2 Bed Semi-Detached House, Refurb/BRRR, Southampton, SO17 2HS, £160,000

Priory Road, St Denys, Southampton SO17 2HS - 12 views - 5 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£118K - £342.7K
Sold Prices/m²£1.8K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£211,774

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£30,760

Bridging Loan Interest

£4,200

Total Cash In

£82,710

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£211,774

Mortgage (After Refinance)

£158,831

Mortgage LTV

75%

Cash Released

£38,831

Cash Left In

£43,879

Equity

£52,944

Rent Range

£850 - £1,500

Rent Estimate

£1,180

Running Costs/mo

£918

Cashflow/mo

£262

Cashflow/yr

£3,146

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £118K to £342.7K, average is £230K. £1.8K/m² to £4.6K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£342.7K03/230 mi118, Priory Road, St Denys, Southampton SO17 2HS2
£275K09/220.02 mi67, Priory Road, St Denys, Southampton SO17 2JQ2
£278.3K04/230.05 mi59, Ivy Road, St Denys, Southampton SO17 2JP2
£220K11/200.05 mi63a, Ivy Road, St Denys, Southampton SO17 2JP2
£270K02/230.06 mi61, Ivy Road, St Denys, Southampton SO17 2JP2
£230K12/200.06 mi17, Ivy Road, Southampton SO17 2JP2
£238K09/220.08 mi74, Ivy Road, St Denys, Southampton SO17 2JN2
£211K04/210.09 mi12, South Road, Southampton SO17 2JL2
£185K07/210.09 mi1, Adelaide Road, Southampton SO17 2HU2
£212K07/230.11 mi76a, Adelaide Road, Southampton SO17 2HW2
£220K04/230.11 mi8, Adelaide Road, Southampton SO17 2HW2
£287K12/220.13 mi73, Ivy Road, St Denys, Southampton SO17 2JB2
£263K05/220.14 mi42, Eastfield Road, Southampton SO17 2JG2
£250K02/230.14 mi79, Ivy Road, St Denys, Southampton SO17 2JB2
£238K06/210.18 mi19, North Road, Southampton SO17 2LZ2
£179K10/200.2 mi25, Dundee Road, Southampton SO17 2ND2
£228K06/210.21 mi140, Adelaide Road, Southampton SO17 2HX2
£245K09/210.21 mi144, Adelaide Road, Southampton SO17 2HX2
£204K05/210.23 mi7, St Augustine Gardens, Southampton SO17 2XA2
£290K03/230.23 mi9, Stanley Road, Southampton SO17 2LW2
£232K10/220.24 mi163, Priory Road, St Denys, Southampton SO17 2JX2
£260K06/210.33 mi24, Chafen Road, Southampton SO18 1BB2
£223K06/210.34 mi229b, Priory Road, Southampton SO17 2LR2
£296K03/230.35 mi229, Priory Road, St Denys, Southampton SO17 2LR2
£225K11/200.38 mi126, Osborne Road North, Southampton SO17 2FF2
£280K11/220.39 mi126, Osborne Road North, Southampton SO17 2FF2
£210K02/210.4 mi45, Kent Road, Southampton SO17 2LJ2
£243K10/210.4 mi55, Kent Road, Southampton SO17 2LJ2
£200K12/200.4 mi18, Kent Road, Southampton SO17 2LH2
£243K10/210.41 mi55, Kent Road, Southampton SO17 2LJ2
£230K06/210.44 mi2, Harcourt Road, Southampton SO18 1GP2
£265K12/200.44 mi22, Harcourt Road, Southampton SO18 1GP2
£183K04/210.47 mi109, Portswood Road, Southampton SO17 2FU2
£245K03/210.51 mi144a, Avenue Road, Southampton SO14 6UA2
£200.5K08/210.51 mi132a, Avenue Road, Southampton SO14 6UA2
£235K11/220.53 mi17, Clausentum Road, Southampton SO14 6RX2
£250K07/210.54 mi27, Spear Road, Portswood, Southampton SO14 6UG2
£205K01/210.56 mi116, Avenue Road, Southampton SO14 6BB2
£220K08/210.57 mi8, Ancasta Road, Southampton SO14 6SB2
£210K12/200.57 mi2, Ancasta Road, Southampton SO14 6SB2
£265K05/230.57 mi4, Ancasta Road, Southampton SO14 6SB2
£223K01/210.57 mi152, Earls Road, Southampton SO14 6TL2
£199.2K08/210.59 mi105, Earls Road, Southampton SO14 6SG2
£206K02/230.59 mi71, Earls Road, Southampton SO14 6SG2
£230K12/220.61 mi232, Northam Road, Southampton SO14 0QE2
£172K09/210.61 mi19, Mount Pleasant Road, Southampton SO14 0EF2
£118K02/230.61 mi11, Mount Pleasant Road, Southampton SO14 0EF2
£255K12/220.61 mi61, Lodge Road, Southampton SO14 6RH2
£235K11/220.62 mi28, Peterborough Road, Southampton SO14 6HX2
£210K07/210.62 mi32, Peterborough Road, Southampton SO14 6HX2

