3 Bed Terraced House, Refurb/BRRR, Southampton, SO16 9JF, £200,000

Porlock Road, Millbrook, Southampton, SO16 9JF - 3 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£165K - £420K
Sold Prices/m²£2.1K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£204,000

 

 

End Value (After Refurb)

£267,744

Uplift in Value

+34%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£41,600

Bridging Loan Interest

£5,250

Total Cash In

£105,800

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£267,744

Mortgage (After Refinance)

£200,808

Mortgage LTV

75%

Cash Released

£50,808

Cash Left In

£54,992

Equity

£66,936

Rent Range

£1,200 - £3,200

Rent Estimate

£1,730

Running Costs/mo

£1,203

Cashflow/mo

£527

Cashflow/yr

£6,328

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £165K to £420K, average is £243K. £2.1K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£215K07/230.02 mi100, Porlock Road, Southampton SO16 9JF3
£215K02/210.07 mi25, Durlston Road, Southampton SO16 9JJ3
£245K11/210.15 mi58, Porlock Road, Southampton SO16 9JD3
£250K08/230.19 mi20, Porlock Road, Southampton SO16 9HX3
£200K07/210.23 mi154, Kendal Avenue, Millbrook, Southampton SO16 9LW3
£275K07/230.26 mi22, Coniston Road, Redbridge, Southampton SO16 9BT3
£225K12/200.31 mi37, Sedbergh Road, Southampton SO16 9GZ3
£250K07/230.31 mi251, Mansel Road West, Southampton SO16 9LP3
£420K09/210.33 mi47, Gover Road, Southampton SO16 9BQ3
£246K08/210.36 mi282, Mansel Road West, Southampton SO16 9LN3
£212K08/210.36 mi274, Mansel Road West, Southampton SO16 9LN3
£258K07/230.38 mi7, Hayburn Road, Southampton SO16 9PF3
£249.5K10/210.41 mi4, Evenlode Road, Southampton SO16 9ER3
£218K12/200.41 mi2, Evenlode Road, Southampton SO16 9ER3
£253K05/230.41 mi24, Waveney Green, Southampton SO16 9DB3
£300K01/230.42 mi23, Test Lane, Southampton SO16 9BH3
£199.9K12/210.44 mi20, Maplin Road, Southampton SO16 9PP3
£240K03/210.45 mi28, Brunel Road, Southampton SO15 0LQ3
£265K02/230.47 mi103, Brunel Road, Southampton SO15 0LR3
£227.5K02/210.47 mi109, Brunel Road, Southampton SO15 0LR3
£241K01/210.47 mi6, Oak Close, Southampton SO15 0LZ3
£218.3K08/210.5 mi106, Windermere Avenue, Southampton SO16 9GB3
£250K04/210.51 mi63, Brookwood Road, Southampton SO16 9AH3
£190K06/210.52 mi6, Isis Close, Southampton SO16 9BZ3
£250K04/230.52 mi8, Isis Close, Southampton SO16 9BZ3
£212K11/200.53 mi3, Welland Green, Southampton SO16 9DL3
£270K01/210.54 mi43, Parkside Avenue, Southampton SO16 9AF3
£248K02/210.55 mi52, Teme Crescent, Southampton SO16 9DH3
£290K02/230.55 mi20, Flamborough Close, Millbrook, Southampton SO16 9QP3
£235K06/210.55 mi26, Lulworth Green, Southampton SO16 9FT3
£205K05/210.56 mi33, Windbury Road, Millbrook, Southampton SO16 9NP3
£202.5K04/210.56 mi1, Windbury Road, Millbrook, Southampton SO16 9NP3
£242K09/210.56 mi23, Windbury Road, Millbrook, Southampton SO16 9NP3
£230K01/210.63 mi72, Atherfield Road, Southampton SO16 9NG3
£270K07/230.65 mi10, St Brelade Place, Lordshill, Southampton SO16 9PU3
£266K07/230.65 mi197, Wimpson Lane, Southampton SO16 4PZ3
£255K01/230.65 mi247, Wimpson Lane, Southampton SO16 4PZ3
£165K03/210.66 mi28, Tindale Road, Southampton SO16 9EW3
£375K12/220.69 mi54, Cowley Close, Southampton SO16 9WD3
£244K05/210.7 mi23, Cowley Close, Southampton SO16 9WD3
£190K12/200.74 mi7, Quantock Road, Southampton SO16 4AL3
£240K12/200.74 mi22, Cumbrian Way, Southampton SO16 4AN3
£220K10/210.74 mi40, Jersey Close, Southampton SO16 9PW3
£190K11/200.74 mi40, Jersey Close, Southampton SO16 9PW3
£315K09/210.75 mi5, Glencoyne Gardens, Southampton SO16 9JU3
£275K05/230.76 mi53, Maybush Road, Southampton SO16 9ET3
£312.5K10/210.76 mi27, Maybush Road, Southampton SO16 9ET3
£216K03/210.76 mi25, Maybush Road, Southampton SO16 9ET3
£318.5K12/220.76 mi31, Maybush Road, Southampton SO16 9ET3
£195K12/200.77 mi33, Guernsey Close, Southampton SO16 9PX3

