3 Bed Terraced House, Refurb/BRRR, Romsey, SO51 8JF, £350,000

Winchester Road, Romsey, Hampshire, SO51 8JF - 29 views - 10 months ago

Sold STC
Refurb/BRRR
~95 m²
+4 photos

ValuationFair Value

Sold Prices£235K - £620K
Sold Prices/m²£2.9K/m² - £7.1K/m²

 

 

Square Metres

~95.10 m²
Price/m²£3.7K/m²

Value Estimate

£350,000

 

 

End Value (After Refurb)

£411,243

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£42,539

Bridging Loan Interest

£9,188

Total Cash In

£157,677

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£411,243

Mortgage (After Refinance)

£308,432

Mortgage LTV

75%

Cash Released

£45,932

Cash Left In

£111,744

Equity

£102,811

Rent Range

£1,000 - £2,000

Rent Estimate

£1,510

Running Costs/mo

£1,607

Cashflow/mo

£-97

Cashflow/yr

£-1,166

Gross Yield

5%

Local Sold Prices

51 sold prices from £235K to £620K, average is £385K. £2.9K/m² to £7.1K/m², average is £4.4K/m².

PriceDateDistanceAddressBeds 
£415K03/210.09 mi15, Bridge Road, Romsey, Hampshire SO51 8JD3
£315K02/230.09 mi6, Bridge Road, Romsey, Hampshire SO51 8JD3
£307K03/210.09 mi32, Botley Road, Romsey, Hampshire SO51 5AP3
£325K12/200.09 mi30, Tadfield Road, Romsey, Hampshire SO51 5AJ3
£310K12/200.09 mi20, Tadfield Road, Romsey, Hampshire SO51 5AJ3
£310K07/210.13 mi70, Knatchbull Close, Romsey, Hampshire SO51 8WJ3
£310K07/210.13 mi70, Knatchbull Close, Romsey, Hampshire SO51 8WJ3
£327K03/230.13 mi76, Knatchbull Close, Romsey, Hampshire SO51 8WJ3
£510K11/200.15 mi83, Winchester Road, Romsey, Hampshire SO51 8JB3
£415K04/210.15 mi73, Winchester Road, Romsey, Hampshire SO51 8JB3
£340K05/210.16 mi13, Field Close, Romsey, Hampshire SO51 5BN3
£400K10/210.16 mi5, Field Close, Romsey, Hampshire SO51 5BN3
£330K06/210.17 mi76, Latham Road, Romsey, Hampshire SO51 7DB3
£370K06/210.17 mi49, Latham Road, Romsey, Hampshire SO51 7DB3
£375K12/220.17 mi16, Jacobs Close, Romsey, Hampshire SO51 5UZ3
£350K12/220.17 mi9, Jacobs Close, Romsey, Hampshire SO51 5UZ3
£415K03/210.18 mi2, Oakleigh Gardens, Romsey, Hampshire SO51 5AS3
£520K03/230.2 mi1, Southampton Road, Romsey, Hampshire SO51 8AD3
£295K11/200.22 mi34, Winchester Road, Romsey, Hampshire SO51 8AA3
£317K09/210.22 mi32, Winchester Road, Romsey, Hampshire SO51 8AA3
£425K12/220.24 mi22, Mount Temple, Romsey, Hampshire SO51 5UW3
£318K03/210.26 mi14, Petty Close, Romsey, Hampshire SO51 5UY3
£402.5K03/230.26 mi7, Petty Close, Romsey, Hampshire SO51 5UY3
£450K09/230.26 mi29, Petty Close, Romsey, Hampshire SO51 5UY3
£316K01/210.27 mi2, Eight Acres, Romsey, Hampshire SO51 5BQ3
£305K11/200.27 mi42, Mountbatten Avenue, Romsey, Hampshire SO51 8DZ3
£400K12/220.27 mi25, Eight Acres, Romsey, Hampshire SO51 5BP3
£560K08/230.3 mi13, Wills Way, Romsey, Hampshire SO51 5HZ3
£455K05/230.3 mi17, Knyght Close, Romsey, Hampshire SO51 5UX3
£460K10/230.3 mi4, Knyght Close, Romsey, Hampshire SO51 5UX3
£235K04/210.31 mi38, Mercer Way, Romsey, Hampshire SO51 7QH3
£262.5K09/210.31 mi42, Mercer Way, Romsey, Hampshire SO51 7QH3
£315K05/230.32 mi50, Alma Road, Romsey, Hampshire SO51 8ED3
£295K06/230.32 mi48, Alma Road, Romsey, Hampshire SO51 8ED3
£425K07/230.32 mi40, Alma Road, Romsey, Hampshire SO51 8ED3
£405K10/210.32 mi6, Sydmanton Road, Romsey, Hampshire SO51 5RL3
£282.5K05/210.33 mi52, Alma Road, Romsey, Hampshire SO51 8ED3
£460K06/230.34 mi3, New Road, Romsey, Hampshire SO51 7LL3
£340K12/200.34 mi126, Tadburn Road, Romsey, Hampshire SO51 5HS3
£340K07/210.34 mi120, Tadburn Road, Romsey, Hampshire SO51 5HS3
£407K01/230.34 mi128, Tadburn Road, Romsey, Hampshire SO51 5HS3
£460K04/210.35 mi3, Pembroke Close, Romsey, Hampshire SO51 8BS3
£447K03/230.36 mi49, Withy Close, Romsey, Hampshire SO51 7SA3
£385K11/200.36 mi109, The Hundred, Romsey, Hampshire SO51 8BZ3
£620K09/210.36 mi101, The Hundred, Romsey, Hampshire SO51 8BZ3
£450K07/230.36 mi81, The Hundred, Romsey, Hampshire SO51 8BZ3
£450K07/230.36 mi81, The Hundred, Romsey, Hampshire SO51 8BZ3
£548K05/230.36 mi14, Oatlands, Romsey, Hampshire SO51 0GW3
£435K03/230.37 mi7, Linden Road, Romsey, Hampshire SO51 8DA3
£415K08/210.37 mi9, Linden Road, Romsey, Hampshire SO51 8DA3
£275K11/200.37 mi3, The Tyleshades, Romsey, Hampshire SO51 5RJ3