Local Rents

50 rents from £850/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25009/240.05 miIvy Road, SOUTHAMPTON2
£1,25009/240.09 miSouth Road, Southampton2
£1,50002/240.09 mi-2
£1,05011/240.11 mi-2
£1,10011/240.19 mi-2
£1,35002/250.19 mi-2
£1,25003/250.19 mi-2
£1,05009/240.19 miNorth Road, St Denys2
£1,25009/240.19 miVespasian Road,Bitterne Manor, Southampton2
£1,35009/240.22 miStanley Road, Southampton2
£1,20012/240.22 mi-2
£1,10009/240.22 miVespasian Court, Vespasian Road, Southampton, SO182
£1,15009/240.22 miVespasian Court, 52 Vespasian Road, Southampton2
£1,20009/240.23 miBelmont Road, Southampton2
£1,10009/240.23 miBelmont Road, Portswood2
£1,20009/240.24 miCenturion House Hawkeswood Road,Centurion House,44 Hawkeswood Road,Southampton2
£1,15010/240.24 mi-2
£1,10009/240.25 mi|Ref: R153069|, Belmont Road, Southampton, SO17 2GD2
£1,25011/240.25 mi-2
£92509/240.26 miSt. Denys Road, Southampton, Hampshire, SO172
£95009/240.29 miSt Denys Road, SOUTHAMPTON2
£1,35009/240.32 miWestridge Road, Southampton2
£99509/240.33 miElizabeth Court, SO172
£1,00009/240.33 miAberdeen Road, Southampton, SO172
£1,30009/240.33 miPriory Avenue, Southampton2
£95009/240.33 miLawn Court, Portswood2
£1,30009/240.33 miLawn Road, Southampton2
£1,20009/240.33 miLawn Court, Portswood2
£1,35004/250.34 mi-2
£1,25009/240.34 miQuayside Road, Bitterne, Southampton2
£1,25002/240.34 miWestridge Road, Southampton, Hampshire, SO172
£95009/240.35 miLawn Road, Portswood2
£95009/240.36 miWhitworth Crescent, Southampton2
£85003/250.36 mi-2
£1,15009/240.38 miQuayside Road,Southampton,SO182
£1,20009/240.38 miRiverdene Place, Bitterne Park2
£1,05009/240.38 miRiverdene Place, Bitterne Park, Southampton2
£1,10009/240.38 miWestridge Road, Southampton, Hampshire, SO172
£1,25009/240.38 miWestridge Road, Southampton, Hampshire, SO172
£1,05009/240.4 miTennyson Road, Southampton2
£1,00009/240.41 miBelmont Road, Southampton, Hampshire, SO172
£1,19010/240.42 mi-2
£1,19010/240.42 mi-2
£1,32009/240.42 miPortswood Road, Southampton2
£1,25009/240.42 miPortswood Road, Southampton2
£1,30009/240.42 miPortswood Road, Southampton2
£1,30009/240.42 miPortswood Road, Southampton2
£1,30009/240.42 miPortswood Road, Southampton2
£1,30009/240.42 miPortswood Road, Southampton2
£1,30009/240.42 miPortswood Road, Southampton2

