2 Bed Flat, Single Let, Southampton, SO18 5GX, £135,000

9 Wellow Close, Harefield, Southampton, SO18 5GX - 1 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 11%
~61 m²
+5 photos

ValuationUndervalued

Sold Prices£84K - £525K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~61.20 m²
Price/m²£2.2K/m²

Value Estimate

£147,754
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Total Cash In

£41,700

 

 

Cash Out

 

Rent Range

£1,000 - £825,190

Rent Estimate

£1,013

Running Costs/mo

£644

Cashflow/mo

£369

Cashflow/yr

£4,422

ROI

11%

Gross Yield

9%

Local Sold Prices

48 sold prices from £84K to £525K, average is £159K. £1.2K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£150K08/230.04 mi29, Holmsley Close, Southampton SO18 5HD2
£135K03/210.04 mi23, Holmsley Close, Southampton SO18 5HD2
£125K10/200.04 mi6, Holmsley Close, Southampton SO18 5HD2
£160K11/200.16 mi45a, Blendworth Lane, Southampton SO18 5HF2
£181K05/230.19 mi85, Mansfield Park Street, Southampton SO18 5AE2
£153K12/220.27 mi43, Redcote Close, Southampton SO18 5SU2
£159K01/210.29 mi22, Portway Close, Bitterne, Southampton SO18 5SW2
£170K07/230.38 miFlat 10, Charden Court, York Drove, Bitterne, Southampton SO18 5LZ2
£127.5K04/210.39 mi40, Keynsham Road, Southampton SO19 5EW2
£155K12/200.44 mi79c, Commercial Street, Southampton SO18 6AD2
£169K07/230.45 miFlat 4, Thornhill Court, Bursledon Road, Southampton SO19 8QR2
£115K09/210.45 mi13, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£210K02/230.45 mi12, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£160K08/210.45 mi39, Woodland Close, Thornhill Park, Southampton SO18 5RD2
£130K02/210.48 miFlat 21, Fir Tree Court, West End Road, Southampton SO18 6RW2
£240K05/210.52 mi14, Spencer Road, Southampton SO19 6QX2
£131K03/210.57 mi433, Hinkler Road, Thornhill, Southampton SO19 6DQ2
£165K04/210.57 miFlat 12, Eastside Court, Langstaff Way, Southampton SO18 6NP2
£195K12/220.58 miFlat 22, Eastside Court, Langstaff Way, Southampton SO18 6NP2
£180K03/230.58 miFlat 20, Eastside Court, Langstaff Way, Southampton SO18 6NP2
£525K02/210.58 mi43, Southern Road, West End, Southampton, Hampshire SO30 3EW2
£180K12/220.62 mi27, Moorlands Crescent, Southampton SO18 5QS2
£120K06/230.65 mi30, Hood Road, Southampton SO18 5PD2
£125K04/210.67 mi159, Wavell Road, Bitterne, Southampton SO18 4SF2
£165K03/230.68 mi18, Runnymede, West End, Southampton, Hampshire SO30 3BG2
£160K07/230.68 mi2, Runnymede, West End, Southampton, Hampshire SO30 3BG2
£127K07/210.69 mi191, Wavell Road, Southampton SO18 4SG2
£84K06/230.7 mi90, Tatwin Crescent, Southampton SO19 6JX2
£133K08/210.71 mi137, Vanguard Road, Southampton SO18 2EH2
£120K10/200.75 mi77, Ellwood Avenue, Southampton SO19 6BT2
£120K10/200.75 mi77, Ellwood Avenue, Southampton SO19 6BT2
£141K03/210.79 miFlat B, Holmes Court, Kanes Hill, Southampton, Hampshire SO19 6AH2
£200K04/210.79 mi36, Midlands Estate, West End, Southampton, Hampshire SO30 3AD2
£190K09/210.83 mi22, Banbury Avenue, Southampton SO19 8GH2
£159K04/210.83 mi38, Banbury Avenue, Southampton SO19 8GH2
£166K07/230.85 mi2c, Edwina Close, Southampton SO19 7BJ2
£137K12/220.87 mi7, Meggeson Avenue, Southampton SO18 2ET2
£130K01/210.87 mi3, Meggeson Avenue, Southampton SO18 2ET2
£186K12/200.87 mi10, Rostron Close, West End, Southampton, Hampshire SO18 3AF2
£150K01/210.89 mi77a, High Street, West End, Southampton, Hampshire SO30 3DS2
£170K10/200.92 mi8, Silver Birch Close, Southampton SO19 8FY2
£230K03/230.92 mi6, Silver Birch Close, Southampton SO19 8FY2
£125K10/200.92 mi15, Silver Birch Close, Southampton SO19 8FY2
£230K05/230.92 mi16, Silver Birch Close, Southampton SO19 8FY2
£214K03/210.92 mi15, Imber Way, Southampton SO19 1SF2
£132K04/210.95 mi9, Dyneley Green, Southampton SO18 2EZ2
£150K05/231 mi15, Dempsey Close, Southampton SO19 8JZ2
£169K05/211 mi33, Vale Drive, Southampton SO18 4SW2

