2 Bed Flat, Single Let, Eastleigh, SO50 4BX, £160,000

Alexander Square, Eastleigh, SO50 4BX - 5 months ago

Leasehold
BTL
ROI: 9%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£92.5K - £250K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£188,645
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£895 - £1,350

Rent Estimate

£1,100

Running Costs/mo

£740

Cashflow/mo

£360

Cashflow/yr

£4,320

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £92.5K to £250K, average is £185K. £1.4K/m² to £3.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£185K03/230 mi160, Alexander Square, Eastleigh, Hampshire SO50 4BX2
£168.5K03/230.04 mi69, Alexander Square, Eastleigh, Hampshire SO50 4BW2
£200K07/230.13 mi134, Twyford Road, Eastleigh, Hampshire SO50 4HN2
£175K05/210.22 miFlat 11, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£180K01/210.22 miFlat 18, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£190K05/230.22 miFlat 35, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£185K03/230.22 miFlat 19, Rossetti Court, Byron Road, Eastleigh, Hampshire SO50 4FL2
£165K01/210.27 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£167.5K06/230.27 mi5, Salisbury Court, Eastleigh, Hampshire SO50 9BP2
£218K05/210.46 mi37, Asford Grove, Eastleigh, Hampshire SO50 6BG2
£242K06/230.46 mi36, Asford Grove, Bishopstoke, Eastleigh, Hampshire SO50 6BG2
£175K07/210.46 mi23, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX2
£190K02/210.52 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£200K07/230.52 miFlat 4, Bowman Lodge, Shakespeare Road, Eastleigh, Hampshire SO50 4QR2
£185K02/230.53 miFlat 4, Whitehaugh Court, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6DF2
£205K11/210.53 miFlat 2, Whitehaugh Court, Church Road, Eastleigh, Hampshire SO50 6DF2
£235K02/210.59 miFlat 16, Itchen Grange, Church Road, Eastleigh, Hampshire SO50 6QQ2
£250K10/230.59 miFlat 8, Itchen Grange, Church Road, Bishopstoke, Eastleigh, Hampshire SO50 6QQ2
£220K03/230.6 mi118, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£180K11/200.6 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£182K04/210.6 mi80, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£200K12/220.6 mi94, Loveridge Way, Eastleigh, Hampshire SO50 9PW2
£150K06/230.63 miApartment 4, Hanns Mews, Hanns Way, Eastleigh, Hampshire SO50 5NZ2
£207K02/210.64 mi69, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£190K03/210.64 mi34, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£92.5K09/210.64 mi53, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£175K02/210.64 mi30, Causton Gardens, Eastleigh, Hampshire SO50 9PJ2
£163K09/210.68 mi1a, Sedgwick Road, Bishopstoke, Eastleigh, Hampshire SO50 6FJ2
£165K01/210.74 mi57, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£185K02/230.74 mi37, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£170K03/230.74 mi43, Benny Hill Close, Eastleigh, Hampshire SO50 5GG2
£190K03/210.77 miFlat 3, Osborne Mews, Allbrook Hill, Eastleigh, Hampshire SO50 4JQ2
£180K06/230.77 mi10, Pluto Road, Eastleigh, Hampshire SO50 5GD2
£175K03/210.77 mi16, William Panter Court, Eastleigh, Hampshire SO50 5GL2
£175K06/210.8 mi53, Drum Road, Eastleigh, Hampshire SO50 5ST2
£165K04/210.8 mi5, Drum Road, Eastleigh, Hampshire SO50 5ST2
£170K03/210.8 mi67, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£195K02/230.8 mi73, Stranding Street, Eastleigh, Hampshire SO50 5GR2
£210K12/220.82 mi29, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£202K01/210.83 mi43, Blenheim Road, Eastleigh, Hampshire SO50 5JU2
£180K09/210.84 mi17, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£97.5K05/230.85 mi41, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£194K03/210.85 mi54, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K11/200.85 mi52, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£205K03/210.85 mi1a, Bright Wire Crescent, Eastleigh, Hampshire SO50 5SQ2
£195K02/230.88 mi76, Tinning Way, Eastleigh, Hampshire SO50 9QH2
£175K11/210.9 mi66, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£197K03/230.9 mi52, Hoddinott Road, Eastleigh, Hampshire SO50 5SN2
£235K09/220.96 mi18, Milford Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2HY2
£207.5K04/210.96 mi7, Milford Gardens, Chandler's Ford, Eastleigh, Hampshire SO53 2HY2