Local Rents

32 rents from £1.2K/mo to £3.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.13 mi-3
£1,47509/240.2 miPorlock Road,Southampton3
£1,39509/240.26 miCuckmere Lane, Southampton, Hampshire, SO163
£1,50009/240.53 miWindbury Road, SOUTHAMPTON3
£1,20009/240.57 miLower Brownhill Road, Southampton3
£1,30003/250.65 mi-3
£2,25009/240.69 miNursling3
£1,40009/240.77 miWatts Close, Southampton3
£1,35009/240.8 miCardinal Place, SO163
£1,40003/250.83 mi-3
£2,10001/250.92 mi-3
£1,60009/241.01 miRosewall Road, SOUTHAMPTON3
£1,60009/241.01 miOrion Close, Southampton, Hampshire, SO163
£3,20003/251.02 mi-3
£1,60002/251.02 mi-3
£1,50001/251.05 mi-3
£1,80012/241.05 mi-3
£1,25009/241.08 miCoxford Close, SOUTHAMPTON3
£2,99509/241.1 mi-3
£2,65004/251.1 mi-3
£1,45012/241.11 mi-3
£1,60010/241.12 mi-3
£1,52510/241.12 mi-3
£1,65009/241.12 miWarren Close, Southampton, SO163
£1,50009/241.13 miMillbrook Road West, SO153
£1,55003/251.14 mi-3
£1,60011/241.14 mi-3
£1,49508/241.15 mi-3
£1,45009/241.18 miRomsey Road, Southampton3
£1,60009/241.21 miStanton Road, Regents Park, Southampton, Hampshire, SO15 4HU3
£1,60002/251.22 mi-3
£1,35004/251.23 mi-3

Local Area Statistics

Population in SO16

66,270

Population in Southampton

428,247

Town centre distance

3.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £200,000

July 23, 2024

Floor Plans

Description

  • 3 BEDROOMS +
  • TERRACED HOUSE +
  • LOUNGE/DINER +
  • KITCHEN +
  • 1ST FLOOR BATHROOM +
  • DOUBLE GLAZING +
  • VACANT +
  • GREAT POTENTIAL +

An excellent opportunity has arisen to purchase a spacious three bedroom terraced house which is now in need of modernisation. 

The property is situated in a popular road within a short drive of Southampton hospital, City Centre and local amenities in Shirley.

The property has double glazing and there is NO CHAIN so an early viewing is recommended.

Enclosed Porch

Hall:
Understairs space.

Landing
Loft access, double glazed window to rear elevation, doors to:

Lounge/Dinner
18' 2" (5.54m) x 14' (4.27m) Narrowing to 10'9
Fireplace and gas fire, double glazed windows front and rear elevation.

Kitchen
9' 9" (2.97m) x 8' 9" (2.67m):
Requires modernisation, fitted cupboards, sink unit and work surface, tiled splashback, double glazed window to rear elevation, doors to:

Utility
6' 9" (2.06m) x 6' 5" (1.96m):
Doors to front elevation.

Bedroom one
12' 5" (3.78m) x 9' 8" (2.95m):
Built in wardrobe and airing cupboard housing hot water tank, double glazed window to front elevation.

Bedroom two
11' (3.35m) x 10' (3.05m):
Double glazed window to front elevation.

Bedroom three
8' (2.44m) x 7' 9" (2.36m):
Built in wardrobe, double glazed window to rear elevation.

Bathroom
Panel enclosed bath, hand wash basin, tiled splashback, double glazed window to rear elevation.

Separate W.C.
W.C., double glazed window to rear elevation.

External

**Front **
Enclosed with paved hard standing space.

**Rear **
Good size rear garden, being enclosed by walling with paved patio area and lawns.

Agent Details

Field Palmer, Shirley

0238 078 0787

Next Steps?

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

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