps?

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