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

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-22%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £160,000

December 3, 2024

Floor Plans

Description

  • 2 bed semi-detached house +
  • Lounge separate dining room +
  • Fitted kitchen +
  • Enclosed rear garden +
  • Ensuite shower to bedroom one +
  • Upstairs bathroom suite +
  • Two double bedrooms +
  • Property is need of modernization +
  • Cash buyers only +
  • Open day viewing sessions only +

Franklin Allan Property Services are proud to offer for sale this 2 bedroom semi-detached house positioned on Priory Road in the heart of St Deny's close to all its amenities. Located close to Bitterne Park, Portswood and Southampton City centre makes this an ideal home with all the extra amenities close by including Itchen River just a walk away, access in and out via Thomas Lewis Way and local schools, shops all within close proximity. The property accommodation briefly stretches over two floors, on the ground floor you have a spacious living room leading through to a separate dining room and kitchen over looking the rear garden. Upstairs you have two double bedrooms, front bedroom has its own shower room with wash hand basin and the second bedroom leads on to the upstairs bathroom suite. Features to this home include gas central heating, double glazed windows, private enclosed rear garden and backing onto to Itchen River. (Please note there is no direct views onto water currently) This property however is in need of modernisation and we therefore only want cash buyers to come forward and make their bids. Viewings sessions have been arranged for the 13th December and 19th December starting at 2.30pm and finishing at 5pm. Contact our estate agency and we'll confirm your time slot on one of those days, if you have any questions please get in touch and we'll help answer all queries. Please note property is being sold with no chain.

2 bedroom semi-detached house
Separate lounge and dining room
Gas central heating
Double glazed windows
In need of modernization
Cash buyers only
Open days for the 13th and 19th December
from 2.30pm to 5pm
Confirm your time slot
Offering no chain

Lounge 4m 30cm by 3m 51cm (14' 1" by 11' 6")
Door to lounge, double glazed window to front aspect, radiator, walkway leading to dining room and inner hallway with access to first floor landing, door way to

Inner hallway
Stairs leading to first floor landing, door way to

Dining room 3m 51cm by 3m 51cm (11' 6" by 11' 6")
Double glazed window to rear aspect, radiator, archway to

Kitchen 4m 54cm by 2m 22cm (14' 11" by 7' 3")
Fitted kitchen comprising of inset sink, cupboards under, further eye and base level units, work surfaces over, built in oven, four ring gas hob, space for washing machine and dishwasher, wall mounted gas central heating boiler, double glazed window to side and rear aspect, door to rear garden.

Landing
Doors leading to both bedrooms

Bedroom one

4m 33cm by 3m 52cm (14' 2" by 11' 7")
Two double glazed windows to front aspect, radiator, door to ensuite shower room, shower cubicle with wash hand basin.

Bedroom two

5m 52cm by 3m 49cm (18' 1" by 11' 5")
Double glazed window to rear aspect, radiator, built in cupboard, door to

Bathroom 3m 6cm by 2m 26cm (10' by 7' 5")
Panelled bath, low level WC, wash hand basin, double glazed window to rear aspect, fitted cupboards.

Outside
Mature garden enclosed by timber fencing, large fish pond with wooden bridge leading to rear garden gate.

Services Connected
Please note that any services, heating systems or appliances have not been tested, and no warranty can be given or implied as their working order.

Disclaimer
Whilst we endeavour to make our sales particulars as accurate and reliable as possible, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information. The mention of any appliances and/or services in these details does not imply that these are in full and efficient working order or have been inspected by ourselves. Please be advised that some of the particulars may be awaiting vendor approval. Please contact Jason Franklin should you have any queries and we will try our utmost to assist.

All Measurements
All measurements are approximate, all measurements have been taken using a laser tape measure and therefore, may be subject to a small margin of error.

Franklin Allan Property Services Ltd
Franklin Allan Property Services Limited is a company registered in England, Company No.14515143

Agent Details

FRANKLIN ALLAN PROPERTY SERVICES, Southampton

0238 001 2503

Next Steps?

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