3 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO17 2HS, £260,000

Priory Road, St Denys, Southampton, Hampshire, SO17 2HS - 4 views - 6 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£165K - £425K
Sold Prices/m²£2.2K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£262,600

 

 

End Value (After Refurb)

£289,161

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£42,000

Bridging Loan Interest

£6,825

Total Cash In

£125,075

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£289,161

Mortgage (After Refinance)

£216,871

Mortgage LTV

75%

Cash Released

£21,871

Cash Left In

£103,204

Equity

£72,290

Rent Range

£1,230 - £2,675

Rent Estimate

£1,506

Running Costs/mo

£1,225

Cashflow/mo

£281

Cashflow/yr

£3,374

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £165K to £425K, average is £260K. £2.2K/m² to £4.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£295K06/230.01 mi188, Priory Road, St Denys, Southampton SO17 2HS3
£230K12/200.05 mi17, Ivy Road, Southampton SO17 2JP3
£260K07/230.06 mi54, Ivy Road, St Denys, Southampton SO17 2JN3
£235K05/210.09 mi33, Priory Road, Southampton SO17 2HT3
£190K05/210.1 mi35, South Road, St Denys, Southampton SO17 2JA3
£290K04/220.13 mi37, Eastfield Road, Southampton SO17 2JF3
£240K07/210.15 mi14, Janaway Gardens, Southampton SO17 2WR3
£240K09/220.15 mi9, Janaway Gardens, Southampton SO17 2WR3
£261K09/210.17 mi117, Adelaide Road, Southampton SO17 2HZ3
£362K01/230.17 mi10, Osborne Road South, Southampton SO17 2EZ3
£345K02/230.2 mi31, Osborne Road South, Southampton SO17 2FD3
£250K05/210.2 mi43, Osborne Road South, Southampton SO17 2FD3
£323K12/210.21 mi10, Dundee Road, Southampton SO17 2NB3
£323K12/210.21 mi10, Dundee Road, Southampton SO17 2NB3
£240K05/220.22 mi3, Stanley Road, Southampton SO17 2LW3
£330K05/230.22 mi36, Vespasian Road, Southampton SO18 1AZ3
£285K06/220.22 mi2, Stanley Road, Southampton SO17 2LW3
£297K09/220.23 mi55, Osborne Road South, Southampton SO17 2FE3
£315K12/200.23 mi32, Hawkeswood Road, Southampton SO18 1AB3
£274.5K03/210.24 mi55, Pettinger Gardens, Southampton SO17 2WL3
£255K03/210.25 mi4, Hawkeswood Road, Southampton SO18 1AB3
£308K04/230.28 mi17, Rampart Road, Southampton SO18 1AT3
£257.5K07/230.28 mi74, St Denys Road, Southampton SO17 2FL3
£360K01/230.3 mi3, Steuart Road, Southampton SO18 1AJ3
£227K01/210.3 mi99, Bitterne Road West, Southampton SO18 1AU3
£260K03/230.31 mi20, Priory Close, Southampton SO17 2FR3
£255K11/220.32 mi5, Kent Road, Southampton SO17 2LJ3
£280K03/210.32 mi61, Chafen Road, Southampton SO18 1BD3
£254K09/230.33 mi53, Steuart Road, Southampton SO18 1AJ3
£255K02/210.33 mi11, Steuart Road, Southampton SO18 1AJ3
£245K12/200.33 mi35, Steuart Road, Southampton SO18 1AJ3
£225K12/210.33 mi1, Thackeray Road, Southampton SO17 2GS3
£340K08/230.33 mi10, Priory Avenue, Southampton SO17 2LT3
£280K03/220.34 mi199, Priory Road, St Denys, Southampton SO17 2LR3
£238.5K08/210.35 mi19, Woodside Road, Portswood, Southampton SO17 2GU3
£310K04/230.35 mi46, Steuart Road, Southampton SO18 1AH3
£287K12/220.35 mi33, Aberdeen Road, Southampton SO17 2LL3
£250K09/230.35 mi65, Quayside Road, Southampton SO18 1AE3
£310K07/230.35 mi161, Osborne Road North, Southampton SO17 2FH3
£325K12/210.36 mi12, Aberdeen Road, Southampton SO17 2LN3
£425K12/220.37 mi37, Spring Crescent, Southampton SO17 2FZ3
£254K01/210.37 mi324, Priory Road, Southampton SO17 2LS3
£165K11/200.37 mi288a, Priory Road, St Denys, Southampton SO17 2LS3
£227K05/210.37 mi266, Priory Road, Southampton SO17 2LS3
£205K08/230.37 mi284, Priory Road, St Denys, Southampton SO17 2LS3
£273K12/200.38 mi148, Osborne Road North, Southampton SO17 2FF3
£257K02/210.38 mi168, Osborne Road North, Southampton SO17 2FF3
£200K03/210.39 mi6, Kent Road, Southampton SO17 2LH3
£250K03/210.39 mi104, Kent Road, Southampton SO17 2LH3
£315K02/210.39 mi66, Kent Road, Southampton SO17 2LH3

