2 Bed Flat, Single Let, Southampton, SO16 4PX, £125,000

Wimpson Lane, Southampton, SO16 4PX - 4 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 13%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£108K - £210K
Sold Prices/m²	£1.7K/m² - £3.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£153,750£153,750
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£995 - £1,470£995 - £1,470
Rent Estimate	£995
Running Costs/mo	£610£610
Cashflow/mo	£385£385
Cashflow/yr	£4,625£4,625
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

38 sold prices from £108K to £210K, average is £135K. £1.7K/m² to £3.5K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£131K	02/21	0.18 mi	83, Crabwood Road, Maybush, Southampton SO16 9FD	£2,015	65	2	Flat
£189.9K	02/23	0.19 mi	42, Charles Arden Close, Southampton SO16 4HS	-	-	2	Flat
£120K	12/20	0.22 mi	142, Wimpson Lane, Southampton SO16 4QB	£1,905	63	2	Flat
£137K	12/22	0.24 mi	130, Wimpson Lane, Southampton SO16 4QB	-	-	2	Flat
£180K	02/21	0.28 mi	52, Wilroy Gardens, Southampton SO16 9WF	£2,903	62	2	Flat
£130K	02/21	0.34 mi	10, Cowley Close, Southampton SO16 9WD	£3,514	37	2	Flat
£125K	02/21	0.34 mi	3, Cowley Close, Southampton SO16 9WD	£2,717	46	2	Flat
£122K	04/21	0.34 mi	6, Cowley Close, Southampton SO16 9WD	£3,050	40	2	Flat
£133K	08/21	0.39 mi	40, Watts Close, Southampton SO16 9WA	£2,608	51	2	Flat
£108K	11/20	0.46 mi	10, Birch Close, Southampton SO16 5DE	£1,742	62	2	Flat
£108K	11/20	0.46 mi	10, Birch Close, Southampton SO16 5DE	£1,742	62	2	Flat
£125K	06/21	0.5 mi	38, Brendon Green, Southampton SO16 4BE	£1,786	70	2	Flat
£140K	09/21	0.5 mi	59, Brendon Green, Southampton SO16 4BE	£2,090	67	2	Flat
£154K	12/20	0.51 mi	Flat 1, The Grange, Grange Road, Southampton SO16 6UW	-	-	2	Flat
£147K	05/21	0.54 mi	Flat 7, Sedbergh House, Sedbergh Road, Southampton SO16 9HJ	-	-	2	Flat
£179.9K	11/20	0.59 mi	69, St Edmunds Road, Southampton SO16 4GL	£2,856	63	2	Flat
£124K	08/21	0.69 mi	281, Lower Brownhill Road, Southampton SO16 9LF	£2,033	61	2	Flat
£150K	09/21	0.69 mi	72, Briarswood, Southampton SO16 6GD	£2,885	52	2	Flat
£187K	06/23	0.69 mi	75, Briarswood, Southampton SO16 6GD	-	-	2	Flat
£125K	02/21	0.69 mi	1a, Conifer Road, Southampton SO16 5FY	£2,083	60	2	Flat
£133.5K	06/21	0.72 mi	13, Green Park Road, Southampton SO16 9AA	£1,963	68	2	Flat
£125K	05/21	0.74 mi	64, Green Park Road, Southampton SO16 9AD	£2,119	59	2	Flat
£130K	03/21	0.83 mi	118, Cuckmere Lane, Southampton SO16 9AX	£1,884	69	2	Flat
£210K	01/23	0.84 mi	26 Lordsdale Court, Seacole Gardens, Southampton SO16 6PN	-	-	2	Flat
£210K	12/22	0.84 mi	29 Greenway Court, Seacole Gardens, Southampton SO16 6PN	-	-	2	Flat
£200K	07/21	0.86 mi	11, Lordsdale Court, Seacole Gardens, Southampton SO16 6PN	-	-	2	Flat
£200K	07/21	0.86 mi	11, Lordsdale Court, Seacole Gardens, Southampton SO16 6PN	-	-	2	Flat
£185K	05/23	0.89 mi	30, Avro Close, Southampton SO15 4AE	£3,136	59	2	Flat
£155K	05/21	0.91 mi	15, Danebury Way, Nursling, Southampton, Hampshire SO16 0YF	£2,643	59	2	Flat
£150K	04/21	0.98 mi	Flat 2, Norcroft Court, Winchester Road, Southampton SO16 6UB	-	-	2	Flat
£135K	12/20	0.98 mi	Flat 11, Norcroft Court, Winchester Road, Southampton SO16 6UB	-	-	2	Flat
£123K	02/21	0.99 mi	133, Brunel Road, Southampton SO15 0LR	£2,860	43	2	Flat
£130K	11/21	0.99 mi	123, Brunel Road, Southampton SO15 0LR	£2,864	45	2	Flat
£127.5K	12/20	0.99 mi	82, Brunel Road, Southampton SO15 0LR	£2,898	44	2	Flat
£135K	03/23	0.99 mi	70, Brunel Road, Southampton SO15 0LR	-	-	2	Flat
£140K	02/23	0.99 mi	Flat 17, Norcroft Court, Winchester Road, Southampton SO16 6UB	-	-	2	Flat
£144K	08/23	0.99 mi	76, Abercrombie Gardens, Southampton SO16 8FR	£2,441	59	2	Flat
£120K	11/20	1 mi	70, Abercrombie Gardens, Southampton SO16 8FR	-	-	2	Flat

