4 Bed Bungalow, Refurb/BRRR, Romsey, SO51 7JL, £640,000

Woodley Lane, Romsey, Hampshire, SO51 7JL - 1 views - 10 months ago

Sold STC

Refurb/BRRR

~128 m²

+6 photos

ValuationOvervalued

Sold Prices	£289.9K - £825K
Sold Prices/m²	£3.1K/m² - £9.5K/m²

Square Metres	~128.10 m²
Price/m²	£5K/m²
Value Estimate	£492,746£492,746

End Value (After Refurb)	£501,250£501,250

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£160,000£160,000
Stamp Duty & Legal Fees	£38,300£38,300
Refurb Costs	£57,301£57,301
Bridging Loan Interest	£16,800£16,800
Total Cash In	£274,151£274,151

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£501,250£501,250
Mortgage (After Refinance)	£375,938£375,938
Mortgage LTV	75%75%
Cash Left In	£274,151£274,151
Equity	£125,313£125,313
Rent Range	£1,000 - £3,500£1,000 - £3,500
Rent Estimate	£1,653
Running Costs/mo	£1,917£1,917
Cashflow/mo	£-264£-264
Cashflow/yr	£-3,168£-3,168
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £289.9K to £825K, average is £497.5K. £3.1K/m² to £9.5K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£820K	09/21	0 mi	17, Woodley Lane, Cupernham, Romsey, Hampshire SO51 7JL	£9,535	86	4	Detached House
£495K	06/21	0.11 mi	25, Fairview Drive, Romsey, Hampshire SO51 7LQ	£3,486	142	4	Semi-Detached House
£495K	08/21	0.16 mi	3, Newlyn Walk, Romsey, Hampshire SO51 7WB	£4,342	114	4	Detached House
£700K	05/23	0.16 mi	Wynton, Winchester Hill, Romsey, Hampshire SO51 7ND	-	-	4	Semi-Detached House
£445K	06/21	0.17 mi	2, Newlyn Walk, Romsey, Hampshire SO51 7WB	£3,870	115	4	Terraced House
£470K	08/23	0.17 mi	8, Cupernham Lane, Romsey, Hampshire SO51 7JH	£3,643	129	4	Detached House
£817.5K	04/23	0.17 mi	36, Cupernham Lane, Romsey, Hampshire SO51 7JH	-	-	4	Detached House
£430K	06/21	0.19 mi	3, Home Field, Romsey, Hampshire SO51 7WG	£4,135	104	4	Semi-Detached House
£412.5K	10/20	0.19 mi	16, Home Field, Romsey, Hampshire SO51 7WG	£4,005	103	4	Semi-Detached House
£630K	10/23	0.21 mi	21, New Road, Romsey, Hampshire SO51 7LL	£5,798	109	4	Detached House
£707K	05/23	0.27 mi	20, The Meadows, Romsey, Hampshire SO51 0GX	-	-	4	Detached House
£825K	06/23	0.27 mi	Willow Cottage, Canal Walk, Romsey, Hampshire SO51 7AP	£6,460	128	4	Detached House
£625K	06/21	0.29 mi	70, Cupernham Lane, Romsey, Hampshire SO51 7LF	£4,451	140	4	Detached House
£520K	03/21	0.33 mi	32, Brook Way, Romsey, Hampshire SO51 7JZ	-	-	4	Detached House
£625K	04/23	0.33 mi	14, Brook Way, Romsey, Hampshire SO51 7JZ	£3,765	166	4	Detached House
£660K	01/21	0.36 mi	19, Westbroke Gardens, Romsey, Hampshire SO51 7RQ	-	-	4	Detached House
£345K	08/21	0.39 mi	48, Westering, Romsey, Hampshire SO51 7LY	£3,382	102	4	Semi-Detached House
£340K	03/23	0.4 mi	59, St Blaize Road, Romsey, Hampshire SO51 7JY	-	-	4	Terraced House
£333K	06/21	0.4 mi	54, Cavendish Close, Romsey, Hampshire SO51 7HT	-	-	4	Terraced House
£405K	08/21	0.41 mi	82, Winchester Road, Romsey, Hampshire SO51 8JE	£3,616	112	4	Terraced House