Local Rents

50 rents from £1.2K/mo to £2.7K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,45009/240.02 miPriory Road, Southampton, Hampshire, SO17 2JQ3
£1,35009/240.04 miSouth Road, St Denys3
£1,27504/250.06 mi-3
£1,30009/240.14 miSouthampton3
£1,60004/250.15 mi-3
£1,50004/250.15 mi-3
£1,69509/240.16 miEastfield Road, Southampton, Hampshire, SO173
£1,25002/250.2 mi-3
£1,55002/250.21 mi-3
£2,67510/240.22 mi-3
£1,45009/240.23 mi-3
£1,25010/240.23 mi-3
£1,25009/240.23 miOsborne Road South, Southampton, SO173
£1,35004/250.26 mi-3
£1,35009/240.31 miThackeray Road, Southampton3
£1,37509/240.33 mi-3
£2,00009/240.34 miWestridge Road, Portswood, Southampton3
£1,55009/240.35 miQuayside Road, Southampton3
£1,35011/240.36 mi-3
£1,25011/240.36 mi-3
£1,45009/240.37 miSteuart Road, Bitterne Manor, Southampton, Hampshire, SO183
£1,60009/240.39 miTennyson Road, Southampton3
£1,60009/240.39 miTennyson Road, Southampton3
£1,40009/240.4 miKent Road, Southampton, Hampshire, SO173
£1,40009/240.4 miKent road, SO173
£1,62509/240.41 miPortswood Avenue, Southampton3
£1,45009/240.41 miPortswood Avenue, Southampton3
£1,85002/240.42 miMacnaghten Road, Southampton, Hampshire, SO183
£1,65009/240.43 miPortswood Road, Southampton3
£1,65009/240.43 miPortswood Road, Southampton3
£1,62509/240.43 miPortswood Road, Southampton3
£1,60009/240.43 miPortswood Road, Southampton3
£1,60009/240.43 miPortswood Road, Southampton3
£1,65009/240.43 miPortswood Road, Southampton3
£1,65009/240.43 miPortswood Road, Southampton3
£1,62509/240.43 miPortswood Road, Southampton3
£1,60009/240.43 miPortswood Road, Southampton3
£1,65009/240.43 miPortswood Road, Southampton3
£1,60009/240.43 miPortswood Road, Southampton3
£1,65009/240.43 miPortswood Road, Southampton, SO173
£1,61009/240.43 miPortswood Road, Southampton3
£1,50003/250.43 mi-3
£1,40009/240.44 miPortswood Road3
£1,25009/240.44 miPortswood Road3
£1,23009/240.44 miThe Broadway3
£1,40009/240.44 miPortswood Road, Southampton3
£1,35009/240.44 mi|Ref: R152314|, Portswood Road, Southampton, SO17 2FW3
£1,46109/240.45 miPortswood Road, Southampton3
£1,52109/240.45 miPortswood Road, Southampton3
£1,50009/240.45 miPortswood Road, Southampton3

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.34 miles away

Nearest school

0.30 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 £260,000

October 30, 2024

Floor Plans

Description

  • Character House +
  • Semi Detached +
  • Three Bedrooms +
  • Mooring +
  • Direct River Views +
  • No Forward Chain +

A rare and genuinely exciting opportunity to purchase this three-bedroom Victorian semi-detached property which is situated on the banks of the River Itchen.

This character property enjoys the use of a pontoon with southernly facing garden with uninterrupted water views along the river towards Southampton City Centre. The pontoon is accessible via the rear garden which is low maintenance but also has side pedestrian access. On entering the property from the entrance hall there is access to the sitting room with an attractive double glazed bay window and a separate dining room. The kitchen is functional with ample storage and space for appliances, this leads to an inner lobby with side door leading out to the rear garden. A three-piece bathroom can be found at the rear. From the first-floor landing there is access to two double bedrooms with the back room providing access into the third bedroom which could be utilised as a bathroom or study room. The property would benefit from a degree of modernisation however has been a long-standing family home with many happy memories.

Council Tax : C

Southampton is a thriving commercial port with a population in excess of 250,000 and achieved city status in 1964 due to its contribution to trade and the economy. The city centre offers an extensive range of shopping and leisure facilities ranging from small boutique outlets to major department stores including the landmark West Quay shopping mall. Restaurants, bars and cafes cater for every taste and the Cinema de lux offers the finest film viewing experience. Numerous pleasant parks together with The Common, City golf course and sports centre offer a wide range of leisure opportunities with hundreds of acres of green open space. Premier league football is played at St Marys and the Ageas Bowl is the home of Hampshire cricket hosting domestic and international matches together with live music events. The Guildhall, Mayflower and Nuffield theatres host a wide and eclectic range of plays, opera, ballet and musicals and the public art gallery in the civic centre has a famous and acclaimed collection.

Agent Details

Charters, Southampton

0238 144 9902

Next Steps?

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