2 Bed Flat, Single Let, Southampton, SO14 1LT, £120,000

Johnson Street, Southampton, Hampshire, SO14 1LT - 4 months ago

Leasehold
BTL
ROI: 13%
~57 m²
+1 photos

ValuationUndervalued

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

~56.90 m²
Price/m²£2.1K/m²

Value Estimate

£144,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£925 - £3,000

Rent Estimate

£999

Running Costs/mo

£595

Cashflow/mo

£404

Cashflow/yr

£4,850

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £85K to £395K, average is £191K. £1.2K/m² to £3.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£120K04/210.11 mi185, Golden Grove, Southampton SO14 1TD2
£142K11/210.12 miFlat 6, Lewis House, North Front, Southampton SO14 1LH2
£100K09/230.13 mi28, James Street, Southampton SO14 1PJ2
£152K05/210.14 miFlat 32, Kingsland House, North Front, Southampton SO14 1LJ2
£205K11/200.3 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£177K04/210.3 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£185K07/210.32 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£137K02/210.36 mi46, White Star Place, Southampton SO14 3GN2
£142K03/210.37 mi47, White Star Place, Southampton SO14 3GN2
£130K11/210.43 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£118.5K12/200.49 mi51a, Alfred Street, Southampton SO14 0NB2
£250K03/230.51 mi16a, Oxford Street, Southampton SO14 3DJ2
£190K12/200.58 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£104K04/210.58 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£128K03/210.59 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£315K11/210.59 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£250K03/230.59 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£268K06/210.65 mi14, Alcantara Crescent, Southampton SO14 3HR2
£222K06/210.65 mi37, Alcantara Crescent, Southampton SO14 3HR2
£250K11/200.65 mi19, Alcantara Crescent, Southampton SO14 3HR2
£240K07/210.65 mi20, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£265K05/230.65 mi13, Alcantara Crescent, Ocean Village, Southampton SO14 3HR2
£95K06/210.65 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£85K02/230.65 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£117K03/210.65 miFlat 83, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£119K12/200.65 miFlat 161, Wyndham Court, Commercial Road, Southampton SO15 1GU2
£228K03/210.66 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2
£225K07/210.66 mi17, Asturias Way, Southampton SO14 3HT2
£255K05/210.66 miFlat 51, The Greenwich, Gloucester Square, Southampton SO14 2GJ2
£220K03/230.66 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£270K09/210.67 miFlat 4, Mayflower Court, Bugle Street, Southampton SO14 2AP2
£395K02/230.67 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£170K03/230.67 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.67 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£298.5K05/230.69 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£197.5K09/230.7 mi5, Kenilworth Road, Southampton SO15 2GD2
£280K06/210.7 mi57, Andes Close, Southampton SO14 3HS2
£192K11/210.76 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.76 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.78 mi16, James Weld Close, Southampton SO15 2SW2
£183.5K12/200.81 miFlat 34, Queens Court, Hill Lane, Southampton SO15 5RR2
£85K02/230.81 miFlat 12, Hill House, Hill Street, Southampton SO19 7DB2
£270K03/230.81 miFlat 25, Cobalt Quarter, Maritime Walk, Southampton SO14 3JY2
£180K09/210.83 miFlat 7, Shelley Court, Hill Lane, Southampton SO15 5SN2
£130K02/210.83 miFlat 20, Shelley Court, Hill Lane, Southampton SO15 5SN2
£210K04/230.83 mi5, Padwell Road, Southampton SO14 6QY2
£166K11/200.84 miFlat 3, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£175K06/230.84 miFlat 26, Spitfire Court, Mitchell Close, Southampton SO19 7TN2
£230K07/230.86 mi48, Rollesbrook Gardens, Southampton SO15 5WB2
£219K08/210.86 mi58, Rollesbrook Gardens, Southampton SO15 5WB2