Local Rents

35 rents from £995/mo to £1.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	01/25	0.03 mi	-	2	Flat
£1,300	02/24	0.2 mi	-	2	Flat
£1,400	09/24	0.22 mi	The Cassini Building, Mercator Close, Southampton	2	Flat
£1,150	09/24	0.22 mi	Brook Court, Southampton, SO16	2	Flat
£1,150	09/24	0.22 mi	-	2	Flat
£1,050	10/24	0.22 mi	-	2	Flat
£1,050	03/25	0.22 mi	-	2	Flat
£1,000	09/24	0.24 mi	Ennerdale Road, Southampton	2	Flat
£1,100	09/24	0.25 mi	Ennerdale Road, Southampton, SO16	2	Flat
£1,400	09/24	0.25 mi	Mercator Close, Southampton, Hampshire, SO16	2	Flat
£1,295	09/24	0.28 mi	Compass Point, Romsey Road Southampton SO16	2	Flat
£1,300	09/24	0.28 mi	Compass Point, Southampton SO16	2	Flat
£1,250	11/24	0.28 mi	-	2	Flat
£1,250	11/24	0.28 mi	-	2	Flat
£1,250	02/24	0.29 mi	-	2	Flat
£995	09/24	0.31 mi	Coxford Close, Southampton, SO16	2	Flat
£995	09/24	0.31 mi	-	2	Flat
£1,200	02/25	0.33 mi	-	2	Flat
£1,100	09/24	0.42 mi	Fernside Close, Southampton	2	Flat
£1,100	09/24	0.44 mi	Ballina Mews, SO16	2	Flat
£1,350	09/24	0.44 mi	Percy Road, Southampton	2	Detached House
£1,150	09/24	0.45 mi	Cumbrian Way, Millbrook	2	Flat
£1,250	09/24	0.46 mi	Cumbrian Way, Millbrook, Southampton	2	Flat
£995	09/24	0.5 mi	The Grange, SO16	2	Flat
£1,200	04/25	0.5 mi	-	2	Flat
£1,300	09/24	0.55 mi	\|Ref: R164390\|, Palm Road, Southampton, SO16 5EH	2	Detached House
£1,200	01/25	0.55 mi	-	2	Flat
£1,150	10/24	0.55 mi	-	2	Terraced House
£1,300	09/24	0.57 mi	Warren Avenue, SOUTHAMPTON	2	Flat
£1,100	09/24	0.57 mi	Jessamine Road, Shirley Warren	2	Flat
£1,200	09/24	0.57 mi	Sycamore Court, Southampton, SO16	2	Flat
£1,300	09/24	0.59 mi	Warren Avenue, Southampton	2	Flat
£1,100	09/24	0.6 mi	Jessamine Road, SOUTHAMPTON	2	Flat
£1,300	09/24	0.6 mi	Clarendon Road, Regents Park, SO16	2	Semi-Detached House
£1,470	01/25	0.61 mi	-	2	Semi-Detached House

Local Area Statistics

Population in SO16	66,27066,270
Population in Southampton	428,247428,247
Town centre distance	2.55 miles away2.55 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.04 miles away1.04 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £125,000

September 4, 2024

Sold for £95,000

2007

Floor Plans

Description

Hamwic Independent Estate Agents offer for sale this 2 bedroom ground floor flat which benefits from its own garden, gas central heating and offered with no forward chain.

OUTSIDE / FRONT; communal hallway with front door into;

ENTRANCE HALL; parquet flooring, security entry system, radiator and doors to;

BEDROOM 1; smooth ceiling, double glazed window, radiator and built in triple wardrobes.

BEDROOM 2; smooth ceiling, double glazed patio doors to the rear aspect/garden and radiator. Parquet flooring.

KITCHEN; smooth ceiling, double glazed window. Work surfaces with units and drawers to the base level with further matching eye level units, single drainer sink, integrated gas hob with electric oven beneath, space and plumbing for washing machine, space for fridge/freezer, wall mounted gas combi boiler, tiled flooring and tiled splashbacks.

LOUNGE; smooth ceiling, double glazed window and radiator.

SHOWER ROOM; smooth ceiling, obscure double glazed window, radiator, corner shower cubicle, low level WC, wash basin and tiled walls.

GARDEN; mainly laid to patio and enclosed with timber fencing. Gate for pedestrian access. Storage shed.

COUNCIL TAX:
A - SOUTHAMPTON CITY COUNCIL

TENURE: LEASEHOLD
GROUND RENT - £10 P/A
MAINTENANCE - £832 P/A
125 YEARS FROM 1981 - 82 YEARS REMAINING

Agent Details

Hamwic Independent Estate Agents, Totton

0238 066 3999

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

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