3 Bed Terraced House, Refurb/BRRR, Eastleigh, SO50 9AZ, £300,000

Archers Road, Eastleigh, SO50 9AZ - 5 views - 4 months ago

Refurb/BRRR
Planning
ROI: 3%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£215.1K - £390K
Sold Prices/m²£2.1K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£303,544

 

 

End Value (After Refurb)

£260,271

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£42,055

Bridging Loan Interest

£7,875

Total Cash In

£139,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,271

Mortgage (After Refinance)

£195,203

Mortgage LTV

75%

Cash Left In

£139,380

Equity

£65,068

Rent Range

£975 - £1,700

Rent Estimate

£1,444

Running Costs/mo

£1,122

Cashflow/mo

£322

Cashflow/yr

£3,862

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £215.1K to £390K, average is £292K. £2.1K/m² to £4.8K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£250K06/210.07 mi16, Northlands Road, Eastleigh, Hampshire SO50 9AX3
£262.5K01/210.08 mi146, The Crescent, Eastleigh, Hampshire SO50 9BH3
£280K03/210.08 mi158, The Crescent, Eastleigh, Hampshire SO50 9BH3
£225K12/200.08 mi51, Newtown Road, Eastleigh, Hampshire SO50 9BY3
£280K08/230.1 mi16, Newtown Road, Eastleigh, Hampshire SO50 9BW3
£320K07/230.1 mi5, Toynbee Close, Eastleigh, Hampshire SO50 9EW3
£325K01/210.11 mi9, Toynbee Road, Eastleigh, Hampshire SO50 9DH3
£374.5K06/210.13 mi4, Toynbee Road, Eastleigh, Hampshire SO50 9DP3
£270K02/230.14 mi2, Newtown Road, Eastleigh, Hampshire SO50 9DB3
£250K01/230.14 mi11, Newtown Road, Eastleigh, Hampshire SO50 9DA3
£325K11/200.15 mi3, Romsey Close, Eastleigh, Hampshire SO50 9AP3
£265K06/210.19 mi99, The Quadrangle, Eastleigh, Hampshire SO50 4FX3
£320K07/230.19 mi79, The Quadrangle, Eastleigh, Hampshire SO50 4FX3
£320K01/230.2 mi7, Arthur Road, Eastleigh, Hampshire SO50 4FT3
£350K07/230.21 mi2, Arthur Road, Eastleigh, Hampshire SO50 4FU3
£351K06/210.22 mi53, Shakespeare Road, Eastleigh, Hampshire SO50 4FQ3
£360K01/230.22 mi45, Shakespeare Road, Eastleigh, Hampshire SO50 4FQ3
£331K11/210.23 mi71, Causton Gardens, Eastleigh, Hampshire SO50 9PJ3
£385K04/230.23 mi74, Causton Gardens, Eastleigh, Hampshire SO50 9PJ3
£268.4K03/210.24 mi13, Twyford Road, Eastleigh, Hampshire SO50 4HD3
£331K09/210.26 mi29, Brookwood Avenue, Eastleigh, Hampshire SO50 9PH3
£278K03/210.26 mi29, Brookwood Avenue, Eastleigh, Hampshire SO50 9PH3
£319K08/210.28 mi53, Whyteways, Boyatt Wood, Eastleigh, Hampshire SO50 4NQ3
£325K04/210.29 mi52, Twyford Road, Eastleigh, Hampshire SO50 4HJ3
£300K05/230.29 mi28, Winston Close, Eastleigh, Hampshire SO50 4NS3
£285K08/230.31 mi13, Chamberlayne Road, Eastleigh, Hampshire SO50 5JN3
£300K06/210.31 mi39, Cranbury Road, Eastleigh, Hampshire SO50 5HB3
£234K06/230.31 mi57, Cranbury Road, Eastleigh, Hampshire SO50 5HB3
£351.5K11/210.31 mi2, St Lawrence Road, Eastleigh, Hampshire SO50 4GB3
£277.5K03/210.32 mi31, Nutbeem Road, Eastleigh, Hampshire SO50 5JP3
£285K01/210.32 mi11, Nutbeem Road, Eastleigh, Hampshire SO50 5JP3
£215.1K03/210.32 mi4, Nutbeem Road, Eastleigh, Hampshire SO50 5JQ3
£290K05/230.32 mi8, Nutbeem Road, Eastleigh, Hampshire SO50 5JQ3
£390K09/210.32 mi24, Ruskin Road, Eastleigh, Hampshire SO50 4JS3
£317K09/210.33 mi39, Kipling Road, Eastleigh, Hampshire SO50 9EJ3
£265K10/210.34 mi20, Sopwith Road, Eastleigh, Hampshire SO50 5SR3
£322K03/230.36 mi20, Pluto Road, Eastleigh, Hampshire SO50 5GD3
£250K09/210.36 mi133, Twyford Road, Eastleigh, Hampshire SO50 4HL3
£245K09/210.36 mi111, Twyford Road, Eastleigh, Hampshire SO50 4HL3
£310K04/210.37 mi48, Kipling Road, Eastleigh, Hampshire SO50 9EE3
£294K06/210.39 mi45, Selwyn Gardens, Boyatt Wood, Eastleigh, Hampshire SO50 4PX3
£325K08/230.4 mi77, Chamberlayne Road, Eastleigh, Hampshire SO50 5JJ3
£254K11/200.4 mi75, Drum Road, Eastleigh, Hampshire SO50 5ST3
£307.5K02/230.4 mi47, Drum Road, Eastleigh, Hampshire SO50 5ST3
£280K03/230.4 mi8, Stranding Street, Eastleigh, Hampshire SO50 5GQ3
£295K05/230.4 mi12, Stranding Street, Eastleigh, Hampshire SO50 5GQ3
£280K04/210.4 mi99, Cranbury Road, Eastleigh, Hampshire SO50 5HE3
£280K08/210.41 mi97, Nutbeem Road, Eastleigh, Hampshire SO50 5JR3
£270K10/210.41 mi43, Dutton Lane, Eastleigh, Hampshire SO50 6AA3
£262.5K03/210.41 mi83, Nutbeem Road, Eastleigh, Hampshire SO50 5JR3

