2 Bed Terraced House, Single Let, Southampton, SO14 1LP, £225,000

Palmerston Road, Southampton, Hampshire, SO14 1LP - 6 months ago

Leasehold

BTL

ROI: 1%

~57 m²

+10 photos

ValuationOvervalued

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Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£14,450£14,450
Total Cash In	£70,700£70,700

Cash Out
Rent Range	£925 - £3,000£925 - £3,000
Rent Estimate	£998
Running Costs/mo	£923£923
Cashflow/mo	£75£75
Cashflow/yr	£903£903
ROI	1%1%
Gross Yield	5%5%

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Local Rents

51 rents from £925/mo to £3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	08/24	0.04 mi	-	2	Flat
£1,150	03/25	0.11 mi	-	2	Flat
£1,150	09/24	0.12 mi	Parkview Mansions, New Road, Southampton, SO14	2	Flat
£1,800	03/25	0.13 mi	-	2	Flat
£2,200	04/25	0.13 mi	-	2	Flat
£2,200	09/24	0.14 mi	-	2	Flat
£3,000	09/24	0.14 mi	-	2	Flat
£1,250	09/24	0.16 mi	Craven Street Southampton, SO14	2	Flat
£1,450	02/25	0.17 mi	-	2	Flat
£1,150	04/25	0.17 mi	-	2	Flat
£995	09/24	0.17 mi	St Mary's Street, St Mary's, Southampton, SO14	2	Flat
£1,150	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,350	09/24	0.18 mi	2 Bedroom Flat \| City Centre \| Available 1st September 2024	2	Flat
£1,150	09/24	0.18 mi	\|Ref: R152476\|, Hanover Building, Southampton, SO14 1JH	2	Flat
£1,300	09/24	0.18 mi	\|Ref: R152647\|, Hanover Buildings, Southampton, SO14 1JH	2	Flat
£1,100	09/24	0.18 mi	\|Ref: R152456\|, Hanover Buildings, Southampton, SO14 1JH	2	Flat
£1,100	09/24	0.18 mi	\|Ref: R152202\|, Hanover House, Hanover Building, Southampton, SO14 1JH	2	Flat
£1,250	09/24	0.18 mi	\|Ref: R152181\|, Hanover House, 19a Hanover Buildings, Southampton, SO14 1JH	2	Flat
£1,300	09/24	0.18 mi	\|Ref: R152382\|, Hanover Buildings, Southampton, SO14 1JH	2	Flat
£925	09/24	0.18 mi	St. Mary Street, Southampton	2	Flat
£1,100	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,300	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,250	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,250	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,300	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,150	09/24	0.18 mi	Hanover Buildings, Southampton	2	Flat
£1,100	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,150	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,200	09/24	0.18 mi	Hanover Court, Southampton, Hampshire, SO14 1BP	2	Flat
£1,300	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,100	09/24	0.18 mi	Hanover Buildings, Southampton, Hampshire, SO14	2	Flat
£1,150	09/24	0.18 mi	F-4 HANOVER COURT, Southampton, Hampshire, SO14	2	Flat
£1,095	09/24	0.18 mi	1-2 Hanover Buildings, Southampton	2	Flat
£995	09/24	0.19 mi	Halifax Apartments, SO14	2	Flat
£1,000	09/24	0.19 mi	Above Bar Street, City Centre	2	Flat
£1,150	09/24	0.21 mi	\|Ref: R152329\|, Hanover Court, Southampton, SO14 1BP	2	Flat
£1,100	10/24	0.22 mi	-	2	Flat
£1,100	10/24	0.22 mi	-	2	Flat
£1,000	03/25	0.22 mi	-	2	Flat
£1,030	10/24	0.22 mi	-	2	Flat
£1,590	09/24	0.23 mi	Park Walk, Guildhall Apartments, 10 Park Walk, Southampton, Hampshire, SO14 7BL	2	Flat
£1,450	09/24	0.23 mi	Park Walk, Southampton, SO14	2	Flat
£1,095	09/24	0.23 mi	-	2	Flat
£1,250	09/24	0.24 mi	Ogle Road, Southampton	2	Flat
£1,200	09/24	0.24 mi	East Street	2	Flat
£1,200	09/24	0.24 mi	Orchard Place, Southampton, SO14	2	Flat
£1,400	04/25	0.24 mi	-	2	Flat
£1,550	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat
£1,700	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat
£1,650	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat
£1,575	09/24	0.24 mi	Gatehouse Apartments, Southampton Southampton SO14	2	Flat

Local Area Statistics

Population in SO14	27,22327,223
Population in Southampton	428,247428,247
Town centre distance	1.12 miles away1.12 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+7%+7%

Property History

Price changed to £225,000

March 28, 2025

Price changed to £230,000

February 4, 2025

Price changed to £225,000

January 15, 2025

Listed for £230,000

November 13, 2024

Floor Plans

Description

City Centre +
Parking +
2 Bedrooms +
Terrace +

Austin and Wyatt are pleased to announce this CHAIN FREE top floor two bedroom apartment in the heart of central Southampton.

The property boasts a light, airy interior and features include a spacious private terrace, two bedrooms, and main bathroom, entrance hall, kitchen and living area along with allocated PARKING & storage area. A viewing is recommended to appreciate this stunning apartment.

Southampton city centre is particularly popular due to the shopping and restaurant facilities of the high street, there are the shopping centres of West Quay and The Marlands. The nearby recreational options include Southampton sports centre and Southampton Common, which the later offers 300 acres of parkland and is popular all year round with families and athletic types. Southampton also have excellent road and rail links with easy access to the M3 and M27 motorways and there is a direct line into Waterloo from Southampton central station.

Agent Details

Austin & Wyatt, Southampton

0238 144 9979

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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