3 Bed Semi-Detached House, Refurb/BRRR, Eastleigh, SO50 6LG, £225,000

6 Manor Farm Close, Eastleigh, Hampshire, SO50 6LG - 4 views - 8 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 3%
77 m²
+12 photos

ValuationUndervalued

Sold Prices£247.5K - £475K
Sold Prices/m²£2.7K/m² - £5.6K/m²

 

 

Square Metres

76.68 m²
Price/m²£2.9K/m²

Value Estimate

£272,700
BMV1%

 

 

End Value (After Refurb)

£263,384

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£34,675

Bridging Loan Interest

£5,906

Total Cash In

£108,881

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£263,384

Mortgage (After Refinance)

£197,538

Mortgage LTV

75%

Cash Released

£28,788

Cash Left In

£80,093

Equity

£65,846

Rent Range

£870 - £1,950

Rent Estimate

£1,458

Running Costs/mo

£1,135

Cashflow/mo

£323

Cashflow/yr

£3,880

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £247.5K to £475K, average is £321.5K. £2.7K/m² to £5.6K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£270K06/210.11 mi159, Underwood Road, Bishopstoke, Eastleigh, Hampshire SO50 6GR3
£425K06/230.12 mi28, Oakgrove Gardens, Bishopstoke, Eastleigh, Hampshire SO50 6LZ3
£368K06/210.12 mi8, Oakgrove Gardens, Bishopstoke, Eastleigh, Hampshire SO50 6LZ3
£410K06/230.12 mi13, Oakgrove Gardens, Bishopstoke, Eastleigh, Hampshire SO50 6LZ3
£320K02/210.14 mi141, Underwood Road, Bishopstoke, Eastleigh, Hampshire SO50 6GG3
£260K08/210.15 mi8, Truro Rise, Bishopstoke, Eastleigh, Hampshire SO50 6GN3
£267.5K10/230.17 mi137, Fair Oak Road, Bishopstoke, Eastleigh, Hampshire SO50 6LW3
£385K12/220.19 mi33, Guest Road, Bishopstoke, Eastleigh, Hampshire SO50 6AP3
£310K06/210.21 mi31, Shears Road, Eastleigh, Hampshire SO50 6FZ3
£273K11/200.25 mi70, Hamilton Road, Bishopstoke, Eastleigh, Hampshire SO50 6AN3
£372.5K08/210.25 mi28, Scotter Road, Eastleigh, Hampshire SO50 6AJ3
£475K12/220.29 mi27, Abbotsbury Road, Bishopstoke, Eastleigh, Hampshire SO50 8NZ3
£297K07/230.31 mi24, Hamilton Road, Bishopstoke, Eastleigh, Hampshire SO50 6AL3
£285K08/230.31 mi42, Hamilton Road, Bishopstoke, Eastleigh, Hampshire SO50 6AL3
£301.5K12/200.36 mi197, Fair Oak Road, Bishopstoke, Eastleigh, Hampshire SO50 8LQ3
£340K06/210.36 mi187, Fair Oak Road, Bishopstoke, Eastleigh, Hampshire SO50 8LQ3
£345K04/230.36 mi1, East Drive, Bishopstoke, Eastleigh, Hampshire SO50 6FS3
£270K03/210.37 mi35, Sedgwick Road, Bishopstoke, Eastleigh, Hampshire SO50 6FJ3
£308K03/210.4 mi54, Underwood Road, Eastleigh, Hampshire SO50 6FW3
£275K01/210.4 mi42, Underwood Road, Eastleigh, Hampshire SO50 6FW3
£325K06/210.42 mi66, Spring Lane, Bishopstoke, Eastleigh, Hampshire SO50 6BB3
£262K06/210.42 mi20, Portal Road, Bishopstoke, Eastleigh, Hampshire SO50 6AY3
£323K05/230.43 mi10, Itchen Avenue, Bishopstoke, Eastleigh, Hampshire SO50 8JZ3
£317.5K06/230.43 mi1, Underwood Road, Bishopstoke, Eastleigh, Hampshire SO50 6FU3
£290K03/210.48 mi15, Salmon Drive, Eastleigh, Hampshire SO50 8GJ3
£320K01/230.49 mi65, Stoke Park Road, Bishopstoke, Eastleigh, Hampshire SO50 6BU3
£266.5K04/210.5 mi37, Itchen Avenue, Eastleigh, Hampshire SO50 8JW3
£275K04/210.5 mi10, Badger Close, Eastleigh, Hampshire SO50 8JX3
£330K12/220.5 mi9, Badger Close, Bishopstoke, Eastleigh, Hampshire SO50 8JX3
£413K02/210.5 mi4, Whalesmead Road, Eastleigh, Hampshire SO50 8HB3
£425K06/210.53 mi28, Whalesmead Road, Eastleigh, Hampshire SO50 8HH3
£460K11/200.53 mi5, Whalesmead Road, Eastleigh, Hampshire SO50 8HD3
£380K06/210.53 mi2, Church Close, Bishopstoke, Eastleigh, Hampshire SO50 6EZ3
£320K04/230.55 mi10, Nelson Road, Bishopstoke, Eastleigh, Hampshire SO50 6BS3
£360K01/230.57 mi27, Drake Road, Bishopstoke, Eastleigh, Hampshire SO50 6EX3
£330K03/210.57 mi17, Drake Road, Eastleigh, Hampshire SO50 6EX3
£293K06/210.58 mi18, St Marys Road, Bishopstoke, Eastleigh, Hampshire SO50 6BP3
£370K09/230.61 mi253, Fair Oak Road, Bishopstoke, Eastleigh, Hampshire SO50 8JU3
£317.5K08/210.62 mi74, Edward Avenue, Eastleigh, Hampshire SO50 6ED3
£335K04/230.62 mi6, Drake Road, Bishopstoke, Eastleigh, Hampshire SO50 6EU3
£360K04/230.62 mi4, Sydney Road, Bishopstoke, Eastleigh, Hampshire SO50 6DJ3
£278K04/210.62 mi37, Longmead Avenue, Bishopstoke, Eastleigh, Hampshire SO50 6EP3
£347.5K11/210.64 mi16, Sydney Road, Eastleigh, Hampshire SO50 6DJ3
£247.5K02/210.64 mi25, Hunters Way, Bishopstoke, Eastleigh, Hampshire SO50 8NN3
£347.5K02/230.68 mi100, Itchen Avenue, Bishopstoke, Eastleigh, Hampshire SO50 8JS3
£335K03/210.68 mi45, Edward Avenue, Eastleigh, Hampshire SO50 6EH3
£325K01/210.68 mi31, Edward Avenue, Eastleigh, Hampshire SO50 6EH3
£297.5K02/210.68 mi40, Weavills Road, Eastleigh, Hampshire SO50 8HR3
£365K01/230.69 mi20, Oak Coppice Close, Bishopstoke, Eastleigh, Hampshire SO50 8PH3
£301K08/210.69 mi40, Elkins Square, Eastleigh, Hampshire SO50 8HF3