Local Rents

17 rents from £895/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89511/240.1 mi-2
£1,25009/240.19 mi-2
£1,12502/250.22 mi-2
£95010/240.26 mi-2
£1,35012/240.27 mi-2
£1,10011/240.36 mi-2
£1,15009/240.46 miSelwyn Gardens, EASTLEIGH2
£1,10004/250.47 mi-2
£1,10009/240.47 miArchers Road, Eastleigh2
£1,15012/240.5 miArchers Road SILVER SUB, Eastleigh, SO502
£1,19512/240.54 miChurch Road, Eastleigh2
£1,17502/240.57 mi-2
£1,17502/250.57 mi-2
£1,15012/240.58 miCrestwood View, Eastleigh, SO502
£1,15009/240.58 mi-2
£1,15012/240.58 miBoyatt Wood2
£1,10004/250.62 mi-2

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.11 miles away

Nearest school

0.30 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £160,000

March 20, 2025

Listed for £170,000

November 26, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Two Bathrooms +
  • Juliet Balcony +
  • Allocated Parking & Guest Parking +
  • Communal Garden +
  • No Chain +

SUMMARY
This well presented ground floor, two bedroom, two bathroom apartment, offers spacious accommodation throughout, featuring a bright lounge/diner with Juliet balcony and French doors, and a neat modern kitchen with integrated oven and hob. Parking & close to town centre also benefits this lovely home

DESCRIPTION
Welcome to this charming and contemporary ground floor apartment in the heart of Eastleigh.
This modern residence boasts a spacious and inviting lounge diner with a Juliet balcony, where natural light floods the room creating a warm and welcoming atmosphere.
Step into the modern kitchen equipped with appliances and ample counter space.
The two double bedrooms are a serene retreat with plenty of space for your comfort and storage needs, with the master bedroom benefiting an en-suite.
The second bathroom is equally modern, featuring contemporary fixtures and a soothing ambiance for your daily needs.
One of the standout features of this apartment is the allocated parking space providing convenience and peace of mind. Additionally the apartment's location is a real gem, being close to the town centre explore the vibrant community, enjoy shopping, dining and entertainment options.

Entrance Hall  
Radiator. Storage cupboard. Intercom. Airing cupboard.

Lounge  13' 9" max x 11' 1" ( 4.19m max x 3.38m )
Juliet balcony with garden views. Radiator. TV & Internet port. Carpet.

Kitchen  11' 7" max x 6' 9" ( 3.53m max x 2.06m )
Fitted kitchen with wall and base units. Integral electric hob and oven. Extractor fan. Wooden flooring. Opens to lounge diner.

Bedroom 1 12' 3" x 9' 9" ( 3.73m x 2.97m )
Double glazed window to rear aspect. Radiator. Carpet. TV port.

En-Suite  
WC. Wash hand basin. Shower cubicle. Shaving port. Radiator. Extractor fan.

Bedroom 2 12' 7" x 8' 3" ( 3.84m x 2.51m )
Double glazed window to rear aspect. Radiator. TV port. Carpet.

Bathroom  
WC. Wash hand basin. Bath with shower over. Radiator. Extractor fan.

Outside 
Allocated parking space and guest parking. Communal garden area.

Agent Note 
Ground rent and Service charges apply.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Eastleigh

0238 144 9895

Next Steps?

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