2 Bed Flat, Single Let, Southampton, SO17 2EY, £180,000

Lawn Road, Southampton, SO17 2EY - 2 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£104K - £525K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£155,682

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£950 - £2,300

Rent Estimate

£922

Running Costs/mo

£767

Cashflow/mo

£155

Cashflow/yr

£1,861

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £104K to £525K, average is £179.3K. £1.5K/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£160K02/230.11 miFlat 1, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K09/210.11 miFlat 8, Ascupart House, Portswood Road, Southampton SO17 2US2
£150K05/230.11 miFlat 11, Ascupart House, Portswood Road, Southampton SO17 2US2
£142K04/230.11 miFlat 4, Ascupart House, Portswood Road, Southampton SO17 2US2
£160K08/230.16 mi8a, Rigby Road, Southampton SO17 2EU2
£138K07/210.19 mi36, Shakespeare Avenue, Southampton SO17 2HB2
£168K06/210.26 mi31, Adelaide Road, Southampton SO17 2HU2
£210K04/230.39 mi5, Padwell Road, Southampton SO14 6QY2
£202K12/210.4 miFlat 11, Westwood Mansions, Westwood Road, Southampton SO17 1UY2
£190K05/210.4 miFlat 1, Elm Court, Westwood Road, Southampton SO17 1DX2
£182K09/210.4 miFlat 3, Elm Court, Westwood Road, Southampton SO17 1DX2
£195K12/200.4 miFlat 9, Elm Court, Westwood Road, Southampton SO17 1DX2
£167K08/210.4 mi100b, Adelaide Road, Southampton SO17 2HX2
£190K07/210.42 miFlat 6, Westwood Court, Westwood Road, Southampton SO17 1UX2
£227.5K09/210.42 miFlat 2, Westwood Court, Westwood Road, Southampton SO17 1UX2
£210K07/210.42 miFlat 5, Westwood Court, Westwood Road, Southampton SO17 1UX2
£104K04/210.46 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£178.5K04/230.48 miFlat 6, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£150K03/210.48 miFlat 12, Buckingham Court, Westwood Road, Southampton SO17 1HD2
£252.5K07/230.49 miFlat 1, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£174K07/210.5 miFlat 3, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£180K02/210.5 miFlat 2, Latimer Court, Brookvale Road, Southampton SO17 1QX2
£145K08/210.52 mi72b, Bitterne Road West, Southampton SO18 1AP2
£118.5K12/200.53 mi51a, Alfred Street, Southampton SO14 0NB2
£195K06/230.57 miFlat 19, St Michaels Court, Priory Close, Southampton SO17 2FR2
£525K12/200.59 mi103, Highfield Lane, Southampton SO17 1NN2
£202K12/200.6 mi12, Moore Close, Southampton SO15 2RS2
£170K07/230.61 mi217, Priory Road, St Denys, Southampton SO17 2LR2
£192K11/210.62 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.62 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.64 mi16, James Weld Close, Southampton SO15 2SW2
£153K12/200.66 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£202K09/230.71 mi18, Riverdene Place, Southampton SO18 1UG2
£205K05/210.73 mi68, Riverdene Place, Southampton SO18 1UH2
£152K08/210.76 miFlat 2, Cranford House, Cranford Way, Southampton SO17 1UE2
£155K03/210.82 mi32a, St Catherines Road, Southampton SO18 1LJ2
£112K10/200.82 mi26a, St Catherines Road, Southampton SO18 1LJ2
£168K12/200.85 mi11a, St Catherines Road, Southampton SO18 1LL2
£156K04/210.87 miFlat 3, Christine Court, Cobbett Road, Bitterne Park, Southampton SO18 1RD2
£210K06/230.88 mi2, Arlott Court, Southampton SO15 2RZ2
£197K08/230.88 mi30, Arlott Court, Southampton SO15 2RZ2
£170K03/230.89 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.89 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£185K12/210.89 miFlat 1, Kingfisher Court, Highfield Road, Southampton SO17 1UN2
£250K03/230.89 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£197.5K09/230.91 mi5, Kenilworth Road, Southampton SO15 2GD2
£163K01/230.91 mi619, Portswood Road, Southampton SO17 3SL2
£120K04/210.93 mi185, Golden Grove, Southampton SO14 1TD2
£177.5K01/230.94 miFlat 5, Grenville Court, Silverdale Road, Southampton SO15 2TD2
£212K04/230.95 mi23a, Hillside Avenue, Bitterne Park, Southampton SO18 1LD2

