4 Bed Detached House, Refurb/BRRR, Romsey, SO51 0NF, £695,000

Stockbridge Road, Timsbury, Hampshire, SO51 0NF - 6 views - 4 months ago

Sold STC
Refurb/BRRR
~129 m²
+21 photos

ValuationOvervalued

Sold Prices£289.9K - £1.2M
Sold Prices/m²£3.2K/m² - £9.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5.4K/m²

Value Estimate

£516,407

 

 

End Value (After Refurb)

£687,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£173,750

Stamp Duty & Legal Fees

£44,300

Refurb Costs

£57,818

Bridging Loan Interest

£18,244

Total Cash In

£295,862

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£687,500

Mortgage (After Refinance)

£515,625

Mortgage LTV

75%

Cash Left In

£295,862

Equity

£171,875

Rent Range

£725 - £3,500

Rent Estimate

£1,604

Running Costs/mo

£2,489

Cashflow/mo

£-885

Cashflow/yr

£-10,623

Gross Yield

3%

Local Sold Prices

50 sold prices from £289.9K to £1.2M, average is £585K. £3.2K/m² to £9.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£800K01/210.17 miWoodpeckers, Stockbridge Road, Timsbury, Romsey, Hampshire SO51 0NF4
£1.2M03/230.36 miSunny Bank, New Road, Timsbury, Romsey, Hampshire SO51 0NL4
£575K08/230.37 mi10, Casbrook Field, Upper Timsbury, Romsey, Hampshire SO51 0AF4
£732.5K02/211.52 miNethercote, Church Lane, Mottisfont, Romsey, Hampshire SO51 0LL4
£680K07/231.67 mi16, Magnolia Walk, Romsey, Hampshire SO51 0PY4
£775K11/201.78 miOrchard Hill, Braishfield Road, Braishfield, Romsey, Hampshire SO51 0PR4
£550K09/211.82 mi8, Hill View Road, Romsey, Hampshire SO51 0PP4
£563K06/211.95 mi3, Common Hill Road, Braishfield, Romsey, Hampshire SO51 0QF4
£1.1M09/211.97 miCroylands, Old Salisbury Lane, Romsey, Hampshire SO51 0GD4
£625K06/212.02 mi70, Cupernham Lane, Romsey, Hampshire SO51 7LF4
£570K11/202.05 mi2, Grayling Mead, Romsey, Hampshire SO51 7RU4
£918K04/212.05 miAbbotsford, Braishfield Road, Braishfield, Romsey, Hampshire SO51 0PB4
£520K03/212.05 mi32, Brook Way, Romsey, Hampshire SO51 7JZ4
£625K04/232.05 mi14, Brook Way, Romsey, Hampshire SO51 7JZ4
£660K01/212.09 mi19, Westbroke Gardens, Romsey, Hampshire SO51 7RQ4
£707K05/232.11 mi20, The Meadows, Romsey, Hampshire SO51 0GX4
£430K06/212.12 mi3, Home Field, Romsey, Hampshire SO51 7WG4
£412.5K10/202.12 mi16, Home Field, Romsey, Hampshire SO51 7WG4
£333K06/212.14 mi54, Cavendish Close, Romsey, Hampshire SO51 7HT4
£825K06/232.15 miWillow Cottage, Canal Walk, Romsey, Hampshire SO51 7AP4
£685K02/212.19 miWychelms, Newtown Road, Awbridge, Romsey, Hampshire SO51 0GG4
£495K08/212.19 mi3, Newlyn Walk, Romsey, Hampshire SO51 7WB4
£775K03/232.19 mi55, Horseshoe Drive, Romsey, Hampshire SO51 7TP4
£525K11/202.19 mi29, Horseshoe Drive, Romsey, Hampshire SO51 7TP4
£675K05/232.19 mi5, Horseshoe Drive, Romsey, Hampshire SO51 7TP4
£525K04/212.19 mi2, St Clements Close, Romsey, Hampshire SO51 8FF4
£445K02/212.19 mi1, St Clements Close, Romsey, Hampshire SO51 8FF4
£445K06/212.2 mi2, Newlyn Walk, Romsey, Hampshire SO51 7WB4
£302.5K05/212.2 mi37, Woodley Close, Romsey, Hampshire SO51 7PD4
£595K05/232.22 mi8, Withy Close, Romsey, Hampshire SO51 7SA4
£475K07/212.22 mi70, Withy Close, Romsey, Hampshire SO51 7SA4
£500K02/212.22 mi69, Withy Close, Romsey, Hampshire SO51 7SA4
£480K12/202.22 mi75, Withy Close, Romsey, Hampshire SO51 7SA4
£630K10/232.23 mi21, New Road, Romsey, Hampshire SO51 7LL4
£520K09/212.3 mi5, Ganger Farm Way, Ampfield, Romsey, Hampshire SO51 0DF4
£820K09/212.3 mi17, Woodley Lane, Cupernham, Romsey, Hampshire SO51 7JL4
£289.9K04/212.33 mi8, Tavistock Close, Romsey, Hampshire SO51 7TQ4
£495K06/212.35 mi25, Fairview Drive, Romsey, Hampshire SO51 7LQ4
£550K04/232.4 mi69, Station Road, Romsey, Hampshire SO51 8DP4
£437K03/212.42 mi2, Carters Clay Road, Lockerley, Romsey, Hampshire SO51 0GL4
£528K08/232.42 miAppletrees, Carters Clay Road, Lockerley, Romsey, Hampshire SO51 0GL4
£470K08/232.43 mi8, Cupernham Lane, Romsey, Hampshire SO51 7JH4
£817.5K04/232.43 mi36, Cupernham Lane, Romsey, Hampshire SO51 7JH4
£662.5K12/202.44 mi2, Cedar Lawn, Romsey, Hampshire SO51 7US4
£700K05/232.45 miWynton, Winchester Hill, Romsey, Hampshire SO51 7ND4
£532.5K01/212.48 mi8, Briar Way, Romsey, Hampshire SO51 7RA4
£760K03/212.5 miNewlands, Salisbury Road, Shootash, Romsey, Hampshire SO51 6GA4
£645K04/212.5 miHunters Lodge, Winchester Hill, Romsey, Hampshire SO51 7NW4
£770K07/232.5 mi2, Sorrel Close, Romsey, Hampshire SO51 7RB4
£800K01/232.5 mi4, Sorrel Close, Romsey, Hampshire SO51 7RB4