Local Rents

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

RentDateDistanceAddressBeds 
£1,15003/250.03 mi-2
£1,15004/250.04 mi-2
£99509/240.04 miSt Mary's Street, St Mary's, Southampton, SO142
£1,25009/240.06 miCraven Street Southampton, SO142
£1,45002/250.07 mi-2
£2,20009/240.12 mi-2
£3,00009/240.12 mi-2
£1,09509/240.13 mi-2
£92509/240.13 miSt. Mary Street, Southampton2
£1,80003/250.13 mi-2
£2,20004/250.13 mi-2
£1,20011/240.13 mi-2
£1,25008/240.15 mi-2
£1,15009/240.15 miParkview Mansions, New Road, Southampton, SO142
£1,10004/250.22 mi-2
£1,20009/240.28 miEast Street2
£1,15009/240.28 miHanover Buildings, Southampton2
£1,35009/240.28 mi2 Bedroom Flat | City Centre | Available 1st September 20242
£1,10009/240.29 mi|Ref: R152456|, Hanover Buildings, Southampton, SO14 1JH2
£1,30009/240.29 mi|Ref: R152647|, Hanover Buildings, Southampton, SO14 1JH2
£1,30009/240.29 mi|Ref: R152382|, Hanover Buildings, Southampton, SO14 1JH2
£1,25009/240.29 mi|Ref: R152181|, Hanover House, 19a Hanover Buildings, Southampton, SO14 1JH2
£1,10009/240.29 mi|Ref: R152202|, Hanover House, Hanover Building, Southampton, SO14 1JH2
£1,10009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,10009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,15009/240.29 miHanover Buildings, Southampton2
£1,30009/240.29 miHanover Buildings, Southampton2
£1,25009/240.29 miHanover Buildings, Southampton2
£1,20009/240.29 miHanover Court, Southampton, Hampshire, SO14 1BP2
£1,15009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,10009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,30009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,25009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,30009/240.29 miHanover Buildings, Southampton, Hampshire, SO142
£1,15009/240.29 miF-4 HANOVER COURT, Southampton, Hampshire, SO142
£1,15009/240.29 mi|Ref: R152476|, Hanover Building, Southampton, SO14 1JH 2
£1,20009/240.29 miOrchard Place, Southampton, SO142
£1,30009/240.3 miThe Compass, Southampton, Hampshire, SO142
£1,30009/240.3 miThe Compass, SOUTHAMPTON2
£1,10009/240.3 miThe Compass, Southampton, SO142
£1,05010/240.3 mi-2
£1,10010/240.3 mi-2
£1,54509/240.3 miGatehouse Apartments, Southampton Southampton SO142
£1,57509/240.3 miGatehouse Apartments, Southampton Southampton SO142
£1,55009/240.3 miGatehouse Apartments, Southampton Southampton SO142
£1,70009/240.3 miGatehouse Apartments, Southampton Southampton SO142
£1,65009/240.3 miGatehouse Apartments, Southampton Southampton SO142
£1,10009/240.3 miThe Compass, Southampton, SO142
£1,09509/240.31 mi1-2 Hanover Buildings, Southampton2
£99509/240.31 miHalifax Apartments, SO142

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.05 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+7%

Property History

Price changed to £120,000

March 16, 2025

Price changed to £130,000

February 28, 2025

Listed for £140,000

December 17, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • Large lounge +
  • Ground Floor +
  • Allocated Parking +
  • Communal Gardens +
  • Close to local amenities +

We are acting in the sale of the above property and have received an offer of £120,000. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.
Situated within a desirable residential area, this modern ground floor apartment offers a perfect blend of style and convenience. Boasting two bedrooms, this property is perfect for professionals, small families, or individuals looking for a contemporary living space. The apartment is flooded with natural light, creating a bright and airy atmosphere throughout.

The open-plan living area is ideal for entertaining guests or relaxing after a long day, while the kitchen provides all the necessary amenities for convenient living. The apartment also benefits from off-street parking, ensuring hassle-free commuting for residents.
"These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection

Agent Details

Leaders Sales, Southampton

0238 202 5502

Next Steps?

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