3 Bed Bungalow, Refurb/BRRR, Romsey, SO51 0NG, £475,000

Stockbridge Road, Timsbury, Romsey, Hampshire, SO51 0NG - 2 views - 4 months ago

Refurb/BRRR

~180 m²

+11 photos

ValuationFair Value

Sold Prices	£200K - £785K
Sold Prices/m²	£3K/m² - £7.1K/m²

Square Metres	~180.30 m²
Price/m²	£2.6K/m²
Value Estimate	£475,000£475,000

End Value (After Refurb)	£813,206£813,206
Uplift in Value	+71%+71%
You could potentially get back more cash than you put into this deal. All your cash out plus £3,836 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£36,200£36,200
Refurb Costs	£80,650£80,650
Bridging Loan Interest	£12,469£12,469
Total Cash In	£249,819£249,819

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£813,206£813,206
Agent Fees (1%)	£8,132£8,132
Bridging Loan	£356,250£356,250
Bridging Loan Interest	£12,469£12,469
Flip Profit	£199,005£199,005

Local Sold Prices

50 sold prices from £200K to £785K, average is £357.5K. £3K/m² to £7.1K/m², average is £4.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£740K	03/23	0.31 mi	Elmwood, Hill View Road, Michelmersh, Romsey, Hampshire SO51 0NN	-	-	3	Detached House
£785K	03/21	0.31 mi	Nesta, Hill View Road, Michelmersh, Romsey, Hampshire SO51 0NN	-	-	3	Detached House
£535K	01/23	0.32 mi	Fairview, Stockbridge Road, Timsbury, Romsey, Hampshire SO51 0NF	£4,534	118	3	Semi-Detached House
£460.3K	12/20	1.7 mi	Dunollie, Danes Road, Awbridge, Romsey, Hampshire SO51 0HL	£3,742	123	3	Semi-Detached House
£650K	06/21	1.97 mi	Ashleigh, Old Salisbury Lane, Romsey, Hampshire SO51 0GD	-	-	3	Detached House
£550K	05/23	1.97 mi	19, Hill View Road, Braishfield, Romsey, Hampshire SO51 0PP	-	-	3	Terraced House
£330K	12/20	1.97 mi	13, Hill View Road, Braishfield, Romsey, Hampshire SO51 0PP	£3,333	99	3	Semi-Detached House
£385K	05/23	2.02 mi	35, Wyndham Drive, Romsey, Hampshire SO51 0AP	£5,000	77	3	Terraced House
£330K	06/21	2.02 mi	36, Wyndham Drive, Romsey, Hampshire SO51 0AP	£4,286	77	3	Semi-Detached House
£430K	03/23	2.13 mi	32, Tate Close, Romsey, Hampshire SO51 0BE	£5,733	75	3	Semi-Detached House
£386.5K	04/23	2.14 mi	102, Cutforth Way, Romsey, Hampshire SO51 0BD	£4,713	82	3	Semi-Detached House
£390K	01/23	2.15 mi	161, Cutforth Way, Romsey, Hampshire SO51 0BG	£5,270	74	3	Semi-Detached House
£507.5K	06/21	2.22 mi	35, Brook Way, Romsey, Hampshire SO51 7JZ	-	-	3	Detached House
£320K	08/21	2.23 mi	34, Priestlands, Romsey, Hampshire SO51 8FL	-	-	3	Semi-Detached House
£390K	02/21	2.24 mi	17, Lansdowne Gardens, Romsey, Hampshire SO51 8FN	£5,270	74	3	Semi-Detached House
£471K	10/20	2.24 mi	13, Richmond Lane, Romsey, Hampshire SO51 7LB	£4,361	108	3	Detached House
£425K	03/21	2.26 mi	7, Laurence Mews, Romsey, Hampshire SO51 7SB	£4,474	95	3	Semi-Detached House
£349K	04/23	2.28 mi	28, Lansdowne Close, Romsey, Hampshire SO51 8FQ	-	-	3	Terraced House
£325K	06/21	2.28 mi	11, Lansdowne Close, Romsey, Hampshire SO51 8FQ	-	-	3	Terraced House