Local Rents

44 rents from £975/mo to £1.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50001/250.01 mi-3
£1,70009/240.07 miArchers Road, Eastleigh3
£1,45002/240.08 mi-3
£1,45002/240.08 mi-3
£1,39502/240.08 mi-3
£1,49501/250.08 mi-3
£1,47512/240.1 miNewtown Road, EASTLEIGH3
£1,40012/240.1 miHawkins Way SILVER SUB, Eastleigh, Hampshire, SO503
£1,05012/240.12 mi112 The Crescent, Eastleigh, SO503
£1,42509/240.13 miGeorge Street, Eastleigh SO50 9BT3
£1,35009/240.14 mi-3
£1,30012/240.15 miNewtown Road, Eastleigh3
£1,60009/240.16 miGeorge Street, EASTLEIGH3
£97509/240.23 miCauston Gardens, Eastleigh3
£1,40009/240.29 miTwyford Road, Eastleigh3
£1,35011/240.29 mi-3
£1,50012/240.29 miWhyteways, Eastleigh, SO503
£1,60012/240.33 miAshton Gardens, Eastleigh, Hampshire, SO503
£1,55012/240.35 miBenny Hill Close SILVER SUB, Eastleigh, Hampshire, SO503
£1,40012/240.4 miDrum Road, Eastleigh, Hampshire, SO503
£1,60002/250.41 mi-3
£1,65009/240.42 miGreat Farm Road, Eastleigh, Hampshire, SO503
£1,50012/240.42 mi-3
£1,55012/240.42 mi-3
£1,55003/250.43 mi-3
£1,30009/240.44 mi-3
£1,35012/240.44 miDrum Road, Eastleigh3
£1,35009/240.45 miEastleigh3
£1,45012/240.47 miEastleigh3
£1,45009/240.48 mi-3
£1,70009/240.5 miTinning Way, Eastleigh3
£1,45012/240.52 mi-3
£1,45002/250.53 mi-3
£1,35009/240.53 miBarton Road, Eastleigh3
£1,39509/240.54 mi-3
£1,40010/240.56 mi-3
£1,60012/240.56 miPenrhyn Close, Eastleigh, SO503
£1,70004/250.56 mi-3
£1,55012/240.57 mi-3
£1,45012/240.57 miHaddon Drive, Boyatt Wood3
£1,50012/240.58 mi-3
£1,45012/240.58 miCrestwood View, Eastleigh, SO503
£1,42511/240.58 mi-3
£1,40012/240.59 miConsort Road, Eastleigh3

