2 Bed Flat, Refurb/BRRR, Southampton, SO17 2HX, £175,000

St Denys, SO17 2HX - 3 views - 8 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£104K - £525K
Sold Prices/m²£1.8K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£142,375

 

 

End Value (After Refurb)

£213,353

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£30,760

Bridging Loan Interest

£4,594

Total Cash In

£87,304

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£213,353

Mortgage (After Refinance)

£160,015

Mortgage LTV

75%

Cash Released

£28,765

Cash Left In

£58,539

Equity

£53,338

Rent Range

£750 - £1,800

Rent Estimate

£1,204

Running Costs/mo

£928

Cashflow/mo

£276

Cashflow/yr

£3,318

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £104K to £525K, average is £174.5K. £1.8K/m² to £3.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£167K08/210.05 mi100b, Adelaide Road, Southampton SO17 2HX2
£168K06/210.14 mi31, Adelaide Road, Southampton SO17 2HU2
£195K06/230.21 miFlat 19, St Michaels Court, Priory Close, Southampton SO17 2FR2
£170K07/230.25 mi217, Priory Road, St Denys, Southampton SO17 2LR2
£138K07/210.34 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£202K09/230.41 mi18, Riverdene Place, Southampton SO18 1UG2
£205K05/210.42 mi68, Riverdene Place, Southampton SO18 1UH2
£160K02/230.44 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K09/210.45 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.45 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.45 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£145K08/210.46 mi72b, Bitterne Road West, Southampton SO18 1AP2
£525K12/200.47 mi103, Highfield Lane, Southampton SO17 1NN2
£160K08/230.48 mi8a, Rigby Road, Southampton SO17 2EU2
£202K12/210.49 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£155K03/210.5 mi32a, St Catherines Road, Southampton SO18 1LJ2
£190K05/210.51 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£182K09/210.51 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.51 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£168K12/200.53 mi11a, St Catherines Road, Southampton SO18 1LL2
£252.5K07/230.56 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£174K07/210.57 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.57 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£212K04/230.61 mi23a, Hillside Avenue, Bitterne Park, Southampton SO18 1LD2
£163K01/230.61 mi619, Portswood Road, Southampton SO17 3SL2
£190K07/210.61 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.61 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.61 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£156K04/210.64 miFlat 3, Christine Court, Cobbett Road, Bitterne Park, Southampton SO18 1RD2
£152K08/210.7 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£178.5K04/230.72 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.72 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£177.5K01/210.75 miFlat 20, Deepdene, Midanbury Lane, Southampton SO18 4TQ2
£185K09/210.75 miFlat 21, Deepdene, Midanbury Lane, Southampton SO18 4TQ2
£210K04/230.75 mi5, Padwell Road, Southampton SO14 6QY2
£104K04/210.8 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£118.5K12/200.84 mi51a, Alfred Street, Southampton SO14 0NB2
£175K03/230.85 miFlat 4, Beech Court, Beech Avenue, Southampton SO18 4TS2
£125K06/210.86 mi25, Neva Road, Southampton SO18 4FH2
£160K11/200.86 miFlat 7, Castle Heights, Castle Road, Midanbury, Southampton SO18 1TY2
£185K12/210.89 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£202K12/200.91 mi12, Moore Close, Southampton SO15 2RS2
£177K11/210.97 mi117a, Woodmill Lane, Southampton SO18 2PE2
£123K04/230.97 mi4, Summit Way, Southampton SO18 4ST2
£192K11/210.97 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.97 mi43, James Weld Close, Southampton SO15 2SW2
£165K05/230.99 mi30, Witts Hill, Southampton SO18 4QF2
£218K02/230.99 mi16, James Weld Close, Southampton SO15 2SW2
£153K12/201 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£160K12/201 mi150, Woodmill Lane, Southampton SO18 2PF2

