4 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO15 5NU, £375,000

Bourne Avenue, Upper Shirley, Southampton, SO15 5NU - 5 views - 8 months ago

Sold STC
Refurb/BRRR
~129 m²
+7 photos

ValuationFair Value

Sold Prices£150K - £649.5K
Sold Prices/m²£2.4K/m² - £6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£372,300

 

 

End Value (After Refurb)

£483,500

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£57,818

Bridging Loan Interest

£9,844

Total Cash In

£181,862

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£483,500

Agent Fees (1%)

£4,835

Bridging Loan

£281,250

Bridging Loan Interest

£9,844

Flip Profit

£15,553

Local Sold Prices

50 sold prices from £150K to £649.5K, average is £483K. £2.4K/m² to £6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£497.5K11/200.08 mi78, Wilton Road, Southampton SO15 5JP4
£440K11/200.09 mi96, Upper Shirley Avenue, Southampton SO15 5NN4
£437.5K11/210.1 mi86, Wilton Road, Southampton SO15 5JP4
£525K02/230.1 mi72, Wilton Road, Southampton SO15 5JP4
£452K09/210.11 mi1, Harland Crescent, Southampton SO15 7QB4
£485K04/210.11 miDaven House, Bellemoor Road, Southampton SO15 5JW4
£465K02/230.14 mi104, St James Road, Shirley, Southampton SO15 5HF4
£485K08/230.15 mi98, St James Road, Shirley, Southampton SO15 5HF4
£518.5K09/220.22 mi81, Shirley Avenue, Southampton SO15 5NH4
£252K12/200.25 mi90, Stratton Road, Southampton SO15 5QZ4
£585.3K11/200.28 mi4, Pentire Avenue, Southampton SO15 7RS4
£438K02/210.29 mi36, St James Road, Shirley, Southampton SO15 5FF4
£525K09/210.32 mi165, Wilton Road, Southampton SO15 5HY4
£385K09/230.32 mi183, Wilton Road, Southampton SO15 5HY4
£325K11/200.33 mi24, Vinery Gardens, Southampton SO16 6HJ4
£470K05/230.33 mi16, Radway Road, Southampton SO15 7PW4
£150K08/210.33 mi2, Shanklin Road, Southampton SO15 7RE4
£595K01/230.33 mi24, Shanklin Road, Southampton SO15 7RE4
£490K12/200.34 mi36, Radway Road, Southampton SO15 7PJ4
£432K03/210.34 mi15, Gurney Road, Southampton SO15 5GF4
£595K02/230.34 mi36, Radway Road, Southampton SO15 7PJ4
£430K05/230.35 mi133, Winchester Road, Southampton SO16 6UF4
£550K07/230.35 mi13, Radway Road, Southampton SO15 7PT4
£420K06/230.37 mi2, Gurney Road, Southampton SO15 5GE4
£485K02/210.37 mi65, Luccombe Road, Southampton SO15 7RN4
£500K06/210.37 mi24, Shirley Avenue, Southampton SO15 5NG4
£605K07/230.37 mi37, Shirley Avenue, Southampton SO15 5NF4
£350K05/230.38 mi186, Wilton Road, Southampton SO15 5HZ4
£430K04/210.38 mi20, St James Road, Southampton SO15 5FG4
£360K04/210.39 mi5, Pentire Way, Southampton SO15 7RW4
£395K10/200.39 mi67, Shanklin Road, Southampton SO15 7RG4
£481K06/210.4 mi27, Cunard Avenue, Southampton SO15 5GN4
£465K12/200.4 mi79, Janson Road, Shirley, Southampton SO15 5GL4
£600K03/210.41 mi2, Kineton Road, Southampton SO15 7PQ4
£517.5K11/210.42 mi38, Kellett Road, Upper Shirley, Southampton SO15 7PR4
£635K06/210.44 mi236, Hill Lane, Southampton SO15 7NT4
£565K08/230.46 mi16, South View Road, Southampton SO15 5JB4
£649.5K04/230.47 mi14, Pewsey Place, Southampton SO15 7RX4
£230K08/210.48 mi28, Sydney Road, Southampton SO15 5RB4
£600K09/220.49 mi154, Malmesbury Road, Shirley, Southampton SO15 5EZ4
£500K11/210.5 mi305, Winchester Road, Southampton SO16 6TX4
£280K03/210.54 mi6, Settle Close, Southampton SO16 4RE4
£580K02/230.54 mi3, Evelyn Crescent, Southampton SO15 5JF4
£640K10/220.55 mi3, Raymond Road, Southampton SO15 5AG4
£607K04/210.55 mi14, Atherley Court, Southampton SO15 7NG4
£573.5K06/210.57 mi206, Hill Lane, Southampton SO15 7NQ4
£438K01/210.57 mi36, Norfolk Road, Southampton SO15 5AS4
£350K03/210.59 mi1, Heysham Road, Southampton SO15 3JL4
£380K01/210.63 mi10, King Edward Avenue, Southampton SO16 4DF4
£475K06/230.63 mi12, King Edward Avenue, Southampton SO16 4DF4