£312K	04/23	2.28 mi	18, Lansdowne Close, Romsey, Hampshire SO51 8FQ	-	-	3	Semi-Detached House
£200K	06/23	2.28 mi	9, St Johns Gardens, Romsey, Hampshire SO51 7RW	-	-	3	Semi-Detached House
£600K	01/23	2.31 mi	4, Tench Way, Romsey, Hampshire SO51 7RX	£5,887	102	3	Detached House
£480K	09/21	2.31 mi	3, Carisbrooke Court, Romsey, Hampshire SO51 7JQ	-	-	3	Detached House
£420K	05/21	2.31 mi	11, Horsecroft, Romsey, Hampshire SO51 0GS	£5,016	84	3	Detached House
£450K	11/22	2.31 mi	4, Horsecroft, Romsey, Hampshire SO51 0GS	-	-	3	Detached House
£277K	07/21	2.31 mi	35, Cavendish Close, Romsey, Hampshire SO51 7HT	£3,693	75	3	Terraced House
£265K	03/21	2.31 mi	29, Cavendish Close, Romsey, Hampshire SO51 7HT	£2,978	89	3	Terraced House
£260K	02/21	2.31 mi	61, Cavendish Close, Romsey, Hampshire SO51 7HT	-	-	3	Terraced House
£465K	03/23	2.32 mi	1, Oatlands, Romsey, Hampshire SO51 0GT	£5,407	86	3	Semi-Detached House
£258K	06/21	2.32 mi	71, Kinver Close, Romsey, Hampshire SO51 7JW	£3,634	71	3	Terraced House
£274K	04/21	2.32 mi	13, Kinver Close, Romsey, Hampshire SO51 7JW	-	-	3	Terraced House
£431.6K	11/22	2.34 mi	33, Kingfisher Way, Romsey, Hampshire SO51 7RY	£5,395	80	3	Terraced House
£425K	03/23	2.34 mi	36, Kingfisher Way, Romsey, Hampshire SO51 7RY	-	-	3	Semi-Detached House
£548K	05/23	2.35 mi	14, Oatlands, Romsey, Hampshire SO51 0GW	£6,022	91	3	Detached House
£280K	07/21	2.35 mi	37, Stapleford Close, Romsey, Hampshire SO51 7HU	£3,294	85	3	Terraced House
£262.5K	11/20	2.35 mi	35, Stapleford Close, Romsey, Hampshire SO51 7HU	£3,547	74	3	Terraced House
£325K	09/23	2.36 mi	50, Kinver Close, Romsey, Hampshire SO51 7JU	£4,167	78	3	Terraced House
£340K	05/21	2.36 mi	32, Bransley Close, Romsey, Hampshire SO51 7JT	£3,148	108	3	Semi-Detached House
£447K	03/23	2.37 mi	49, Withy Close, Romsey, Hampshire SO51 7SA	£4,356	103	3	Semi-Detached House
£316K	06/21	2.37 mi	15, Hollman Drive, Romsey, Hampshire SO51 8ES	-	-	3	Terraced House
£280K	08/21	2.38 mi	56, Woodley Close, Romsey, Hampshire SO51 7PD	£3,790	74	3	Terraced House
£460K	06/23	2.39 mi	3, New Road, Romsey, Hampshire SO51 7LL	£7,077	65	3	Terraced House
£360K	10/23	2.4 mi	51, Malmesbury Road, Romsey, Hampshire SO51 8FS	£4,675	77	3	Semi-Detached House
£355K	12/22	2.41 mi	14, Rimington Gardens, Romsey, Hampshire SO51 7TT	-	-	3	Semi-Detached House
£315K	09/21	2.43 mi	18, Malmesbury Road, Romsey, Hampshire SO51 8FT	£4,091	77	3	Semi-Detached House
£235K	04/21	2.43 mi	38, Mercer Way, Romsey, Hampshire SO51 7QH	-	-	3	Terraced House
£262.5K	09/21	2.43 mi	42, Mercer Way, Romsey, Hampshire SO51 7QH	£3,017	87	3	Terraced House
£295K	03/21	2.43 mi	26, Duttons Road, Romsey, Hampshire SO51 8DR	£3,933	75	3	Terraced House
£310K	03/23	2.43 mi	4, Halden Close, Romsey, Hampshire SO51 7TS	-	-	3	Terraced House
£343K	03/21	2.44 mi	9, Cherville Street, Romsey, Hampshire SO51 8FB	-	-	3	Semi-Detached House

