2 Bed Flat, Single Let, Eastleigh, SO50 5TH, £140,000

Chamberlayne Road, Eastleigh, SO50 5TH - 10 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£92.5K - £250K
Sold Prices/m²£1.4K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£170,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£875 - £1,450

Rent Estimate

£881

Running Costs/mo

£634

Cashflow/mo

£247

Cashflow/yr

£2,968

ROI

7%

Gross Yield

8%

Local Sold Prices

43 sold prices from £92.5K to £250K, average is £185K. £1.4K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£205K08/230.08 mi18a, Derby Road, Eastleigh, Hampshire SO50 5HP2
£202K01/210.13 mi43, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£210K12/220.13 mi29, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£175K03/210.21 mi16, William Panter Court, Eastleigh, Hampshire SO50 5GL2
£175K06/210.25 mi53, Drum Road, Eastleigh, Hampshire SO50 5ST2
£165K04/210.25 mi5, Drum Road, Eastleigh, Hampshire SO50 5ST2
£175K11/210.26 mi66, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£197K03/230.26 mi52, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£150K06/230.29 miApartment 4, Hanns Mews, Hanns Way, Eastleigh, Hampshire SO50 5NZ2
£170K03/210.29 mi67, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£195K02/230.29 mi73, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£97.5K05/230.3 mi41, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£194K03/210.3 mi54, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K11/200.3 mi52, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K03/210.3 mi1a, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£180K09/210.3 mi17, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£165K01/210.37 mi57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£185K02/230.37 mi37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£170K03/230.37 mi43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£180K06/230.41 mi10, Pluto Road, Eastleigh, Hampshire SO50 5GD2
£195K02/230.42 mi76, Tinning Way, Eastleigh, Hampshire SO50 9QH2
£207K02/210.43 mi69, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£190K03/210.43 mi34, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£92.5K09/210.43 mi53, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£175K02/210.43 mi30, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£220K03/230.45 mi118, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£180K11/200.45 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£182K04/210.45 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£200K12/220.45 mi94, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£195K09/210.5 mi59, Dakota Way, Eastleigh, Hampshire SO50 5TY2
£165K01/210.66 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£167.5K06/230.66 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£175K05/210.77 miFlat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£180K01/210.77 miFlat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£190K05/230.77 miFlat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£185K03/230.77 miFlat 19, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£185K03/230.91 mi160, Alexander Square, Eastleigh, Hampshire SO50 4BX2
£190K02/210.92 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£200K07/230.92 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£168.5K03/230.93 mi69, Alexander Square, Eastleigh, Hampshire SO50 4BW2
£175K07/210.93 mi23, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX2
£235K02/210.95 miFlat 16, Itchen Grange, Church Road, Eastleigh, Hampshire SO50 6QQ2
£250K10/230.95 miFlat 8, Itchen Grange, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6QQ2

Local Rents

25 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.15 mi-2
£1,10012/240.17 miNutbeem Road, Eastleigh, SO502
£1,00012/240.18 miHigh Street, Eastleigh, SO502
£1,25012/240.22 mi-2
£1,45011/240.23 mi-2
£1,15012/240.26 miDrum Road2
£1,19511/240.28 mi-2
£87502/240.29 miHanns Way, Eastleigh, SO502
£1,10009/240.29 miHanns Mews, Hanns Way, Eastleigh2
£1,05009/240.29 miHigh Street, Eastleigh2
£1,10009/240.31 miGeorge Raymond Road, Eastleigh, SO502
£1,20009/240.32 mi-2
£1,10004/250.32 mi-2
£1,20012/240.36 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO502
£1,20009/240.37 miBenny Hill Close2
£1,00012/240.4 mi|Ref: R153867|, Leigh Road, Eastleigh, SO50 9DT2
£92509/240.41 mi-2
£1,20009/240.41 mi-2
£1,20009/240.41 miHeinz Burt Close, Eastleigh, SO502
£1,35004/250.42 mi-2
£1,15012/240.45 miArchers Road SILVER SUB, Eastleigh, SO502
£1,10009/240.48 miArchers Road, Eastleigh2
£1,10012/240.49 miSouthampton Road, EASTLEIGH2
£1,20009/240.5 miDakota Way, Eastleigh2
£1,10011/240.56 mi-2

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £140,000

January 19, 2025

Listed for £160,000

June 26, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Two Bathrooms +
  • No Chain +
  • Eastleigh Town Centre Location +
  • Parking +

SUMMARY
This well-maintained first-floor flat in Eastleigh boasts a spacious lounge diner with a Juliet balcony, a fitted kitchen, two generous bedrooms (one en-suite), and an additional bathroom. With allocated parking and a prime location near Eastleigh town centre and excellent travel links.

DESCRIPTION
This beautifully maintained first-floor flat in Eastleigh offers spacious and modern living.
The flat features a bright lounge diner with a Juliet balcony, seamlessly connected to a fully fitted kitchen, perfect for open-plan living.
It includes two generous bedrooms, with the master bedroom benefiting from an en-suite, and an additional well-appointed bathroom.
Outside, you'll find allocated parking.
Located in a desirable area near Eastleigh town centre with excellent travel links, this flat is an ideal first-time buy or investment opportunity.
Offered with no onward chain.

Entrance Hall  
Intercom. Radiator. 2 Storage cupboards with shelving.

Lounge Diner 14' 2" max x 11' 3" ( 4.32m max x 3.43m )
Double glazed window to front aspect. Juliet balcony. TV port. Telephone port. Radiator.

Kitchen 8' 3" max x 7' 5" ( 2.51m max x 2.26m )
Double glazed window to front aspect. Fitted kitchen with wall and base units. Space for appliances. Gas hob. Extractor fan. Boiler in cupboard.

Bedroom 1 12' 2" not into excess x 10' 9" ( 3.71m not into excess x 3.28m )
Double glazed window to side aspect. Radiator. TV port. Carpet.

En-Suite 
Shower cubicle. WC. Vanity sink. Extractor fan. Radiator.

Bedroom 2 11' 5" into excess x 10' 4" ( 3.48m into excess x 3.15m )
Double glazed window to side aspect. Radiator. Carpet.

Bathroom  
WC. Vanity sink. Bath. Radiator. Extractor fan.

Outside 
One allocated parking space. Bike and bin storage.

Agent Notes 
Ground rent £500 pa
Service charges £1493.74 pa

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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.
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.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Eastleigh

0238 144 9895

Next Steps?

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