2 Bed Flat, Single Let, Southampton, SO14 7FG, £100,000

53 London Road, Southampton, Hampshire, SO15 2AD - 4 months ago

Leasehold
BTL
ROI: 15%
~55 m²
+10 photos

ValuationUndervalued

Sold Prices£85K - £395K
Sold Prices/m²£1.2K/m² - £3.4K/m²

 

 

Square Metres

~54.70 m²
Price/m²£1.8K/m²

Value Estimate

£121,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£995 - £3,000

Rent Estimate

£900

Running Costs/mo

£513

Cashflow/mo

£388

Cashflow/yr

£4,650

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £85K to £395K, average is £181.8K. £1.2K/m² to £3.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£152K05/210.18 miFlat 32, Kingsland House, North Front, Southampton SO14 1LJ2
£142K11/210.22 miFlat 6, Lewis House, North Front, Southampton SO14 1LH2
£95K06/210.34 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£85K02/230.34 miFlat 99, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£117K03/210.34 miFlat 83, Wyndham Court, Commercial Road, Southampton SO15 1GT2
£119K12/200.34 miFlat 161, Wyndham Court, Commercial Road, Southampton SO15 1GU2
£250K03/230.4 miFlat 35, Osborne House, Grosvenor Square, Southampton SO15 2DA2
£120K04/210.4 mi185, Golden Grove, Southampton SO14 1TD2
£100K09/230.42 mi28, James Street, Southampton SO14 1PJ2
£170K03/230.48 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£190K03/210.48 miFlat 32, Chadwick Lodge, Devonshire Road, Southampton SO15 2QQ2
£130K11/210.48 miFlat 20, St James House, Orchard Lane, Southampton SO14 3DH2
£197.5K09/230.49 mi5, Kenilworth Road, Southampton SO15 2GD2
£183.5K12/200.52 miFlat 34, Queens Court, Hill Lane, Southampton SO15 5RR2
£180K09/210.54 miFlat 7, Shelley Court, Hill Lane, Southampton SO15 5SN2
£130K02/210.54 miFlat 20, Shelley Court, Hill Lane, Southampton SO15 5SN2
£177K04/210.54 miFlat 34, Raleigh House, The Compass, Southampton SO14 5BP2
£205K11/200.55 miFlat 33, Columbus House, The Compass, Southampton SO14 5BQ2
£137K02/210.55 mi46, White Star Place, Southampton SO14 3GN2
£142K03/210.55 mi47, White Star Place, Southampton SO14 3GN2
£185K07/210.56 miFlat 6, Raleigh House, The Compass, Southampton SO14 5BP2
£270K09/210.56 miFlat 4, Mayflower Court, Bugle Street, Southampton SO14 2AP2
£250K03/230.58 mi16a, Oxford Street, Southampton SO14 3DJ2
£197K04/210.59 mi104, Rollesbrook Gardens, Southampton SO15 5WD2
£230K07/230.59 mi48, Rollesbrook Gardens, Southampton SO15 5WB2
£219K08/210.59 mi58, Rollesbrook Gardens, Southampton SO15 5WB2
£315K11/210.6 miFlat 147, Oceana Boulevard, Orchard Place, Southampton SO14 3HW2
£255K05/210.62 miFlat 51, The Greenwich, Gloucester Square, Southampton SO14 2GJ2
£228K03/210.63 miFlat 20, The Albany, Gloucester Square, Southampton SO14 2GH2
£118.5K12/200.64 mi51a, Alfred Street, Southampton SO14 0NB2
£104K04/210.66 mi6a, Cranbury Avenue, Southampton SO14 0LQ2
£192K11/210.68 mi36, James Weld Close, Southampton SO15 2SW2
£195K10/210.68 mi43, James Weld Close, Southampton SO15 2SW2
£218K02/230.68 mi16, James Weld Close, Southampton SO15 2SW2
£190K12/200.69 miFlat 2, Imperial Apartments, South Western House, Southampton SO14 3DW2
£245K06/210.73 mi65a, Shirley Road, Southampton SO15 3EZ2
£245K06/210.73 mi65a, Shirley Road, Southampton SO15 3EZ2
£173.5K06/210.74 mi94 Stokes Court, The Dell, Southampton SO15 2PR2
£142.5K11/200.78 mi5b, Waterloo Road, Southampton SO15 3AQ2
£142.5K11/200.78 mi5b, Waterloo Road, Southampton SO15 3AQ2
£190K06/230.79 miFlat 17, Dorval House, Silverdale Road, Southampton SO15 2NH2
£150K06/230.8 mi99a, Shirley Road, Southampton SO15 3FE2
£128K03/210.8 miFlat 12, Consulate House, Canute Road, Southampton SO14 3FW2
£210K04/230.82 mi5, Padwell Road, Southampton SO14 6QY2
£153K12/200.82 miFlat 4, Banister Court, Court Road, Southampton SO15 2JS2
£177K02/210.84 mi16, Arthur Road, Southampton SO15 5DY2
£395K02/230.84 mi137 The Hawkins Tower, Admirals Quay, Ocean Way, Southampton SO14 3LH2
£220K03/230.85 mi283 The Blake Building, Admirals Quay, Ocean Way, Southampton SO14 3LN2
£298.5K05/230.85 mi37 The Moresby Tower, Admirals Quay, Ocean Way, Southampton SO14 3LF2
£140K06/230.86 mi3, Dymott Close, Southampton SO15 3HG2