Local Rents

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

RentDateDistanceAddressBeds 
£2,50002/240.59 miManor Lane, Timsbury, Romsey, Hampshire, SO514
£2,25002/240.72 miStaff Road, Romsey4
£1,09009/240.9 miBraishfield, Romsey Rural2
£75009/240.99 miStation Approach, Romsey, Hampshire, SO511
£2,50012/241.2 miBelbins, Romsey, Hampshire SO513
£3,25012/241.58 miHarry Court, Cupernham Lane, Romsey, Hampshire, SO515
£3,25009/241.75 miOld Salisbury Lane, Romsey, Hampshire, SO515
£2,10002/241.79 mi-3
£1,60011/231.81 mi-4
£2,75005/241.82 mi-4
£1,72508/231.82 mi-4
£1,70012/241.83 miCrook Hill, Braishfield3
£1,85003/251.84 mi-3
£3,50002/251.87 mi-5
£2,00009/241.88 miTrokes Cottage, Mottisfont, SO51 0LH3
£3,40001/241.92 mi-5
£1,60012/241.97 miCutforth Way, ROMSEY3
£1,65005/231.98 mi-3
£1,15002/241.99 miTate Close, Abbotswood, Romsey, Hampshire, SO512
£1,15009/242.04 miFreemantle Road, Romsey, Hampshire, SO512
£1,29509/242.06 miMinchin Road, Romsey2
£2,95012/242.07 miWalnut Close, Romsey5
£1,20012/242.07 mi-2
£1,60009/242.08 miThomas Hunt Row, Abbotswood Common Road, Romsey, Hampshire, SO513
£1,35009/242.14 miSt. Johns Gardens, Romsey2
£1,50009/242.14 miRomsey3
£1,50012/242.17 miRomsey3
£1,40009/242.19 miKinver Close, Romsey3
£1,50012/242.19 miBransley Close, ROMSEY4
£1,35012/242.2 mi-4
£1,00012/242.2 miSt Clements Close, Romsey1
£3,25012/242.24 miBraishfield Road, Romsey, Hampshire, SO514
£96004/252.26 mi-1
£1,60009/242.27 mi2 Canefield Cottages Romsey Road, Lockerley, Romsey3
£1,00001/252.28 mi-3
£1,50012/242.28 miLincoln Close, Romsey3
£72509/242.29 miRomsey Tavistock Close UNFURNISHED1
£1,15004/252.29 mi-1
£1,35004/252.3 mi-2
£1,15509/242.3 mi-1
£1,30001/252.3 mi-1
£1,45012/242.31 miFairview Drive, ROMSEY3
£1,47512/242.31 miFairview Drive, ROMSEY3
£1,10009/242.31 mi-1
£85012/242.31 miRomsey1
£2,00012/242.31 miPrinces Road, Romsey, Hampshire, SO513
£1,20009/242.33 miTavistock Close, Romsey, Hampshire, SO513
£85012/242.34 mi-1
£1,50009/242.34 miSpearywell, SO512

