2 Bed Flat, Single Let, Eastleigh, SO50 5TH, £160,000

Chamberlayne Road, Eastleigh, Hampshire, SO50 5TH - 1 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~66 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

~66.30 m²
Price/m²£2.4K/m²

Value Estimate

£184,626
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£875 - £1,450

Rent Estimate

£894

Running Costs/mo

£699

Cashflow/mo

£195

Cashflow/yr

£2,342

ROI

5%

Gross Yield

7%

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 
£205K08/230.09 mi18a, Derby Road, Eastleigh, Hampshire SO50 5HP2
£202K01/210.12 mi43, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£210K12/220.13 mi29, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£175K03/210.2 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
£150K06/230.28 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
£165K01/210.36 mi57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£185K02/230.36 mi37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£170K03/230.36 mi43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£180K06/230.4 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
£220K03/230.44 mi118, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£180K11/200.44 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£182K04/210.44 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£200K12/220.44 mi94, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£195K09/210.5 mi59, Dakota Way, Eastleigh, Hampshire SO50 5TY2
£165K01/210.65 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£167.5K06/230.65 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£175K05/210.76 miFlat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£180K01/210.76 miFlat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£190K05/230.76 miFlat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£185K03/230.76 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
£87502/240.28 miHanns Way, Eastleigh, SO502
£1,10009/240.28 miHanns Mews, Hanns Way, Eastleigh2
£1,19511/240.28 mi-2
£1,05009/240.29 miHigh Street, Eastleigh2
£1,10009/240.31 miGeorge Raymond Road, Eastleigh, SO502
£1,10004/250.31 mi-2
£1,20009/240.32 mi-2
£1,20012/240.36 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO502
£1,20009/240.36 miBenny Hill Close2
£1,00012/240.4 mi|Ref: R153867|, Leigh Road, Eastleigh, SO50 9DT2
£92509/240.4 mi-2
£1,20009/240.4 mi-2
£1,20009/240.4 miHeinz Burt Close, Eastleigh, SO502
£1,35004/250.42 mi-2
£1,15012/240.44 miArchers Road SILVER SUB, Eastleigh, SO502
£1,10009/240.47 miArchers Road, Eastleigh2
£1,10012/240.49 miSouthampton Road, EASTLEIGH2
£1,20009/240.51 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

0.20 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

Listed for £160,000

September 2, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Two bathrooms +
  • Allocated Parking +
  • SC £1540 +
  • GR £500 +
  • 106 Years +

Located in a desirable area, this modern second floor apartment offers a comfortable and convenient living space. The property boasts two well-proportioned bedrooms, ideal for a small family or professionals looking for extra space. The apartment features a stylish open-plan kitchen and living area, perfect for entertaining guests or relaxing after a long day. Residents can enjoy the communal garden, providing a peaceful outdoor space to unwind. Additionally, the property benefits from residents parking, ensuring convenience for those with vehicles. With its contemporary design and sought-after location, this apartment presents a fantastic opportunity for those seeking a modern home in a popular area. Don't miss out on this opportunity to make this property your own. Contact us today to arrange a viewing.

"These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.’’

Agent Details

Leaders Sales, Southampton

0238 202 5502

Next Steps?

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