Local Area Statistics

Population in SO50

46,318

Population in Eastleigh

78,741

Town centre distance

0.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £300,000

December 26, 2024

Sold for £215,000

2014

Sold for £154,999

2008

Description

  • NO CHAIN +
  • PRICED TO SELL +
  • CHARACTER PROPERTY +
  • THREE DOUBLE BEDROOMS +
  • OFF ROAD PARKING +
  • ORDINAL FEATURES +
  • PLANNING PERMISSION GRANTED +
  • IN NEED OF MODERNISATION +

SUMMARY
Charming three-bedroom character home in central Eastleigh, offering original features and huge potential. With a lounge, dining room, kitchen, extra reception room, and three double bedrooms, it's perfect for those looking to modernise. Enclosed garden, rear parking, and no forward chain.

DESCRIPTION
Charming Three-Bedroom Character Property in Central Eastleigh
This delightful three-bedroom character home, situated in the heart of Eastleigh, is brimming with potential. Boasting original features throughout, this property offers a unique opportunity to create a home tailored to your tastes with some light modernisation.
On the ground floor, you'll find a welcoming lounge, a spacious dining room, a functional kitchen, and an additional reception room-perfect for a home office or playroom. Upstairs, the property offers three generously sized double bedrooms and a family bathroom.
Outside, the enclosed rear garden provides a private space to relax or entertain, while parking is conveniently available at the back, alongside on-street permit parking.
Being sold with no forward chain, this property is an ideal opportunity for buyers looking to own a character home and add their personal touch. Don't miss out on this rare gem in central Eastleigh!

Entrance Porch 

Lounge 13' 5" x 11' 6" ( 4.09m x 3.51m )
Coved ceiling, double glazing to rear, bay window to front aspect. Feature gas fireplace, radiator,

Dining Room 15' 1" x 11' 11" ( 4.60m x 3.63m )
Double glazing to rear, radiator, feature fireplace, cupboard understairs.

Kitchen 12' 11" x 9' 10" ( 3.94m x 3.00m )
Coved ceiling, built in dishwasher, fridge freezer and double cooker included. Double glazing to side, laminate flooring, eye and base level cottage style units with wooden rolltop work surface over. Door to rear.

Utility Room 10' 9" x 10' 1" ( 3.28m x 3.07m )
Storage cupboard, lean to reception room - single skin extension, double glazing to rear, double glazed side door.

Landing 
Loft access. Access to all first floor rooms.

Bedroom 1 13' 3" x 15' 1" ( 4.04m x 4.60m )
Coved ceiling, double glazed bay window, radiator.

Bedroom 2 11' 10" x 9' 7" ( 3.61m x 2.92m )
Cupboard, double glazing, radiator.

Bedroom 3 9' 10" x 12' ( 3.00m x 3.66m )
Coved ceiling, double glazing, radiator, cupboard.

Front Garden 
Shingle, path to door, enclosed.

Rear Garden 
Mainly laid to lawn with various shrubs and plants. Rear access to garden with off road parking. Double gates. 82 FT rear garden. (Approximate measurement)

Outbuilding 
Outside W.C. enclosed.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Fox & Sons, Eastleigh

0238 001 7353

Next Steps?

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