2 Bed Flat, Refurb/BRRR, Southampton, SO17 1EP, £200,000

Winn Road, Southampton, Hampshire, SO17 1EP - 7 months ago

Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£104K - £525K
Sold Prices/m²£2K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£192,981

 

 

End Value (After Refurb)

£218,834

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£30,760

Bridging Loan Interest

£5,250

Total Cash In

£98,960

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£218,834

Mortgage (After Refinance)

£164,125

Mortgage LTV

75%

Cash Released

£14,125

Cash Left In

£84,834

Equity

£54,708

Rent Range

£800 - £1,700

Rent Estimate

£1,251

Running Costs/mo

£954

Cashflow/mo

£297

Cashflow/yr

£3,563

ROI

4%

Gross Yield

8%

Local Sold Prices

47 sold prices from £104K to £525K, average is £180K. £2K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£190K07/210.08 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.08 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.08 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£182K09/210.09 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.09 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£190K05/210.09 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£252.5K07/230.11 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£174K07/210.11 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.11 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£202K12/210.11 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£178.5K04/230.19 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.19 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£138K07/210.29 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£160K08/230.34 mi8a, Rigby Road, Southampton SO17 2EU2
£160K02/230.37 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K09/210.39 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.39 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.39 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£525K12/200.39 mi103, Highfield Lane, Southampton SO17 1NN2
£152K08/210.42 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£202K12/200.45 mi12, Moore Close, Southampton SO15 2RS2
£185K12/210.47 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£210K04/230.5 mi5, Padwell Road, Southampton SO14 6QY2
£153K12/200.58 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£168K06/210.6 mi31, Adelaide Road, Southampton SO17 2HU2
£167K08/210.61 mi100b, Adelaide Road, Southampton SO17 2HX2
£192K11/210.66 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.66 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.67 mi16, James Weld Close, Southampton SO15 2SW2
£210K06/230.68 mi2, Arlott Court, Southampton SO15 2RZ2
£197K08/230.68 mi30, Arlott Court, Southampton SO15 2RZ2
£104K04/210.74 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£195K06/230.77 miFlat 19, St Michaels Court, Priory Close, Southampton SO17 2FR2
£177.5K01/230.79 miFlat 5, Grenville Court, Silverdale Road, Southampton SO15 2TD2
£170K07/230.8 mi217, Priory Road, St Denys, Southampton SO17 2LR2
£170K05/210.82 mi23, Lincoln Court, Southampton SO15 7PY2
£200K08/230.82 mi19, Lincoln Court, Southampton SO15 7PY2
£163K01/230.85 mi619, Portswood Road, Southampton SO17 3SL2
£190K06/230.87 miFlat 17, Dorval House, Silverdale Road, Southampton SO15 2NH2
£118.5K12/200.88 mi51a, Alfred Street, Southampton SO14 0NB2
£173.5K06/210.93 mi94 Stokes Court, The Dell, Southampton SO15 2PR2
£170K03/230.94 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.94 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£197.5K09/230.95 mi5, Kenilworth Road, Southampton SO15 2GD2
£145K08/210.95 mi72b, Bitterne Road West, Southampton SO18 1AP2
£178K11/210.98 mi33a, Norfolk Road, Southampton SO15 5AT2
£250K03/230.98 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2

Local Rents

47 rents from £800/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.02 miWinn Road Highfield Southampton2
£1,35009/240.06 mi-2
£1,25009/240.07 miWestwood Road2
£80009/240.08 miParklands, Westwood Road2
£1,35009/240.09 miWestwood Road, Portswood2
£1,20009/240.11 miWestwood Road, Highfield2
£1,20009/240.11 miWestwood Road, Southampton, SO172
£1,70001/250.11 mi-2
£1,35009/240.13 mi-2
£1,30009/240.13 miWinn Road, Southampton2
£1,35009/240.13 miWinn Road, Southampton2
£1,30004/250.13 mi-2
£1,29502/240.17 miLingdale Place, 19 Westwood Road2
£1,39509/240.17 miOakmount Avenue, Highfield, Southampton, Hampshire, SO172
£1,25009/240.18 miWestwood Road , Southampton 2
£1,30009/240.18 miWinn Road, Southampton, Hampshire, SO172
£1,50010/240.19 mi-2
£1,50009/240.19 miBuckingham Court, Southampton, SO172
£1,20009/240.22 miWestwood Road, Southampton2
£1,10009/240.23 miAlma Road, Portswood, Southampton2
£1,05009/240.24 miPortswood Road, SOUTHAMPTON2
£1,05009/240.24 miPortswood Road, SOUTHAMPTON2
£1,05009/240.25 mi|Ref: R204016|, Portswood Road, Southampton, SO17 2FU2
£1,05009/240.25 mi|Ref: R152070|, Portswood Road, Southampton, SO17 2FU2
£1,25002/250.26 mi-2
£1,25002/250.26 mi-2
£1,12009/240.26 miPortswood Road, Southampton2
£1,20003/250.27 mi-2
£1,25009/240.27 miWestwood Road, SOUTHAMPTON2
£1,00009/240.28 miPortswood Road, Southampton2
£1,00009/240.28 miAlma Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,27509/240.28 miPortswood Road, Southampton2
£1,28509/240.28 miPortswood Road, Southampton2
£1,32009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,29509/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,30009/240.28 miPortswood Road, Southampton2
£1,33509/240.28 miPortswood Road, Southampton2
£1,33509/240.28 miPortswood Road, Southampton2
£1,25009/240.28 miPortswood Road, Southampton2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £200,000

August 22, 2024

Floor Plans

Description

Located in the sought-after area of Winn Road, Highfield, this charming top-floor two-bedroom apartment offers an excellent opportunity for first-time buyers or investors. Its prime location ensures easy access to Southampton Common, Southampton University, and convenient public transport links with nearby bus stops. The vibrant Portswood High Street, with its array of shops, is just a short stroll away, making daily errands and shopping a breeze.

This well-proportioned apartment is one of only six in the building, offering a sense of exclusivity and privacy. As you enter, a communal entrance hall leads to a stairwell leading to all floors. Once in the apartment’s central hallway, setting the stage with all rooms which are accessed from. The lounge/diner, situated on the right, is filled with natural light, thanks to a large window that overlooks the front communal gardens. The room is further enhanced by a charming ceramic tiled fireplace, serving as a focal point.

The separate kitchen, although in need of some updating, provides a functional space with a range of eye and base-level units and a window that looks out over the rear of the development. There is ample space for essential appliances, including a washer-dryer, fridge-freezer, and freestanding electric oven.

Both double bedrooms are neutrally decorated and are ample doubles. The bedrooms are served by a three piece bathroom boasting a modern white suite. neutrally tiling and a double glazed window.

Other notable benefits include upgraded electric heating, double glazing and is being offered with no forward chain.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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