2 Bed Flat, Single Let, Southampton, SO19 9JF, £120,000

Winchfield Close, SOUTHAMPTON, Hampshire, SO19 9JF - 1 views - 4 months ago

Leasehold

BTL

ROI: 12%

~59 m²

+3 photos

ValuationUndervalued

Sold Prices	£100K - £305K
Sold Prices/m²	£1.7K/m² - £4.1K/m²

Square Metres	~58.50 m²
Price/m²	£2.1K/m²
Value Estimate	£150,000£150,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Rent Range	£950 - £1,300£950 - £1,300
Rent Estimate	£969
Running Costs/mo	£589£589
Cashflow/mo	£380£380
Cashflow/yr	£4,562£4,562
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

29 sold prices from £100K to £305K, average is £170K. £1.7K/m² to £4.1K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£170K	04/23	0.23 mi	20, Tickleford Drive, Southampton SO19 9AU	£2,576	66	2	Flat
£152K	02/23	0.23 mi	28, Fullerton Close, Weston, Southampton SO19 9JP	£2,418	63	2	Flat
£108K	12/20	0.23 mi	37, Fullerton Close, Weston, Southampton SO19 9JP	£1,742	62	2	Flat
£105K	04/21	0.25 mi	39, Foxcott Close, Weston, Southampton SO19 9JQ	£1,667	63	2	Flat
£173.5K	04/23	0.3 mi	9, Staplehurst Close, Southampton SO19 9QS	£2,224	78	2	Flat
£120K	06/21	0.32 mi	2, Staplehurst Close, Southampton SO19 9QS	£1,666	72	2	Flat
£100K	06/21	0.33 mi	Flat 56, Canberra Tower, Kingsclere Avenue, Weston, Southampton SO19 9JU	-	-	2	Flat
£174K	02/23	0.33 mi	36, Staplehurst Close, Southampton SO19 9QS	-	-	2	Flat
£175K	04/21	0.39 mi	18, Dyserth Close, Southampton SO19 9HU	-	-	2	Flat
£170K	06/21	0.39 mi	20, Dyserth Close, Southampton SO19 9HU	£2,742	62	2	Flat
£248K	09/21	0.48 mi	13, Lawrence Grove, Southampton SO19 9EZ	-	-	2	Flat
£165K	07/23	0.48 mi	Flat 8, Lawrence Court, Lawrence Grove, Southampton SO19 9QD	-	-	2	Flat
£277.5K	12/20	0.53 mi	6, Temple Road, Southampton SO19 9FE	£3,964	70	2	Flat
£145K	01/21	0.63 mi	406a, Portsmouth Road, Southampton SO19 9AT	£2,014	72	2	Flat
£180K	07/21	0.68 mi	31, Hulton Close, Southampton SO19 9TX	£3,644	49	2	Flat
£150K	11/20	0.69 mi	Flat 3, Tower House, Swift Road, Woolston, Southampton SO19 9PH	-	-	2	Flat
£305K	05/21	0.69 mi	455a, Portsmouth Road, Southampton SO19 9LY	-	-	2	Flat
£208K	01/23	0.77 mi	41, Waldegrave Close, Southampton SO19 9RY	£4,055	51	2	Flat
£168K	03/23	0.78 mi	21c, Bay Road, Southampton SO19 8EZ	£2,671	63	2	Flat
£155K	03/21	0.79 mi	34a, Weston Grove Road, Southampton SO19 9EP	£2,768	56	2	Flat
£181.5K	04/23	0.84 mi	36, Swift Road, Woolston, Southampton SO19 9FN	£3,946	46	2	Flat
£150K	11/20	0.84 mi	36, Swift Road, Southampton SO19 9FN	£3,261	46	2	Flat
£155K	11/20	0.86 mi	7, Unwin Close, Southampton SO19 9TF	£2,583	60	2	Flat
£205K	03/23	0.89 mi	Flat 3, Ash Court, Spring Road, Southampton SO19 2QX	-	-	2	Flat
£175K	07/23	0.93 mi	26, Mirabella Close, Woolston, Southampton SO19 9AZ	£2,734	64	2	Flat
£170.5K	10/21	0.93 mi	15, Mirabella Close, Southampton SO19 9AZ	-	-	2	Flat
£175K	07/21	0.93 mi	7, Dundonald Close, Southampton SO19 9TA	£3,081	57	2	Flat
£170K	01/21	0.93 mi	24, Mirabella Close, Southampton SO19 9AZ	£3,864	44	2	Flat
£200K	03/23	1 mi	79, Victoria Road, Woolston, Southampton SO19 9DZ	£3,846	52	2	Flat

Local Rents

16 rents from £950/mo to £1.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£950	09/24	0.21 mi	Wadhurst Gardens, SO19	2	Flat
£995	09/24	0.21 mi	Wadhurst Gardens, Weston	2	Flat
£1,050	11/24	0.28 mi	-	2	Flat
£1,050	01/25	0.28 mi	-	2	Flat
£1,050	09/24	0.31 mi	Weston Lane, SOUTHAMPTON	2	Flat
£1,225	09/24	0.35 mi	International Way, SOUTHAMPTON	2	Flat
£1,300	01/24	0.37 mi	-	2	Flat
£1,300	09/24	0.38 mi	International Way, Southampton, Hampshire, SO19	2	Flat
£995	02/24	0.39 mi	-	2	Flat
£950	03/25	0.39 mi	-	2	Flat
£975	05/23	0.39 mi	-	2	Flat
£1,100	09/24	0.4 mi	Tenterton Avenue, SOUTHAMPTON	2	Flat
£1,250	09/24	0.49 mi	Duncan Close, Weston, Southampton	2	Flat
£1,300	04/25	0.51 mi	-	2	Flat
£1,200	09/24	0.59 mi	Bevan Close, Woolston	2	Terraced House
£1,200	09/24	0.59 mi	Bevan Close, Woolston	2	Flat

Local Area Statistics

Population in SO19	55,87555,875
Population in Southampton	428,247428,247
Town centre distance	2.67 miles away2.67 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.63 miles away0.63 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Price changed to £120,000

February 24, 2025

Price changed to £130,000

January 15, 2025

Listed for £140,000

December 26, 2024

Floor Plans

Description

Austin & Wyatt are delighted to offer for sale this two bedroom ground floor flat in the residential area of Weston in Southampton.

The location is very good for local amenities, bus routes and close to Southampton Water.

The property is presented toa good standard and the accommodation comprises of lounge, fitted kitchen and bathroom, two double bedrooms and garden to rear.

Also the property benefits from gas radiator heating and double glazing.

Externally the garden is laid mainly to lawn with outbuilding beyond.

A viewing is highly recommended.