Local Rents

50 rents from £995/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,00009/240 miAbove Bar Street, City Centre2
£1,25009/240.07 miOgle Road, Southampton2
£1,03010/240.09 mi-2
£1,10010/240.1 mi-2
£1,10010/240.1 mi-2
£1,00003/250.1 mi-2
£1,59009/240.13 miPark Walk, Guildhall Apartments, 10 Park Walk, Southampton, Hampshire, SO14 7BL2
£1,45009/240.13 miPark Walk, Southampton, SO142
£1,25008/240.17 mi-2
£1,09509/240.19 mi1-2 Hanover Buildings, Southampton2
£99509/240.2 miHalifax Apartments, SO142
£1,15009/240.2 miParkview Mansions, New Road, Southampton, SO142
£1,15009/240.23 mi|Ref: R152476|, Hanover Building, Southampton, SO14 1JH 2
£1,15009/240.23 mi|Ref: R152329|, Hanover Court, Southampton, SO14 1BP2
£1,80003/250.24 mi-2
£2,20003/250.24 mi-2
£1,30009/240.24 mi|Ref: R152647|, Hanover Buildings, Southampton, SO14 1JH2
£1,10009/240.24 mi|Ref: R152456|, Hanover Buildings, Southampton, SO14 1JH2
£1,10009/240.24 mi|Ref: R152202|, Hanover House, Hanover Building, Southampton, SO14 1JH2
£1,25009/240.24 mi|Ref: R152181|, Hanover House, 19a Hanover Buildings, Southampton, SO14 1JH2
£1,30009/240.24 mi|Ref: R152382|, Hanover Buildings, Southampton, SO14 1JH2
£1,10009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,30009/240.24 miHanover Buildings, Southampton2
£1,25009/240.24 miHanover Buildings, Southampton2
£1,25009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,30009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,15009/240.24 miHanover Buildings, Southampton2
£1,10009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,15009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,20009/240.24 miHanover Court, Southampton, Hampshire, SO14 1BP2
£1,30009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,10009/240.24 miHanover Buildings, Southampton, Hampshire, SO142
£1,15009/240.24 miF-4 HANOVER COURT, Southampton, Hampshire, SO142
£2,20009/240.25 mi-2
£3,00009/240.25 mi-2
£1,15009/240.25 miHanover Buildings, Southampton2
£1,35009/240.25 mi2 Bedroom Flat | City Centre | Available 1st September 20242
£1,35009/240.27 miC High Street, Southampton2
£1,15003/250.28 mi-2
£1,27509/240.3 miCommercial Road, Southampton SO152
£1,27509/240.3 miCommercial Road, Southampton SO152
£1,27509/240.3 miCommercial Road, SO152
£1,25009/240.32 miCraven Street Southampton, SO142
£1,45002/250.32 mi-2
£1,15009/240.33 miBrunswick Place, Southampton, Hampshire, SO152
£1,45009/240.34 miParkview, Handel Road, SO152
£2,10010/240.34 mi-2
£2,20010/240.34 mi-2
£2,10011/240.34 mi-2
£2,00004/250.34 mi-2

Local Area Statistics

Population in SO14

27,223

Population in Southampton

428,247

Town centre distance

1.14 miles away

Nearest school

0.40 miles away

Nearest train station

0.42 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 £100,000

March 28, 2025

Listed for £110,000

December 18, 2024

Floor Plans

Description

Charming Two-Bedroom Apartment in Bustling High Street, Southampton – Ideal Investment Opportunity, can achieve circa £900pcm

Located within a character building on Southampton's vibrant high street, this two-bedroom apartment presents an enticing opportunity for investors. This property is perfectly suited for the rental market.

Upon entering, you are greeted by a entrance hallway, a fantastic open-plan living-kitchen-dining area. The kitchen features neutral cabinetry, an integrated oven and hob, aswell as space for a fridge-freezer, making it a practical.

Both bedrooms offer comfortable and serene spaces, each serviced by a three-piece white bathroom, also decorated neutrally to suit any style.

Located in a prime position, the property is within walking distance of numerous amenities, including shops, cafes, and restaurants. Excellent public transport links enhance the convenience, providing easy access to the wider Southampton area and beyond.

This charming apartment, with its prime location and attractive price point, represents a fantastic rental opportunity for savvy investors. Don’t miss out on securing a property with such high potential in one of Southampton’s most bustling and urban areas.

Agent Details

Morris Dibben, Southampton

0238 144 9928

Next Steps?

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