Local Rents

11 rents from £1K/mo to £825.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15004/250 mi-2
£1,00009/240.04 miHolmsley Close, Harefield, SO182
£1,20009/240.19 miMansfield Park Street, Southampton, SO182
£1,15009/240.33 miFlat B, Thornhill Park Road, Southampton2
£1,00004/250.36 mi-2
£825,19002/240.39 miByron Road, Southampton, Hampshire, SO192
£1,37509/240.44 miCommercial Street, SOUTHAMPTON2
£1,35009/240.44 miBitterne Road East, Bitterne2
£1,20002/250.45 mi-2
£1,10009/240.49 miBurke Drive, Southampton, Hampshire, SO192
£1,15009/240.58 miStaith Close, Southampton2

Local Area Statistics

Population in SO18

36,538

Population in Southampton

428,247

Town centre distance

2.17 miles away

Nearest school

0.30 miles away

Nearest train station

1.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £135,000

October 7, 2024

Floor Plans

Description

  • First Floor Flat +
  • Two Bedrooms +
  • 14ft Lounge/Diner +
  • Kitchen +
  • Bathroom +
  • Utility Room +
  • Communal Front Garden +
  • Leasehold - 90 Years +
  • Southampton City Council - Band A +
  • EPC - Grade C +

INTRODUCTION Situated in the popular location of Harefield, this two-bedroom first floor flat has come to market. Accommodation briefly comprises an entrance hall, two double bedrooms, a bathroom, a kitchen, a 14ft lounge/diner and a utility room. LOCATION Harefieldis close to Bitterne which has a thriving centre that offers a good range of shops and general amenities, schools and railway station. Southampton's city centre with its broad range of shops, restaurants, amenities and mainline railway station is within easy reach, along with Southampton Airport being around twenty minutes away. All main motorway access routes are also close by, including M27, M3 & A3 to London. INSIDE Entering directly into the entrance hall through the front door, there is access to all living accommodation. The entrance hall is laid to laminated flooring, has a radiator to one wall, a telephone entry and a storage cupboard. The kitchen has a double glazed window to the rear aspect and laid to tiled flooring. There is a range of wall and base units with cupboards and drawers under, with a work surface over, and 1 ½ stainless sink/drainer with a mixed tap. Integrated appliances include a five ring gas cooker, complete with a hot plate, a double oven, a grill and a tray warmer. The lounge is very light and bright, with a double-glazed window to the front aspect. The room is laid to carpets, has fitted shelving to the centre of the alcove and a radiator to one wall. The storeroom has a double-glazed window to the front aspect and decoration is required. The bathroom has an obscure double-glazed window to the rear aspect, laid to tiled flooring and part tiled walls, a bath with shower over, a WC and a wash hand basin with storage cupboard and a fitted mirror. The utility room has a double-glazed window to the rear aspect, laid to tiled flooring and has tiled splashback and a radiator to one wall. The master bedroom has a double-glazed bay window to the front aspect, laid to carpeted flooring, has built in storage and a radiator to one wall. Bedroom two has a double-glazed window to the rear aspect, laid to carpets and a radiator to one wall. OUTSIDE The property has a communal front garden, which is laid to grass. AGENTS NOTE The property is leasehold, (with the lease dating from 1989) and we are advised (by the vendor) that there is approx. 90 years remaining on the lease. (£10.00 Ground Rent per annum - with review date April 25/ £900.00 Service Charge per annum – with review date 1st of every month). Disclaimer – information has been given by the owner – please seek verification via your solicitor prior to purchase.  SERVICES Gas, electricity, water and mains drainage are connected. Please note that none of the services or appliances have been tested by White & Guard. BROADBAND Superfast Broadband is available with download speeds of up to 24 - 35 Mbps and upload speeds of up to 3 - 6 Mbps. Information has been provided by the Openreach website.

EPC Rating: C

Agent Details

White & Guard Estate Agents, Bitterne

0238 001 5247

Next Steps?

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