Local Rents

37 rents from £870/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55003/250.39 mi-3
£1,35012/240.42 miRedwell, Bishopstoke3
£1,45012/240.48 miSalmon Drive, Bishopstoke3
£87009/240.55 miNelson Road, Bishopstoke, Eastleigh, SO503
£1,72502/240.56 mi-3
£1,95012/240.58 miChurch Road, Bishopstoke, EASTLEIGH3
£1,40009/240.61 miFair Oak Road, Bishopstoke, SO503
£1,35009/240.62 miOld Bishopstoke3
£1,40012/240.62 miItchen Avenue, Bishopstoke, Eastleigh3
£1,35009/240.66 miBarton Road, Eastleigh3
£1,45009/240.69 miHeather Chase, Fair Oak3
£1,50009/240.69 miBishopstoke3
£1,70012/240.8 miBow Lake Gardens, Bishopstoke3
£1,35012/240.86 miOlympic Way SILVER SUB, Fair Oak, Eastleigh, Hampshire, SO503
£1,60012/240.93 miAshton Gardens, Eastleigh, Hampshire, SO503
£1,40009/241.01 miTwyford Road, Eastleigh3
£1,60009/241.01 miGeorge Street, EASTLEIGH3
£1,90012/241.03 miBrendon Gardens, Fair Oak, Eastleigh, Hampshire, SO503
£1,35009/241.03 miEastleigh3
£1,42509/241.04 miGeorge Street, Eastleigh SO50 9BT3
£1,30012/241.04 miNewtown Road, Eastleigh3
£1,35009/241.05 mi-3
£1,39509/241.05 mi-3
£1,47512/241.07 miNewtown Road, EASTLEIGH3
£1,55003/251.07 mi-3
£1,45009/241.07 miEastleigh 3
£1,45012/241.07 miEastleigh3
£1,05012/241.09 mi112 The Crescent, Eastleigh, SO503
£1,45002/241.09 mi-3
£1,45002/241.09 mi-3
£1,39502/241.09 mi-3
£1,49501/251.09 mi-3
£1,45002/251.11 mi-3
£1,35009/241.11 miEastleigh3
£1,40012/241.12 miConsort Road, Eastleigh3
£1,50001/251.17 mi-3
£1,70009/241.2 miArchers Road, Eastleigh3