Local Rents

18 rents from £1K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,60009/240.02 miWinchester Road, Romsey, Hampshire, SO513
£1,40009/240.08 miRomsey Hayter Gardens UNFURNISHED3
£1,50012/240.26 miPetty Close, Romsey3
£1,00001/250.28 mi-3
£1,35009/230.4 mi-3
£1,45001/250.4 mi-3
£1,45003/250.4 mi-3
£1,50009/240.42 miDuttons Road, Romsey3
£1,60012/240.48 miViney Avenue, Romsey3
£2,00012/240.49 miPrinces Road, Romsey, Hampshire, SO513
£1,45002/250.5 mi-3
£1,30009/240.5 miRomsey Latimer Street FURNISHED3
£1,45012/240.5 miFairview Drive, ROMSEY3
£1,47512/240.5 miFairview Drive, ROMSEY3
£1,40012/240.53 miWhitenap Lane, Romsey3
£1,35009/240.53 miViney Avenue, Romsey3
£1,30002/240.55 miWessex Gardens, Romsey, SO513
£1,60002/250.62 mi-3

Local Area Statistics

Population in SO51

26,989

Town centre distance

0.35 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £350,000

June 14, 2024

Floor Plans

Description

  • Three Bedrooms +
  • South Facing +
  • Off Road Parking +
  • Huge Potential +

This three bedroom terraced house boasts huge potential for modernisation located in a favoured position close to Romsey Town and benefits from driveway parking for two cars. NO FORWARD CHAIN.

Agent Details

Michael Rhodes, Romsey

01794 514455

Next Steps?

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