Local Rents

50 rents from £750/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05009/240.05 miNorth Road, St Denys2
£1,05011/240.06 mi-2
£92509/240.1 miSt. Denys Road, Southampton, Hampshire, SO172
£1,25009/240.12 miSouth Road, Southampton2
£1,25009/240.12 miIvy Road, SOUTHAMPTON2
£1,35009/240.15 miStanley Road, Southampton2
£1,20009/240.15 miBelmont Road, Southampton2
£1,10009/240.15 miBelmont Road, Portswood2
£1,10009/240.15 mi|Ref: R153069|, Belmont Road, Southampton, SO17 2GD2
£1,50002/240.16 mi-2
£1,15010/240.19 mi-2
£1,25011/240.2 mi-2
£1,35009/240.2 miWestridge Road, Southampton2
£99509/240.21 miElizabeth Court, SO172
£1,00009/240.21 miAberdeen Road, Southampton, SO172
£1,25002/240.23 miWestridge Road, Southampton, Hampshire, SO172
£1,10009/240.24 miWestridge Road, Southampton, Hampshire, SO172
£1,25009/240.24 miWestridge Road, Southampton, Hampshire, SO172
£1,00009/240.24 miBelmont Road, Southampton, Hampshire, SO172
£95009/240.25 miSt Denys Road, SOUTHAMPTON2
£1,05009/240.27 miTennyson Road, Southampton2
£1,20009/240.27 miPortswood Road, 256-258 Portswood Road, Southampton, Hampshire, SO17 2LE2
£1,19010/240.28 mi-2
£1,19010/240.28 mi-2
£1,30009/240.29 miPriory Avenue, Southampton2
£97509/240.29 miPortswood Road, Southampton2
£1,20001/250.3 mi-2
£75009/240.31 miPortswood Road, Southampton2
£1,03509/240.33 miPortswood Road, Southampton2
£1,05009/240.33 miPortswood Road, Southampton2
£1,80009/240.33 miRichmond Gardens, Southampton, SO172
£1,80009/240.33 miRichmond Gardens, Southampton, SO172
£1,30009/240.34 mi|Ref: R164477|, Portswood Road, Southampton, SO17 2TH2
£1,10011/240.35 mi-2
£1,35002/250.35 mi-2
£1,25003/250.35 mi-2
£1,25009/240.35 miVespasian Road,Bitterne Manor, Southampton2
£95009/240.36 miLawn Court, Portswood2
£1,30009/240.36 miLawn Road, Southampton2
£1,20009/240.36 miLawn Court, Portswood2
£1,32009/240.37 miPortswood Road, Southampton2
£1,25009/240.37 miPortswood Road, Southampton2
£1,30009/240.37 miPortswood Road, Southampton2
£1,30009/240.37 miPortswood Road, Southampton2
£1,30009/240.37 miPortswood Road, Southampton2
£1,30009/240.37 miPortswood Road, Southampton2
£1,29509/240.37 miPortswood Road, Southampton2
£1,27509/240.37 miPortswood Road, Southampton2
£1,28509/240.37 miPortswood Road, Southampton2
£1,30009/240.37 miPortswood Road, Southampton2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £175,000

September 9, 2024

Floor Plans

Description

  • No forward chain for quick sale +
  • Two spacious, bright bedrooms +
  • Large garden with patio access +
  • Wood-burning fire for cosy winters +

TWO BEDROOM GROUND FLOOR GARDEN FLAT

Located in the desirable area of St Denys, near Southampton, this charming two-bedroom ground floor garden flat offers an excellent opportunity for first-time buyers, downsizers, or investors alike. Situated with no forward chain, the property provides the perfect balance of comfort and convenience, with good proximity to commuter links, including St Denys train station, and easy access to the M27 and Southampton city centre.

The accommodation comprises two generously sized bedrooms, providing ample living space, and a bright and airy lounge with an attractive outlook over the private garden. From the lounge, a sliding door opens onto a small patio area. The kitchen is well-proportioned, offering plenty of storage and workspace, while the bathroom completes the interior layout.

Additional benefits include UPVC double glazing throughout and a wood-burning open fire in the lounge, creating a cosy atmosphere during the colder months. The property is currently heated by electric radiators, which could benefit from modernisation to enhance energy efficiency.

Externally, the garden is a lovely retreat, and street parking is readily available in the area. St Denys is known for its vibrant community, local shops, and riverside walks, making this flat a fantastic place to call home.

This is a must-see property, offering great potential and situated in a prime location for commuters and those seeking a peaceful lifestyle close to the heart of Southampton.
Additional Information
Tenure: Leasehold
Lease Length Remaining: 941
Ground Rent: £10 per annum
Service Charge: £0
Buildings Insurance: £295.26 per annum (Paid to Freeholder)
Parking: Street Parking
Utilities:
Mains Electricity
Mains Water - metered
Drainage: Mains Drainage
Broadband: Refer to ofcom website
Mobile Signal: Refer to ofcom website
Flood Risk: For more information refer to gov.uk, check long term flood risk

Council Tax Band: A
Lounge 4.87m (16') x 3.15m (10'4)

Kitchen 3.16m (10'4) x 2.92m (9'7)

Bedroom 1 4.25m (13'11) x 3.11m (10'2)

Bedroom 2 2.93m (9'7) x 2.08m (6'10)

Bathroom 2.09m (6'10) x 2.07m (6'9)

Agent Details

Goadsby, Southampton

0238 001 4358

Next Steps?

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