£289.9K	04/21	0.42 mi	8, Tavistock Close, Romsey, Hampshire SO51 7TQ	£3,222	90	4	Terraced House
£595K	05/23	0.42 mi	8, Withy Close, Romsey, Hampshire SO51 7SA	£4,798	124	4	Detached House
£475K	07/21	0.42 mi	70, Withy Close, Romsey, Hampshire SO51 7SA	-	-	4	Semi-Detached House
£500K	02/21	0.42 mi	69, Withy Close, Romsey, Hampshire SO51 7SA	£3,597	139	4	Terraced House
£480K	12/20	0.42 mi	75, Withy Close, Romsey, Hampshire SO51 7SA	£3,609	133	4	Semi-Detached House
£532.5K	01/21	0.43 mi	8, Briar Way, Romsey, Hampshire SO51 7RA	£4,591	116	4	Detached House
£445K	12/20	0.43 mi	13, Tadfield Road, Romsey, Hampshire SO51 5AL	£3,618	123	4	Detached House
£662.5K	12/20	0.47 mi	2, Cedar Lawn, Romsey, Hampshire SO51 7US	£4,866	136	4	Detached House
£480K	11/22	0.48 mi	24, Halterworth Close, Romsey, Hampshire SO51 5QG	£4,752	101	4	Semi-Detached House
£570K	11/20	0.48 mi	2, Grayling Mead, Romsey, Hampshire SO51 7RU	£3,257	175	4	Detached House
£770K	07/23	0.49 mi	2, Sorrel Close, Romsey, Hampshire SO51 7RB	-	-	4	Detached House
£800K	01/23	0.49 mi	4, Sorrel Close, Romsey, Hampshire SO51 7RB	-	-	4	Detached House
£775K	03/23	0.52 mi	55, Horseshoe Drive, Romsey, Hampshire SO51 7TP	£5,576	139	4	Detached House
£525K	11/20	0.52 mi	29, Horseshoe Drive, Romsey, Hampshire SO51 7TP	£4,008	131	4	Detached House
£675K	05/23	0.52 mi	5, Horseshoe Drive, Romsey, Hampshire SO51 7TP	-	-	4	Detached House
£515K	03/23	0.52 mi	37, Jenner Way, Romsey, Hampshire SO51 8PD	£4,440	116	4	Detached House
£460K	09/21	0.53 mi	14, High Firs Gardens, Romsey, Hampshire SO51 5QA	£3,510	131	4	Semi-Detached House
£575K	04/23	0.59 mi	3, Grays Close, Romsey, Hampshire SO51 5PG	£5,088	113	4	Detached House
£480K	05/23	0.59 mi	9, Avon Crescent, Romsey, Hampshire SO51 5PX	-	-	4	Semi-Detached House
£455K	01/21	0.59 mi	17, Mount Temple, Romsey, Hampshire SO51 5UW	£3,856	118	4	Detached House
£445K	06/21	0.6 mi	2, Kennett Close, Romsey, Hampshire SO51 5PR	£3,134	142	4	Semi-Detached House
£645K	04/21	0.6 mi	Hunters Lodge, Winchester Hill, Romsey, Hampshire SO51 7NW	£3,359	192	4	Detached House
£415.5K	12/20	0.62 mi	6, Meon Road, Romsey, Hampshire SO51 5PU	£3,995	104	4	Semi-Detached House
£480K	05/23	0.64 mi	1, Hestia Close, Romsey, Hampshire SO51 8PA	-	-	4	Detached House
£550K	04/23	0.68 mi	69, Station Road, Romsey, Hampshire SO51 8DP	£6,044	91	4	Terraced House
£472.5K	10/22	0.7 mi	135, Tadburn Road, Romsey, Hampshire SO51 5HW	£4,821	98	4	Semi-Detached House
£525K	04/21	0.72 mi	2, St Clements Close, Romsey, Hampshire SO51 8FF	£4,688	112	4	Semi-Detached House
£445K	02/21	0.72 mi	1, St Clements Close, Romsey, Hampshire SO51 8FF	£4,083	109	4	Semi-Detached House
£302.5K	05/21	0.77 mi	37, Woodley Close, Romsey, Hampshire SO51 7PD	£3,324	91	4	Terraced House
£475K	11/20	0.81 mi	56, Palmerston Street, Romsey, Hampshire SO51 8GG	£3,992	119	4	Semi-Detached House