Local Rents

47 rents from £1.1K/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,70009/240.06 mi-3
£1,45003/250.13 mi-3
£1,40009/240.16 miShayer Road, Upper Shirley3
£1,60009/240.17 miWilton Road, Southampton4
£1,59503/250.23 mi-4
£1,59503/250.23 mi-4
£1,30010/240.26 mi-3
£1,30009/240.26 miHowards Grove, Southampton, SO153
£1,45009/240.27 miHowards Grove, Southampton3
£1,70009/240.27 miWinchester Road, Southampton3
£2,50009/240.28 miWilton Crescent, Southampton, SO153
£1,50009/240.28 miPentire Avenue, Upper Shirley3
£1,80012/240.31 mi-4
£1,90009/240.32 miWinchester Road, SOUTHAMPTON4
£1,75009/240.34 miRadway Road, Southampton3
£2,35004/250.35 mi-4
£1,70009/240.35 miRadway Road, Upper Shirley3
£2,50009/240.37 miLuccombe Road, Southampton4
£1,50009/240.37 miBellemoor Road, Upper Shirley3
£1,35009/240.39 miAnglesea Road, Shirley3
£1,67509/240.42 miHill Lane, Southampton, Hampshire, SO153
£1,30009/240.44 miHollybrook Close, Southampton, Hampshire, SO163
£1,30009/240.44 miHollybrook Close, SOUTHAMPTON3
£1,70009/240.44 miUpper Shirley, Southampton3
£1,69504/250.45 mi-4
£1,50012/240.45 mi-4
£1,59504/250.45 mi-3
£1,65009/240.45 mi|Ref: R203913|, Church End, Southampton, SO15 3JE3
£1,60010/240.47 mi-3
£1,65009/240.47 miTreeside Road, Southampton, SO153
£1,60009/240.47 miHill Lane, Southampton, Hampshire, SO154
£1,40009/240.49 miRomsey Road, Southampton SO143
£1,60009/240.49 miWarren Avenue, Southampton SO164
£1,50009/240.5 miSydney Road - SILVER SUB, Southampton, SO153
£1,59509/240.5 miShirley Road, Southampton4
£1,57509/240.5 miShirley Road, Southampton4
£1,05009/240.52 miCarlisle Road, Shirley, Southampton, SO163
£1,25002/240.53 miWinchester Road, Southampton3
£1,89509/240.54 miWinchester Road, SOUTHAMPTON4
£1,35009/240.55 miCarlisle Road, Shirley, Southampton, SO163
£1,20011/240.55 mi-3
£1,75010/240.58 mi-4
£1,75010/240.58 mi-4
£1,75010/240.58 mi-4
£1,50009/240.58 miRomsey Road, Southampton, SO163
£1,49510/240.59 mi-3
£1,50004/250.6 mi-3

Local Area Statistics

Population in SO15

41,701

Population in Southampton

428,247

Town centre distance

1.48 miles away

Nearest school

0.10 miles away

Nearest train station

1.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-20%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £375,000

September 12, 2024

Floor Plans

Description

  • HUGE POTENTIAL +
  • SEMI DETACHED +
  • 3/4 BEDROOMS +
  • 3 RECEPTION ROOMS +
  • 1ST FLOOR BATHROOM +
  • OFF ROAD PARKING +
  • GARAGE +
  • GAS CENTRAL HEATING +

A fantastic opportunity has presented itself to purchase a three/four bedroom semi-detached house in the sought after Upper Shirley area within a short distance of excellent schools, Southampton common and City Centre. 

The house is in need of modernisation and would make a fantastic family home for someone prepared to take on the work as it has been realistically priced. 

The property has three good sized bedrooms with a fourth off the third bedroom and three reception rooms, so plenty of scope to re-arrange and extend to provide modern living with the further benefits of gas central heating, off road parking, garage and some double glazing.

Hall
Radiator, picture rail, understairs cupboard, stairs to first floor, panelled doors to:

Lounge
17' 3" (5.26m) Into bay x 13' 3" (4.04m):
Tiled fireplace, double radiator, picture rail, double glazed bay window to front elevation.

Sitting Room
11' 7" (3.53m) x 9' 8" (2.95m):
Double radiator, picture rail, double glazed patio doors to rear garden.

Dining Room
11' 4" (3.45m) x 9' 8" (2.95m):
Double radiator, picture rail, gas fire, secondary double glazed window to rear elevation.

Kitchen
Fitted cupboards, sink unit and tiled splashback, double radiator, larder cupboard, double glazed window and door to side elevation.

Landing
Picture rail, panelled doors to:

Bedroom one
14' 9" (4.50m) Into bay x 12' 1" (3.68m):
Double radiator, picture rail, fitted cupboards, double glazed bay window to front elevation.

Bedroom two
13' 3" (4.04m) x 9' 7" (2.92m):
Fitted airing cupboard with lagged hot water tank, double radiator, picture rail, secondary double glazed window to rear elevation.

Bedroom three
11' 4" (3.45m) x 9' 9" (2.97m):
Double radiator, picture rail, secondary double glazed window to rear elevation.

Bedroom four
11' 5" (3.48m) x 7' 4" (2.24m):
Double radiator, secondary double glazed window to rear elevation.

Bathroom
7' 4" (2.24m) x 6' 8" (2.03m):
White suite comprising a panel enclosed bath with shower over, pedestal wash hand basin, low level W.C., radiator, tiled splashback, loft access, double glazed window to front elevation.

External

Front
Enclosed by low walling with shrub borders and off road parking leading to a detached garage.

Rear
Enclosed rear garden with various shrubs, trees, lawned area and outside W.C.

Agent Details

Field Palmer, Shirley

0238 078 0787

Next Steps?

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