Local Rents

50 rents from £950/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95009/240 miLawn Court, Portswood2
£1,20009/240 miLawn Court, Portswood2
£1,30009/240 miLawn Road, Southampton2
£95009/240.03 miLawn Road, Portswood2
£97509/240.11 miPortswood Park, Southampton SO172
£1,29502/240.12 mi-2
£1,29503/250.12 mi-2
£1,29502/240.12 mi-2
£1,29508/240.12 mi-2
£1,05009/240.17 miPortswood Road, Southampton, Hampshire, SO172
£1,00009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,27509/240.18 miPortswood Road, Southampton2
£1,28509/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,32009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,29509/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,30009/240.18 miPortswood Road, Southampton2
£1,33509/240.18 miPortswood Road, Southampton2
£1,33509/240.18 miPortswood Road, Southampton2
£1,25009/240.18 miPortswood Road, Southampton2
£1,37509/240.18 miPortswood Road, Southampton, SO172
£1,37509/240.18 miPortswood Road, Southampton, SO172
£1,20003/250.19 mi-2
£1,00009/240.19 miBevois Valley Road, Southampton, Hampshire, SO142
£1,25002/250.2 mi-2
£1,25002/250.2 mi-2
£1,12009/240.2 miPortswood Road, Southampton2
£1,05009/240.21 mi|Ref: R152070|, Portswood Road, Southampton, SO17 2FU2
£1,05009/240.21 mi|Ref: R204016|, Portswood Road, Southampton, SO17 2FU2
£1,05009/240.21 miPortswood Road, SOUTHAMPTON2
£1,05009/240.21 miPortswood Road, SOUTHAMPTON2
£1,10009/240.23 miAlma Road, Portswood, Southampton2
£1,20009/240.24 miBelmont Road, Southampton2
£1,10009/240.24 miBelmont Road, Portswood2
£1,10009/240.26 mi|Ref: R153069|, Belmont Road, Southampton, SO17 2GD2
£2,30003/250.26 mi-2
£1,20009/240.27 mi|Ref: R205878|, Bevois Valley Road, SOUTHAMPTON, SO14 0JZ2
£1,25002/240.28 miWestridge Road, Southampton, Hampshire, SO172
£1,35009/240.28 miWestridge Road, Southampton2

Local Area Statistics

Population in SO17

19,429

Population in Southampton

428,247

Town centre distance

0.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £180,000

November 14, 2024

Floor Plans

Description

This fantastic two-bedroom ground-floor flat is nestled within a striking Victorian building that was converted into apartments, preserving the period charm while adding modern comforts. Upon entering the property, you're welcomed by an entrance hallway leading into the spacious living room, beautifully illuminated by a feature bay window that enhances the sense of light and space. High ceilings and thoughtfully proportioned rooms bring character and functionality, all complemented by neutral decor that gives the property a timeless appeal.

The separate kitchen is well-designed, offering ample storage and countertop space, along with room for all essential appliances.. The two well-sized bedrooms provide cosy retreats, both served by a three-piece bathroom.

A standout feature of this home is its direct access to a communal, established rear garden, an ideal spot for relaxation. Located on a quiet, no-through road in the popular area of Portswood, the flat enjoys excellent convenience. It’s just a short walk from St Denys train station, close to the bustling Portswood High Street with its array of amenities, and offers easy access to the city centre as well as excellent commuting links.

With the added advantage of being offered with no forward chain, this property presents an exceptional opportunity for first-time buyers or investors seeking a well-connected, character-filled home in a hugely popular location.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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