Local Rents

49 rents from £725/mo to £3.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	02/24	0.55 mi	Staff Road, Romsey	4	Detached House
£2,500	02/24	0.73 mi	Manor Lane, Timsbury, Romsey, Hampshire, SO51	4	Detached House
£1,090	09/24	1.04 mi	Braishfield, Romsey Rural	2	Flat
£750	09/24	1.17 mi	Station Approach, Romsey, Hampshire, SO51	1	Flat
£2,500	12/24	1.38 mi	Belbins, Romsey, Hampshire SO51	3	Terraced House
£2,000	09/24	1.71 mi	Trokes Cottage, Mottisfont, SO51 0LH	3	Flat
£3,250	12/24	1.75 mi	Harry Court, Cupernham Lane, Romsey, Hampshire, SO51	5	Detached House
£3,250	09/24	1.78 mi	Old Salisbury Lane, Romsey, Hampshire, SO51	5	Flat
£2,100	02/24	1.97 mi	-	3	Semi-Detached House
£2,750	05/24	1.99 mi	-	4	Detached House
£1,600	11/23	1.99 mi	-	4	Semi-Detached House
£1,700	12/24	2 mi	Crook Hill, Braishfield	3	Bungalow
£1,725	08/23	2 mi	-	4	Flat
£1,850	03/25	2.02 mi	-	3	Terraced House
£3,500	02/25	2.04 mi	-	5	Detached House
£3,400	01/24	2.08 mi	-	5	Detached House
£1,600	09/24	2.12 mi	2 Canefield Cottages Romsey Road, Lockerley, Romsey	3	Flat
£1,600	12/24	2.14 mi	Cutforth Way, ROMSEY	3	House
£1,650	05/23	2.16 mi	-	3	Flat
£1,500	09/24	2.16 mi	Spearywell, SO51	2	Detached House
£1,150	02/24	2.17 mi	Tate Close, Abbotswood, Romsey, Hampshire, SO51	2	Flat
£1,150	04/25	2.18 mi	-	1	Terraced House
£1,155	09/24	2.18 mi	-	1	Flat
£1,300	01/25	2.18 mi	-	1	Terraced House
£1,100	09/24	2.19 mi	-	1	Flat
£1,150	09/24	2.21 mi	Freemantle Road, Romsey, Hampshire, SO51	2	Flat
£1,295	09/24	2.23 mi	Minchin Road, Romsey	2	Detached House
£2,950	12/24	2.24 mi	Walnut Close, Romsey	5	Detached House
£1,200	12/24	2.25 mi	-	2	Flat
£1,600	09/24	2.26 mi	Thomas Hunt Row, Abbotswood Common Road, Romsey, Hampshire, SO51	3	Terraced House
£1,350	09/24	2.28 mi	St. Johns Gardens, Romsey	2	Flat
£1,200	09/24	2.3 mi	Awbridge	2	Detached House
£1,500	09/24	2.31 mi	Romsey	3	Flat
£1,000	12/24	2.34 mi	St Clements Close, Romsey	1	Flat
£1,500	12/24	2.35 mi	Romsey	3	House
£1,400	09/24	2.36 mi	Kinver Close, Romsey	3	Flat
£1,500	12/24	2.36 mi	Bransley Close, ROMSEY	4	Terraced House
£1,750	09/24	2.36 mi	Compton Cottages, Kings Somborne, Stockbridge, Hampshire, SO20	3	Detached House
£1,350	12/24	2.37 mi	-	4	Semi-Detached House
£960	04/25	2.39 mi	-	1	Flat
£3,250	12/24	2.41 mi	Braishfield Road, Romsey, Hampshire, SO51	4	Detached House
£1,000	01/25	2.43 mi	-	3	Terraced House
£1,350	04/25	2.44 mi	-	2	Semi-Detached House
£2,000	12/24	2.45 mi	Princes Road, Romsey, Hampshire, SO51	3	Semi-Detached House
£1,500	12/24	2.46 mi	Lincoln Close, Romsey	3	Terraced House
£725	09/24	2.47 mi	Romsey Tavistock Close UNFURNISHED	1	Studio Flat
£1,000	11/24	2.47 mi	-	1	Semi-Detached House
£1,600	09/24	2.48 mi	Canefield Cottages, Romsey Road, Lockerley, Romsey, SO51	3	Detached House
£1,475	12/24	2.48 mi	Fairview Drive, ROMSEY	3	House

Local Area Statistics

Population in SO51	26,98926,989
Town centre distance	2.38 miles away2.38 miles away
Nearest school	1.60 miles away1.60 miles away
Nearest train station	1.60 miles away1.60 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Price changed to £475,000

March 12, 2025

Listed for £500,000

December 13, 2024

Floor Plans

Description

Three Bedroom Detached Bungalow +
Long Driveway and Garage +
Ample Off Street Parking +
Beautiful Views +
Spacious Bungalow +
Potential for Modernisation +

Located down a private drive this spacious detached bungalow includes a private rear garden, garage and ample off road parking. Outstanding countryside views and potential for modernisation.

Agent Details

Michael Rhodes, Romsey

01794 514455

Next Steps?

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

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