Local Rents

30 rents from £1K/mo to £3.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	12/24	0.11 mi	Fairview Drive, ROMSEY	3	House
£1,475	12/24	0.11 mi	Fairview Drive, ROMSEY	3	House
£1,500	12/24	0.23 mi	Bransley Close, ROMSEY	4	Terraced House
£1,000	01/25	0.27 mi	-	3	Terraced House
£1,400	09/24	0.28 mi	Kinver Close, Romsey	3	Flat
£1,450	02/25	0.3 mi	-	3	Terraced House
£1,350	12/24	0.31 mi	-	4	Semi-Detached House
£1,500	12/24	0.32 mi	Lincoln Close, Romsey	3	Terraced House
£1,400	09/24	0.33 mi	Romsey Hayter Gardens UNFURNISHED	3	Flat
£1,350	09/24	0.34 mi	Viney Avenue, Romsey	3	Detached House
£1,500	12/24	0.34 mi	Romsey Hogarth Close UNFURNISHED	3	House
£1,600	12/24	0.35 mi	Viney Avenue, Romsey	3	House
£1,500	12/24	0.36 mi	Addison Close, Romsey	3	House
£3,400	01/24	0.38 mi	-	5	Detached House
£1,400	09/24	0.39 mi	Romsey Beverley Gardens UNFURNISHED	3	Terraced House
£1,600	09/24	0.39 mi	Winchester Road, Romsey, Hampshire, SO51	3	Terraced House
£1,500	09/24	0.39 mi	Romsey	3	Flat
£1,200	09/24	0.4 mi	Tavistock Close, Romsey, Hampshire, SO51	3	Flat
£1,500	12/24	0.41 mi	Romsey	3	House
£3,500	03/25	0.43 mi	-	5	Detached House
£1,300	10/23	0.44 mi	-	3	Terraced House
£1,300	10/24	0.44 mi	-	3	Terraced House
£2,750	05/24	0.49 mi	-	4	Detached House
£2,000	10/23	0.53 mi	-	4	Detached House
£3,250	12/24	0.58 mi	Braishfield Road, Romsey, Hampshire, SO51	4	Detached House
£1,200	12/23	0.59 mi	-	3	Semi-Detached House
£1,400	06/24	0.59 mi	-	3	Semi-Detached House
£1,495	08/23	0.59 mi	-	3	Semi-Detached House
£1,300	02/24	0.6 mi	Wessex Gardens, Romsey, SO51	3	Detached House
£1,600	12/24	0.62 mi	Romsey Saxon Way FURNISHED	4	Semi-Detached House

Local Area Statistics

Population in SO51	26,98926,989
Town centre distance	0.42 miles away0.42 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £640,000

December 4, 2024

Listed for £620,000

June 15, 2024

Floor Plans

Description

Four Bedroom Detached Bungalow +
Large Plot +
Double Garage +
Ample Off Street Parking +
Desirable Location +
Potential for Modernisation +

Located in a sought after position on a large plot this four bedroom detached bungalow includes a double garage and a delightful private rear garden.

Agent Details

Michael Rhodes, Romsey

01794 514455

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

4 Bed House, Refurb/BRRR, Romsey, SO51 7RL

£900,000

3 views • a month ago • 129 m²

Sold STC

2 Bed Bungalow, Refurb/BRRR, Romsey, SO51 7LW

£270,000

2 views • a month ago • 68 m²

Sold STC

3 Bed House, Refurb/BRRR, Romsey, SO51 8JF

£350,000

29 views • 10 months ago • 95 m²

3 Bed House, Refurb/BRRR, Romsey, SO51 5QX

£325,000

2 views • a month ago • 93 m²

4 Bed Bungalow, Refurb/BRRR, Romsey, SO51 7JL, £640,000

ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

4 Bed House, Refurb/BRRR, Romsey, SO51 7RL

2 Bed Bungalow, Refurb/BRRR, Romsey, SO51 7LW

3 Bed House, Refurb/BRRR, Romsey, SO51 8JF

3 Bed House, Refurb/BRRR, Romsey, SO51 5QX

Investment Opportunity

Local Sold Prices

Local Rents