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £225,000

February 16, 2025

Price changed to £240,000

February 8, 2025

Price changed to £250,000

December 26, 2024

Listed for £270,000

September 9, 2024

Sold for £160,000

2011

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Three Bedrooms +
  • Spacious Lounge and Diner +
  • Conservatory +
  • Large Wrap Around Garden & Garage in a Block +
  • No Chain +

SUMMARY
This three-bedroom semi-detached house in Bishopstoke offers immense potential for modernisation, featuring a spacious lounge, conservatory, and a wrap-around garden. Situated in a desirable area with a garage and no onward chain, it presents a fantastic investment opportunity.

DESCRIPTION
Nestled in the charming village of Bishopstoke, this three-bedroom semi-detached house presents an exceptional investment opportunity.
While the property is in need of modernisation throughout, it offers immense potential to create a dream home in a highly sought-after location.
As you approach, a spacious front garden framed by a welcoming picket fence sets a warm and inviting tone.
Inside, the property features a generously sized lounge complete with a fireplace, which seamlessly opens into the dining area.
The fitted kitchen leads to a bright and airy conservatory, offering a lovely space to relax and enjoy views of the garden.
Upstairs, you will find three well-proportioned bedrooms and a family bathroom, providing ample space for a growing family.
The rear garden, which wraps around the property, is a true blank canvas, featuring a decking area, a lawn, a shed, and side access-perfect for those looking to create their own outdoor oasis.
Additionally, the property benefits from a garage in a nearby block with convenient parking in front.
Situated in a desirable area, this home offers a blend of tranquility and convenience, with local amenities close by.
Being sold via modern auction with no onward chain, this property is an unmissable chance for those looking to invest in a home with great potential in Bishopstoke.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Porch 
Double glazed door to front aspect. Double glazed window to front and side aspect.

Entrance Hall 
Double glazed door to front aspect. Double glazed window to front aspect. Radiator.

Lounge  13' 6" x 11' 5" ( 4.11m x 3.48m )
Open plan to dining area. Double glazed window to front aspect. Fireplace. TV & telephone port.

Dining Room 8' 4" x 7' 9" ( 2.54m x 2.36m )
Double glazed window to rear aspect. Radiator.

Kitchen 12' 6" x 7' 9" ( 3.81m x 2.36m )
Double glazed window to rear aspect. Double glazed door to conservatory. Fitted kitchen with wall and base units. Fitted gas hob with electric oven. Space for fridge freezer and washing machine. Boiler on wall. Stainless steel sink and drainer.

Conservatory 17' 1" max x 13' 8" max ( 5.21m max x 4.17m max )
Double glazed window to side and rear aspect. Double glazed patio doors to garden. Radiator. Electric and lighting.

Landing 
Stairs from hallway up to first floor landing. Built in airing cupboard. Loft access. Radiator.

Bedroom 1 11' 6" max into wardrobe x 10' 6" ( 3.51m max into wardrobe x 3.20m )
Double glazed window to front aspect. Fitted wardrobes. Radiator. TV port.

Bedroom 2 9' 8" max x 9' max ( 2.95m max x 2.74m max )
Double glazed window to rear aspect. Built in wardrobe. TV port. Radiator.

Bedroom 3 11' 3" max x 5' 8" ( 3.43m max x 1.73m )
Double glazed window to front aspect. Built in storage over stairs. Radiator.

Bathroom 
Double glazed window to rear aspect. Electric shower over bath. Wash hand basin. WC. Heated towel rail. Extractor fan. Part tiled.

Outside 
To the front. Lawned front garden with fencing and gate with path leading to the front door.
To the rear. Wrap around garden with large decking area as well as lawn area. Side access. Wooden shed.

Garage 
Up and over door.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Eastleigh

0238 144 9895

Next Steps?

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