Local Area Statistics

Population in SO51

26,989

Town centre distance

2.23 miles away

Nearest school

1.70 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £695,000

December 18, 2024

Floor Plans

Description

  • Located within the popular village of Timsbury, just 2.2 miles from Romsey +
  • Positioned on a plot approaching 0.25 of an acre +
  • Potential for extension and modernisation +
  • 95ft Westerly facing rear garden and backing into open fields +
  • Large driveway and double garage with room above +
  • Four bedrooms, en-suite and family bathroom +
  • Sitting room, dining room, study, kitchen and utility room +
  • No forward chain +

A wonderful opportunity to acquire a detached home in the village of Timsbury, with potential to extend and modernise, positioned on plot approaching 0.25 on an acre and backing onto open fields. The flexible and spacious accommodation comprises four bedrooms, en-suite to bedroom one, family bathroom, sitting room with open fireplace, study/bedroom, dining room, kitchen and utility room. To the front of the home a double garage has a room above, an ideal space to be used as a home office or studio, there is driveway parking for several vehicles and westerly facing rear garden backing onto open fields.

Ground Floor - The front door opens into the hallway which immediately sets the tone for this welcoming and warm home. Access is provided to all rooms on the ground floor and the first floor via the stair case. The sitting room is a large room with a fire place and doors that open out to the rear garden. The study has a window overlooking the front of the home, currently used as a home office this room would serve well as a bedroom or second sitting room. The dining room has a window overlooking the rear garden, there is ample space for the dining suite, a doorway leads to the kitchen, which is fitted with a range of cupboards and drawers, there is an integrated oven, fitted hob with extractor hood over and space for further appliances. The utility room houses the boiler, has fitted storage, space for appliances and a door opening to the side of the home. A downstairs cloakroom is fitted with a WC and wash basin.

First Floor - The first floor landing provides access to three double bedrooms and the family bath room. Bedroom one is a spacious double room with built in wardrobes. The en-suite is fitted with a suite comprising WC, wash basin, shower cubicle and heated towel rail. Bedrooms two and three are both double rooms, bedroom three benefits from a built in wardrobe and access to the airing cupboard. The bathroom is fitted with a suite comprising WC, wash basin, bath with shower over and fitted shower screen.

Outside - The gardens are a particular feature of the home, the rear garden measures approximately 95ft in length, backs onto open fields and benefits from a pleasant westerly aspect, enjoying the afternoon and evening sun. Paving adjoins the rear of the home, a pathway leads to the side access. There is a large area laid to lawn with established hedging and trees. The front of the home has established hedging and trees offering a great deal of privacy.

Parking - A large driveway is at the front of the home, providing parking for many vehicles. A double garage has two up and over doors, power and lighting. A room above the garage is accessed via a staircase to the side, this room would make an ideal studio, hobby room or home office.

Location - The picturesque and characterful village of Timsbury, Hampshire, is located just 2.5 miles north of Romsey and is perfectly positioned for access to many good road links, Romsey train station and the beautiful city of Winchester. There are an abundance of nearby walks, communal areas for the residents to enjoy, excellent nearby schooling, nearby public houses/restaurants include well renowned 'The Malthouse' Gastro Pub, 'Duke on the Test' and 'Bear and Ragged Staff'.

Sellers Position - No forward chain

Age - 1980s

Heating - Oil fired central heating - Boiler installed 2023

Primary School - Awbridge Primary School

Secondary School - The Romsey School

Council Tax - Band G - Test Valley Borough Council

Agent Details

Henshaw Fox, Romsey

01794 337503

Next Steps?

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